Another Westbank project is heading to public hearing, this time at 2200 Kingsway which was formerly a Canadian Tire.  The proposal features three towers that total 404 residential units over 350,000 square feet of gross floor area and 597 parking spaces. 

An interesting article on some of the pioneers of the REIT world.  REITs have become like daytime talk shows, new ones pop up every week and for any sort of real estate asset class. 

Cohen & Steers Looking Beyond REITs and Real Estate.

Proposed 46-storey tower in limbo.

A proposal for what could potentially be one of Burnaby’s tallest towers – standing at 46-storeys – was withdrawn at a recent public hearing held in council’s chambers.

On March 19, three rezonings were up for public input, except for the highrise proposed for Gilmore Ave. with a three-storey townhouse podium facing Halifax Street and a two-storey residential amenity podium that included a rooftop swimming pool.

Coun. Colleen Jordan, who attended the public hearing, said she could not comment on why the proposed tower was withdrawn.

Now the proposal is in limbo – it will either go to a future public hearing with changes or not go ahead at all. The site’s developer is Millenium Development, which has also developed 10 other highrises in the city, including Mayfair Place, Belvedere and One University Crescent in the SFU community.