Phase One of Concert’s Cottonwood Lands Project to Include Two Towers, 649 Condos & Rental Units
Concert Properties has submitted a development application for the first phase of their 550 Cottonwood Avenue project in the Burquitlam area of Coquitlam.
A master plan for the 6.7 acre site, which is currently improved with 12 walkup apartment buidlings, was originally approved in 2019. It envisions two rental towers, four condo towers, a daycare and amenity building, and park dedication.
The plan for Phase 1 of the project is two towers :
- a 37-storey tower with 347 market rental units (incl. 54 non-market units)
- a 30-storey tower with 275 condos;
- a 2-storey amenity/daycare building;
- 1.67 FAR (on entire site area – 5.50 FAR max for the site)
- an extension of Cottonwood Park.
- $3.6 Million in DCCs
- $4.8 Million in density bonuses.
Phase one is located in the Northeast corner of the site.
The architect for the project is Rafii Architects.