902 Units, Two Towers Slated for Metrotown Site
Peterson Group has submitted their formal rezoning application to the City of Burnaby for 6645-6707 Dow Avenue in the Maywood Neighbourhood of Metrotown.
The 112,424 SF site is a five-lot assembly designated RM-5s and RM-4 under the Metrotown Downtown Plan which allow for high density residential development.
The subject properties are each improved with an older two to three storey rental apartment building which were constructed between the years of 1955 and 1964. In total, there are 112 existing rental units across the five sites proposed for redevelopment.
The proposed development for the site is for two condo towers (49 & 41-storeys), with a commercial podium, and a 6-storey non-market rental housing building.
Details include:
- 902 total residential units;
- 770 condos;
- 132 rental units (median market, inclusionary & replacement);
- 113,000 SF of office space (with option to convert to hotel);
- a total density of 7.74 FAR (870,000 SF);
- 1,241 underground parking stalls.
The architect for the project is BOP Architects.