One Park Lane

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170 West 1st Street, North Vancouver, BC

One Park Lane
Oneparklane.jpg

170 West 1st Street, North Vancouver, BC
Building Information
Developer Millennium
Architect Lawrence Doyle
Management Company Stratawest Management
Number of Units 117
Number of Floors 13
Year Built 2005
Construction Method Concrete
Type of Roof IRMA
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170 West 1st Street, North Vancouver, BC
Distance to Public Transit One block
Region Vancouver
Municipality North Vancouver
Zoning RM-1
Title of Land Condominium


Contents

Background

One Park Lane located in Lower Lonsdale

One Park Lane is an iconic building in the neighbourhood of Lower Lonsdale, standing prominently in the local skyline with its brick clad exterior and rounded roof top. The land was purchased by Millennium Development in 2003 at a cost of $5.7 million.

Condominium developments are relatively new occurrences to a community dominated by single family homes. This is a result of a growing real estate market in the region and its increased desirability due to its proximity to both downtown Vancouver and the North Shore mountains. As a result, North Vancouver real estate prices have jumped considerably within the last ten years.

North Vancouver offers residents an all encompassing west coast lifestyle that enables the opportunity to work in a big city and play in the big mountains, all in one day. This kind of life is desired by many North Vancouverites, most of whom are willing to pay an additional premium to live here. One Park Lane then is able to provide North Vancouver with an alternative means to pursuing an active lifestyle without having to own a house. [1]


Location

Lower Lonsdale is considered the downtown of North Vancouver. Just a few blocks from Lonsdale Quay, One Park Lane allows its residents easy access to downtown Vancouver via the Seabus or anywhere on the North Shore using Lonsdale Quay's bus exchange. One reason to live in North Vancouver is because of the mountains that watch over the community. They provide residents multiple recreation options with places to ski, hike, mountain bike, or swim.

Lower Lonsdale is the hub of North Vancouver and therefore has all the amenities on should expect from living in a large urban centre. A grocery and liquor store, multiple restaurants and a movie theatre are not far from One Park Lane's front entrance.

North Vancouver is scant on nightlife though, so those looking for some fun after hours will have to take the Seabus downtown. [2]

Construction

One Park Lane is bordered by a beautiful park

One Park Lane was built by Millennium Developments in 2005. It is a concrete building with brick added to much of the exterior for architectural emphasis. It would generally be considered an example of modern architecture, although with its expressive use of brick and its rounded roof top some might argue it is in fact postmodern.

One Park Lane features a metal roof. The general contracting was done by Metro-Can Construction Ltd., a company with over 40 years experience in the Vancouver area. Concrete was supplied by La Farge Construction materials and Morrison Hershfield Ltd. consulted on the building envelope. Windows were installed by Allied Windows Ltd. and electrical work was performed by Cairns Electric Ltd.

Units at One Park Lane come in one to three bedrooms which feature open kitchens and large bathrooms, both with granite counter tops. Units also feature outdoor patios and parking spaces in the building's underground garage. [3]

Layout and Features

One Park Lane features:

  • Open kitchens
  • Porcelain tile flooring
  • In-suite washer/dryer
  • Soaker tub

Floor Plans

Unfortunately there are no floor plans available for One Park Lane though there is a video tour through the link provided. [4]

Amenities

Amenities at One Park Lane include:

  • Concierge
  • Movie theatre
  • Fitness centre
  • Secure underground garage

Bylaws

One Park Lane Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues Yes



  • Pets are allowed at One Park Lane
  • Rentals are permitted
  • There are no age restrictions concerning the sale or rental of units at One Park Lane
  • Barbecues are permitted

Sustainability

Developers paid a premium for the land that One Park Lane is situated on due in part to its location near the Quayside Seabus and bus exchange. So while sustainable building practices were not utilized during its construction it could be said that One Park Lane is sustainable due to its central location in North Vancouver.

By 2020, the City of North Vancouver aims to reduce the amount of waste sent to its landfills by 50%. Residents can help the city achieve this goal by utilizing the recycling and composting bins available at One Park Lane. [5]

Trivia

The Olympic Village located on False Creek was put into receivership by Millennium Developments. It is estimate that the City of Vancouver will lose $300 million from this development once all available condominium units are sold through receivership

The developer of One Park Lane, Millenium Developments is behind many notable condominiums developments in the lower mainland including the One University Building at Simon Fraser University in Burnaby, the Luminiere in Coal Harbor and Edgewater in West Vancouver.

However, they may have gotten over their head when they won the bid to construct the Olympic Village development on False Creek. The project was notoriously over budget and the economic crash of 2008 led to a less than projected pre-sale of its units. In order to finish the Village in time for the Olympics the project was put into receivership and the City of Vancouver was forced to using public funds.

During this time Millennium Developments were also in the process of beginning a new condominium complex called Evelyn behind the Park Royal Mall in West Vancouver. Millennium Developments were unable to to make payments on their $75 million loan and were forced to put this project into receivership as well. The Onni Group took over the project and has since resumed construction.[6]

One a more positive note, One Park Lane won the Georgie Award for "Best Residential Building in British Columbia" upon opening in 2005.


References

  1. NorthVan Condo
  2. Fine Homes International
  3. Vancouver Listings
  4. Video Tour
  5. North Shore Recycling Program
  6. CBC News


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