Beedie Living has submitted an application to rezone a 10-acre site that they own at 3676 Bainbridge Avenue in the Bainbridge Urban Village area of Burnaby.
The site is currently improved with older lowrise industrial buildings zoned M2 and M5 industrial.
The site became designated for mixed use residential when the Bainbridge Urban Village Community Plan was adopted by the City of Burnaby in 2022.
The preliminary application indicates that the overall development will include “a mixture of 6-storey below-market rental buildings, 6-12 storey strata buildings, and 4-storey stacked townhomes.”
Other details include:
- 1,000 – 1,100 residential units;
- 20% affordable rental units at 20% below CMHC median rents;
- a total density of 2.20 FAR (970,000 SF)
- road upgrades and new public green space.
The site has a current assessment value of $80,789,300.
This site is located near a similarly designated development site that we have just listed at 7022-7036 Greenwood Street.