Quadreal has submitted their formal rezoning application for the redevelopment of the parking lot at Kingsway and Prince Edward Street, adjacent the Mount Saint Josephs Hospital.
The 1.21 acre site was acquired by Quadreal in 2019 for $29,100,000 and is currently a surface parking lot.
The site is located in the Mount Pleasant Centre Area (MCEC) of the Broadway Plan. The MCEC Policy Area permits tower forms up to a maximum height of 25-storeys and a maximum density of 8.5 FSR.
The proposal is for 25-storey and 32-storey buildings with a podium and includes:
542 rental units;
428 market rental;
114 below market rental (20%);
16,000 SF of ground floor retail space;
a 5,000 SF, 37-space private childcare facility;
a total density of 8.50 FSR;
A building height of 269 ft. with additional height for rooftop amenity space;
297 underground parking stalls.
This application is being considered under the Broadway Plan.
The City of Burnaby is seeking Council approval on draft Development Cost Charge (DCC) and Amenity Cost Charge (“ACC”) rates, the latter of which is a new charge being developed by each municipality in Metro Vancouver as a result of new Provincial legislation.
Concurrent with updating their OCP, Burnaby will be re-writing their zoning bylaws to comply with and respond to the recent changes in Provincial legislation, including interim updates to meet the June 30, 2024 deadline for the City to: (1) amend the Zoning Bylaw to permit Small Scale Multi-Unit Housing (SSMUH) on lots currently zoned for single and two family housing; and (2) designate all Transit Oriented Areas (TOAs) within Burnaby that are subject to the minimum TOA density and height requirements prescribed by the Province.
ACCs can be used to collect funds for growth-related facilities or features that provide social, cultural, heritage, recreational or environmental benefits to a community. These include, but are not limited to, recreation and community centres, libraries, and childcare facilities.
City of Burnaby: Proposed DCC & ACC Rates
If Council agrees with the proposed DCC and ACC rates as outlined above, then staff will move forward accordingly; bringing forward a future report with the final recommended DCC and ACC rates for approval at the March 25 Council meeting.
Staff will then forward the DCC Bylaw to the Provincial Inspector of Municipalities for approval. Approval of the Inspector is required for the DCC Bylaw but is not required for the ACC bylaw. The Inspector’s office has indicated that their DCC review process currently takes between 8 to 10 weeks.
Once the City receives Inspector approval of the DCC Bylaw, the DCC Bylaw and ACC Bylaw will be advanced for Final Adoption. The goal is for both the new DCC bylaw and ACC bylaw to be in place before the June 30, 2024 deadline.
