349-Unit Condo & Rental Project Planned for Burquitlam Site
Strand Development has submitted a rezoning and development application for a site on Claremont Street, just North of Como Lake Avenue in theOakdale area of the Burquitlam Lougheed Neighourhood Plan area in Coquitlam.
The 1.0 acre site is an assembly of five single family lots.
The proposal calls for the development of a 29-storey condo tower and 6-storey rental building. Details include:
- 246 condo units;
- 89 market rental units;
- 14 below-market rental units;
- 389 underground parking spaces;
- 19,250 sq ft. of common amenity space;
- a total density of 5.50 FAR.
The architect for the project is IBI Group.
Strand acquired the site in 2021 for $17,700,000 or approximately $70 per gross buildable sq ft based on gross density in the application.