The proposal is to allow for the development of an 18-storey residential building that will become the ‘East Tower’ phase of the larger overall project and includes:
211 rental units (including 42 below market rental units);
78 studios, 59 one-bedrooms & 74 two-bedrooms.
A total density of 6.73 FSR;
A building height of 201 ft. with an additional partial storey for a rooftop amenity space;
Three levels of underground parking with 98 vehicle parking spaces.
A partnership between Marcon and Quadreal have submitted a development application for the Chrysler dealership site in the Coquitlam Centre area for a new high density mixed use project dubbed “Coquitlam Central“.
The 12 acre site is located at the southeast corner of the intersection of Lougheed Highway and Pinetree Way, at the unofficial entrance to Coquitlam Centre.
The project is divided into two phases – a north and south phase.
Phase 1 – North Side has an urban character and Is anticipated to be builin a single phase (i.e., no sub phases), although the building permits for each tower will likely be phased; and
Phase 2 – South Side has a residential character and will be built in
multiple sub phases, in a counterclockwise direction, beginning in the NW corner of Phase 2 and completing at the NE corner.
The overall proposal includes:
6 condo towers with 3,000 condo units;
2 rental towers with 1,000 rental units;
528,000 sq ft of commercial space, including hotel & office;
a 3-star hotel tower with 150 rooms & conference space;
a 170,000 sq ft office building connected to the hotel;
An overall density of 7.15 FAR;
1.5 acres of public park and plaza space;
a pedestrian/cyclist bridge over Lougheed Highway;
On-site art valued at $900k;
A daycare;
An anchor grocery store;
An estimated overall total of approximately $150M in municipal DCCs,
density bonus payments, and CACs.
The project team will prepare the application for the first round of public engagement, through a virtual (digital) Public Information Meeting. Following the first round of public engagement and additional refinement, the project will be brought back to a minimum of one future Council-in-Committee meeting and another round of public engagement. The applicant will then refine the master development plan and development agreement, in effort to bring the application forward for consideration of First Reading. Given the scope of the project and the host of elements to be addressed. It is estimated that the application could proceed for consideration of First Reading sometime in mid-2022.
815 Hornby Street, a 6-storey office building at Hornby and Robson, has sold to Reliance Properties for $93,000,000. The 62,000 sq ft. B-class office building sits on a prime 18,660 sq ft. site that can be redeveloped to a greater density for a commercial or mixed-use highrise in the future.
The property was not publicly offered for sale, but offers were entertained from multiple buyers.
The building had been owned by the same family since 1990.
Two rezoning applications of note are going to first reading at Burnaby City Council next week:
Tower 6 – Amazing Brentwood
This rezoning application by Shape Properties is for the detailed design and construction of the sixth tower in the overall Amazing Brentwood Project. The overall master plan for the project was approved in 2013 and the first five towers are at various stages from completed and occupied to under construction.
Tower 6 will be located at the Northwest corner of the site, fronting Willingdon. It is currently surface parking.
The proposal for Tower 6 is a 39 storey residential tower, inclusive of a 4 storey rental podium with commercial at grade. Details include:
443 residential units;
369 condos;
21 market rental units;
53 non-market rental units;
32,000 sq ft of retail space fronting Willingdon & Brentwood Blvd;
an overall density of 9.67 FAR.
6615 Telford Avenue
This site is located within the Maywood neighbourhood of the Metrotown Downtown Plan. The property is currently improved with an older 54-unit, 3-storey apartment building.
A rezoning application for the site was originally submitted in 2019 although has now been revised to reflect the City’s new Rental Use Zoning Policy.
The proposal is for a 31-storey condo building and a separate 6-storey replacement/non-market rental apartment building. Details include:
A rezoning application has been submitted for the ‘Granville Loops’ lands that will be comprised of four development parcels following the removal of the circular ramps (the Loops) connecting Pacific St to the Granville Bridge. The removal of the Loops was approved by the City in 2017.
The ramps will be replaced with extensions of Continental and Rolston streets south to Pacific St and a new level connection of Neon St to Granville St with a signalized intersection. Four new development parcels will be created in the area bounded by Pacific St, Neon St and the Howe and Seymour ramps (which will be retained). The rezoning would allow for development on those four parcels once the new streets are constructed.
The Granville Loops Policy Plan anticpated the development of the sites to provide for the following public benefits:
the replacement of non-market housing units – 50,000 sq. ft. (demolished Continental Hotel) as self contained units
the costs and delivery of the removal of the two on/off ramps and the reconfiguration of the new roads, Neon Street, Continental Street and Rolston Street.
This rezoning proposes the following additional public benefits:
increase the non-market building from 50,000 sq. ft. to 161,600 sq. ft. with a variety of unit mix within sub-area C
a 37 space child daycare within sub-area C
mix of market rental residential approx. 126,000 sq. ft. with the balance as strata residential with sub-area B
the cost and delivery of replacing a portion of the Granville Street bridge (between Pacific Street and Drake Street)
wider road layouts along Rolston and Pacific to accommodate bike lanes
new building setbacks along Continental and Rolston Street for ground oriented residential
expanded public realm as public open spaces at the south end of sub-areas A and D.
The proposal includes four sub-areas:
Sub-area A (between Continental St and the Howe On-Ramp)
40-storey condo tower (395 feet)
Total floor area of 263,328 sq. ft.
Sub-area B (between Continental St and Granville St)
Residential building at 27 storeys adjacent Pacific St and 12 storeys adjacent Neon St with a 70-foot podium and street-level commercial-retail
Building height of 250 feet as measured from the Granville Bridge deck or 275 feet as measured from Pacific St
Total floor area of 219,131 sq. ft. comprising 126,524 sq. ft. of secured market rental housing with the balance of floor space as strata residential and commercial-retail
Sub-area C (between Rolston St and Granville St)
Residential building at 27 storeys adjacent Pacific St and 12 storeys adjacent Neon St with a 70-foot podium containing street-level commercial-retail and a 37-space childcare facility
Building height of 250 feet as measured from the Granville Bridge deck or 275 feet as measured from Pacific St
Total floor area of 174,892 sq. ft. comprising 161,649 sq. ft. of social housing (50,000 sq. ft. of which is replacement of SRO housing that was in the Old Continental Residence), 13,243 sq. ft. of commercial-retail and a 5,000 sq. ft. City childcare facility
Sub-area D (between Rolston St and the Seymour Off-Ramp)
The table below compares the proposal, submitted in January 2021, with the floor area, building heights and public benefits indicated in the Granville Loops Policy Plan which was approved in 2010.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
