Two Towers Proposed for Burquitlam Site

Boffo Developments has submitted their rezoning and development permit application to the City of Coquitlam for a new two-tower high density residential development, entitled ‘Smith and Farrow‘ in Burquitlam. The 1.69 acre site is irregular in shape and located just West of Clarke Road and directly North of The Burquitlam Capital building, completed this year. The site is located 650 ft. from the Burquitlam Skytrain Station.

The site is currently improved with an older 3-storey rental building with 45 units, and two 1970’s lowrise condo buildings totaling 48 units.

The plan for 705-707 North Road is to rezone to permit the development of two residential towers with a total of 482 units under the Burquitlam-Lougheed Neighbourhood Plan. Townhouses will front North Road.

Details of the proposed development include:

• a 46-storey market condo tower w/ 348 units;
  • 126 one-bedrooms, 176 two-bedrooms & 46 3/4 bedrooms;
• a 20-storey rental tower w/134 units (including 21 non-market units owned by Vancouver Resource Society);
  • 37 one-bedrooms, 77 two-bedrooms & 20 three-bedrooms;
• tower heights of 492 ft. and 225 ft.;
• a total density of 5.50 FAR;
• 48,000 SF of combined amenity spaces including rooftop pool;
• 688 parking spaces;
• $16 Million in density bonus payments & $515,000 voluntary CAC.

The architect for the project is Chris Dikeakos.

Boffo assembled the site in 2017 for $41,620,000 or $89 per buildable SF based on the application.