2,800 Unit Master Plan Project Envisioned for Coronation Park
Wesgroup has submitted a pre-application for an OCP amendment and rezoning for a 15-acre, 59 single family lot land assembly in the Coronation Park neighbourhood on the Eastern edge of Port Moody.
In 2017, the City of Port Moody amended their OCP to include the Coronation Park Neighbourhood, thereby allowing a significant amount of potential new density. A number of assembly efforts emerged in the following couple of years, with Wesgroup emerging now having 48 of the 59 lots under contract.
Six properties to the north of Guilford Drive, including the large townhouse site (Balmoral Place) and the Esso gas station are not included in the assembly.
Wesgroup’s preliminary proposal for the 645,301 SF site includes:
- Six highrise towers (32-36 storeys), five lowrises
- Approximately 2,800 residential units;
- 450 market rental units and 50 affordable units;
- 12,000 SF of retail;
- a total density of 4.40 FAR;
- one acre of park space;
- a road network based largely on existing site grades.
In it’s application cover, Wesgroup notes that they have until June 2022 to enact a rezoning as part of their agreements with owners. They also note contingency plans to deal with remaining holdout owners.
The next step for the project will be to move to a formal OCP Amendment and Rezoning Application later this year.
The architect for the project is Ciccozzi Architecture.