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Development, Land

Keltic Acquires 4 Acre Brentwood Site

Keltic Development has acquired the 4.3 acre Revs Bowling & Entertainment site at 5502 Lougheed Highway in the Brentwood Area of Burnaby for $94,000,000.

The site is improved with a bowling alley but has long been targeted for redevelopment given it’s designation as High Density Residential within the City of Burnaby’s Brentwood Community Plan.

Macdonald Commercial’s marketing brochure from 2021 indicates that the maximum potential density for the site is 8.30 FAR, which could yield over 1.5 Million SF of residential density.

April 2, 2023by david.taylor@colliers.com
Apartment, Condo, Development

Ledingham McAllister Unveils “Straford Wynd” Master Plan in Coquitlam

Ledingham McAllister has submitted their master plan application to the City of Coquitlam for “Stratford Wynd”, an 8.0 acre site in the City Centre area of Coquitlam. The site is currently occupied by a 113-unit rental townhouse development built in the early 1980’s.

The site is designated in the City Centre Area Plan as Medium Density Residential.

LedMac is proposing a medium density residential project with nine buildings in eight phases, including one highrise tower, and several midrise/lowrise buildings. Details include:

  • 1,113 total residential units;
  • 978 condos;
  • 135 rental units;
  • 57 space childcare centre;
  • 2.61 FAR total density;
  • an extension of Kensal Place to Inlet Street;
  • $25 Million in DCCs and CACs.

The architect for the project is IBI Group.

March 31, 2023by david.taylor@colliers.com
Development, Office, Retail

578-Room Hotel Planned for Pender & Richards Site

Marcon has submitted a rezoning application for a site at the Southwest corner of Pender and Richards Streets in Downtown Vancouver.

The site consists of three parcels, a 6-storey parkade at the corner, a 2-storey retail/office building, mid-block on West Pender street, and the Lumbermen’s Building, an 8-storey office and heritage building, to be retained in the new development.

The proposal is to allow for the development of a 32-storey hotel that includes:

  • 578 hotel rooms;
  • 20,000 SF of retail and restaurant space;
  • 44,132 sq. ft. of office space;
  • A total density of 22.81 FSR;
  • A building height of 318 ft.; and
  • 146 vehicle parking spaces and 91 bicycle parking spaces.

The application is being considered under the Downtown Official Development Plan) and Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is Henriquez Partners.

March 3, 2023by david.taylor@colliers.com
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