Construction of a proposed 430,000 square foot, $65 million North Vancouver shopping mall, located on aboriginal lands, could begin as early as next year.
The mall would include an enclosed element as well as possibly big-box stores. Squamish Nation, property owner, is currently examining putting housing on the site along with the proposed retail. We are awaiting development proposal documents and we will share them with readers when received.
The proposed shopping centre site is located at the north end of Vancouver’s Second-Narrows/Ironworkers Memorial Bridge. The site sees considerable vehicle traffic and the area population is expected to grow with residential proposals in areas near Capilano University to the north of the site.
The development would proceed in conjunction with developer Kingswood Capital Corporation, which owns a 50% stake in the development as part of its 99 year sublease of the roughly 30 acre Squamish lands.
The project was initially proposed in 1999 and was to break ground in 2004. The new proposal would see a modified design and the addition of residential to ‘optimize the site’s use’.
