Quote:
Originally Posted by GenWhy?
Heather Lands might be the best recent indicator as to timelines as they are the "same" model, more or less.
Rezoning Public Hearing on May, 2022 with the Policy Statement approved in May of 2018 (where Jericho is now). Minus COVID delays with Heather as a template, and you might have an approved Rezoning at Public Hearing by late 2023 if they go gangbusters? Maybe add another 4 years until one tower is finally either built or almost built?
Any other takers on timelines?
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Have they even submitted a DP for any development on the Heather Lands (aside from the sales centre approved in August?).
There was over 2 years between the Heather Lands policy statement being approved by Council May 2018, and the rezoning being submitted in October 2020, which was then approved in May 2022. The DP application (for the sales centre) was submitted in May 2023, and approved August 2023. So assuming a DP is submitted in the new year for phase 1 residential buildings, and assuming they sell enough (leasehold) to start construction, the DP probably won't get approved until mid 2024, and initial construction would take until at least 2027, and more likely 2028.
Obviously it'll be longer if they don't move fast on the DP, or the Urban Design Panel play silly buggers, or sales of leasehold units take a while. So it'll be close to 10 years from approval of the policy statement, and the first units occupied. If covid added a year, and another for it being a novel project with public, First Nations and private partners, it could be shorter, at 8 years at Jericho. Assuming Council sign off on Jericho in early 2024, that would be 2032 at the earliest before anyone moves in.
We have yet to hear if MST will have a development partner on Jericho, although it seems likely. Aquilini have been the Tsleil-Waututh partner on the North Shore, and now with MST at Heather Lands, the LDB site and in Burnaby with the Musqueam and Tsleil-Waututh at Canada Way. Westbank are the Musqueam Nation's partner at Senakw, and Polygon are their partner on leləm̓.