A partnership between Marcon and Quadreal have submitted a development application for the Chrysler dealership site in the Coquitlam Centre area for a new high density mixed use project dubbed “Coquitlam Central“.
The 12 acre site is located at the southeast corner of the intersection of Lougheed Highway and Pinetree Way, at the unofficial entrance to Coquitlam Centre.
The project is divided into two phases – a north and south phase.
- Phase 1 – North Side has an urban character and Is anticipated to be builin a single phase (i.e., no sub phases), although the building permits for each tower will likely be phased; and
- Phase 2 – South Side has a residential character and will be built in
- multiple sub phases, in a counterclockwise direction, beginning in the NW corner of Phase 2 and completing at the NE corner.
The overall proposal includes:
- 6 condo towers with 3,000 condo units;
- 2 rental towers with 1,000 rental units;
- 528,000 sq ft of commercial space, including hotel & office;
- a 3-star hotel tower with 150 rooms & conference space;
- a 170,000 sq ft office building connected to the hotel;
- An overall density of 7.15 FAR;
- 1.5 acres of public park and plaza space;
- a pedestrian/cyclist bridge over Lougheed Highway;
- On-site art valued at $900k;
- A daycare;
- An anchor grocery store;
- An estimated overall total of approximately $150M in municipal DCCs,
- density bonus payments, and CACs.
The project team will prepare the application for the first round of public engagement, through a virtual (digital) Public Information Meeting. Following the first round of public engagement and additional refinement, the project will be brought back to a minimum of one future Council-in-Committee meeting and another round of public engagement. The applicant will then refine the master development plan and development agreement, in effort to bring the application forward for consideration of First Reading. Given the scope of the project and the host of elements to be addressed. It is estimated that the application could proceed for consideration of First Reading sometime in mid-2022.
