Planned for the District of North Vancouver, Waterfront is a modern, industrial work community that supports local jobs, reduces traffic congestion, addresses an acute shortage of industrial land, and saves the local marina.
We are proposing to subdivide 27.5 acres of waterfront industrial at 1371 McKeen Avenue to allow for the creation of smaller, more flexible parcels of land to support a wide variety of the type and size of local businesses.
Our vision is consistent with the District’s Official Community Plan and employment lands strategy, and is fully compliant with the site’s zoning and permitted uses. This project is an opportunity for the District to help local businesses thrive by providing cost-effective options for industrial and light industrial uses, and ensuring long-term business certainty based on smart planning policy.
With local industrial vacancy rates below one percent, North Shore businesses are struggling to find small to mid-size industrial properties where they can grow their companies, continue employing local residents, and participate in the economic opportunities offered by our port-based economy. The Waterfront model offers a viable, strategic solution to the District’s shortage of flexible industrial workspaces. It also allows for ongoing improvements to Lions Gate Marina, and facilitates the rehabilitation of sensitive riparian habitat and enhanced storm water run-off management to protect marine wildlife.
The current Waterfront property is significantly under-utilized, representing a missed opportunity for the local economy. By subdividing this under-utilized site, we can help to keep local businesses and employees on the North Shore and prevent more traffic from having to cross the Lions Gate and Ironworkers bridges. Most importantly, we can help avoid the loss of our home-grown companies to other parts of the region.
Waterfront has received the support of neighbourhood associations, prospective tenants, industrial land advocates and economic development organizations, who see the potential for the project to bring important benefits for North Vancouver, and allow local trade-enabling businesses to participate in our vibrant waterfront industrial community.