D E V E LO P E R p ro f i l e
LAKESTONE LIVING MACDONALD DEVELOPMENT CORPORATION’S 1,365-RESIDENCE PLANNED COMMUNITY FA S T FA C T S Company Name: Macdonald Development Corporation and its residential development arm, Macdonald Communities Ltd. Head Office: Vancouver, B.C. Project: Lakestone Community, District of Lake Country (Okanagan Region), B.C. Current/Past Project Locations: Vancouver, Nanaimo, Britannia Beach, Surrey, Kelowna, B.C.; Calgary, Alberta; Phoenix, Arizona; San Diego and San Francisco, California; Atlanta, Georgia; Washington State Full-time Employees: Approximately 30
8
WINTER 2020
110720_Building_Excellence_Edit_45.indd 8
On
the western shores of Okanagan Lake in B.C., midway between Kelowna and Vernon, lies the growing community of Lakestone, providing a unique example of patient, purposeful urban design and development. This master-planned community, winner of the prestigious CHBA Community Development Award for 2020, is the work of Macdonald Development Corporation and their residential development arm, Macdonald Communities Ltd. Spread across 550 acres, it rises nearly 300 metres from the lakeshore up Beacon Hill, offering stunning western vistas across the lake and rolling hills. While the community provides a wide range of top-quality amenities to residents, it is nature itself – from the lakeshore to undisturbed natural spaces – that forms an integral part of what makes Lakestone such a unique place to live.
Macdonald acquired the land in 2009 and the master plan was completed in 2012, envisioning a completed community of 1,365 residences, including a mix of single-family homes, multi-family buildings, condominiums, duplexes, and townhomes. To date, the first five of a planned 12 phases are active, with approximately 250 residences occupied. Full build-out of the project is expected to run over the next decade.
THE VISION The company’s vision for the project both respects the natural environment of the site and aims to make full use of this resource to create a community designed for “active living.” This vision is reflected in the multiple community amenities situated throughout Lakestone, including an extensive trail system,
BUILDINGEXCELLENCE.CA
2020-10-30 4:48 PM
