Construction of a planned townhome site in Edgemont Village isn’t likely to happen anytime soon.
The property at 1031-1045 Ridgewood Dr. has been listed for sale. That’s after developer Wesgroup got approval from District of North Vancouver council in July to rezone the property, along with a related amendment to the official community plan.
The successful application was to replace four single-family lots with 32 strata townhomes across five buildings, three storeys each, with an underground parkade.
A brochure from Colliers Canada markets the “rarely available” approved townhouse development as an opportunity to develop the approved townhomes, with “over $550,000 in costs spent to date.”
But it’s not clear that a buyer would be able to develop the property as stated.
“While the development site is for sale, we have not received a formal withdrawal request from the developer,” said Ryan Schaap, spokesperson for the District of North Van.
“The site has been rezoned to accommodate the applicant [Wesgroup]’s proposal. Without having received and reviewed any new development-related information from the current or future owners, staff are not able to provide any advice in terms of the permitting process at this point,” he said.
A spokesperson for Wesgroup confirmed the company had listed the site for sale, but would not provide further comment.
Developers have faced roadblocks related to this site in the past.
In 2018, a newly elected district council voted to quash a detailed application by Boffo Properties, reversing the previous council’s decision to approve a project with 25 three-bedroom units just months earlier.
While that developer expressed frustration at the reversal, councillors said at the time that the asking price for the strata units were too high, and that Edgemont Village was suffering from “construction fatigue.”
