Colliers has completed the sale of a mixed-use development site located at 2245 McAllister Avenue in Port Coquitlam, as reported on by Storeys. The site, previously owned by Quarry Rock, is approved for a 5-storey, 80-unit project with 19,000 SF of retail at grade. It was sold to Northstar Development for $11,600,000 or $168 per buildable SF based on the approved application.
The City of New Westminster is exploring further changes to its Lower Twelfth Street area plan, with an ongoing study now being considered by council following on earlier work from 2024.
Current objectives include:
Next steps:
The full presentation can be viewed here: https://pub-newwestcity.escribemeetings.com/filestream.ashx?DocumentId=21572