A rezoning and development permit application has been submitted by Vanhome Properties to the City of Coquitlam for the development on two separate, 4-lot land assemblies, eight lots in total, on Madore and Dansey Avenues between Guilby and Westview Streets
The OCP designation for the 32,300 SF site is Medium Density Apartment Residential in Burquitlam Lougheed Neighbourhood Plan (BLNP).
The proposal for the combined site includes two 6-storey condo buildings separated by the existing lane. Details include:
Value Group has submitted their rezoning application for a 16,136 SF site that they own at 24 E Broadway & 2520 Ontario Street; at the Southeast corner of the intersection.
The site is currently zoned C-3A. The rezoning proposal would allow for a 12-storey office building at over twice the density permitted in the current zone. The proposal includes:
20,284 SF of retail space;
104,755 SF of office space;
Building height of 148 ft.;
A total density of 7.75 FSR;
6 levels of underground parking, including 230 vehicle parking and 68 bicycle parking.
The application describes the design rationale: “The proposed project is a 12-storey mixed use retail/office building. The ground floor along Broadway is fronted by retail space that reinforces a scale of walking, and shopping with continuous weather protection.
There is also below-grade and above-grade retail space connected to the ground floor by stairs, an elevator, and floor openings to create visual connection with the street and the other levels of retail. On the west of the site, the ground floor is pulled back to allow a seating plaza adjoining a proposed cafe. An on-site public bike share along the Ontario Greenway adds bike capacity adjacent to the Ontario street bike path and pedestrian interest to the corner plaza.
Above the retail base, floors of office are grouped into three distinct ‘blocks’. The lower two blocks are large floor-plate offices which form a podium; rising no taller than eight floors thus avoiding shadowing of the north sidewalk of Broadway from spring to fall equinoxes. Atop the podium, a shared amenity rooftop is open to the building’s office users, and serves as an on-site gym and end-of-trip facilities. Five upper floors of office tower rise above the planted amenity deck.”
This application is being considered under the Metro Core Jobs and Economy Land Use Plan.
Value Group acquired the site in 2017 for $13,250,000, or $106 per buildable SF based on the application. The site is currently improved with an older 3-storey office/retail building.
Bold Properties has submitted a revised application to the City of Port Moody for a seven-lot land assembly they own on Clarke Drive between St. Johns and St. George streets, next to the site of the old Barnet Hotel.
Plans for the 62,000 SF site include two 6-storey buildings entitled ‘Paramount‘. Details:
163 condo units;
one studio, 78 one-bedrooms, 75 two-bedrooms & 10 three-bedrooms;
an overall density of 2.40 FAR;
217 resident parking spaces and 27 visitor spaces;
270 bicycle parking spaces.;
land dedication for an additional northbound travel lane & multi-use pathway on Clarke Road and St. Johns Street;
improvements to the existing trail from the end of St. George Street to Moody Secondary School; and
an affordable housing approach based on BC Housing’s Affordable Home Ownership Program.
The application describes the revised affordable housing proposal:” to offer potential first time home owners who are currently renting, with an option to enter the housing market. However, the City is not being asked to consider any fee waivers as initially requested and as such, it is not involved as a partner. While the details of the revised program are still being developed, Bold has confirmed that there will be a locals-first marketing program, and BC Housing indicated that they would be open to responding to individual situations on an as-needed basis if units need to be vacated before the five-year residency requirement has been satisfied.
Staff will continue to work with Bold and BC Housing to understand all of the program details, but some known issues which require clarity include:
the extent of the price discount in terms of the actual percentage reduction and the number of units to which this would apply. This will ultimately be dependent upon project costs which may not be known until the building permit is issued;
details on how the BC Housing mortgage proceeds will be re-invested back into the City;
how the program will prioritize residents currently renting in Port Moody;
confirmation of the total household income range applicable to each type of unit; and
confirmation that BC Housing will manage the process of selecting eligible households.
In order to reduce project costs and improve the affordability of the project, the applicant has suggested that a reduction in the amount of parking required would reduce the extent of the underground parkade and, therefore, construction costs.”
one level of underground parking providing a total of 48 parking spaces, having vehicular access from the lane.
The application describes the design rationale: “The building forms are simple and elegant while responding to the shape and slope of the site. The volumetric form is broken down by material, textural and colour change to reduce the scale of the massing, create interest and reinforce the overall design concept. Contrasting colours and textures of the exterior materials and finishes are key features to the strength of the proposed modern architectural style while respecting the context.
The building typology is designed to keep with the general language currently found within this part of the Cambie Corridor. The proposed two and three storey building height correlates with the prescribed transition from the mid-rise buildings fronting Cambie Street and W King Edward Avenue to the single-family homes currently located in the neighbourhood.“
Under the site’s existing RM-8A zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
The proposal for the former Topanga site includes a new 4-storey building with residential units above retail. Details include:
16 market rental units;
13 studios and 3 one-bedrooms;
2 retail units totaling 2,700 SF;
a total density of 2.37 FSR;
a building height of 51 ft.; and
all over 1 level of underground service and storage with 3 surface parking spaces and 1 loading space at the rear, having access from the lane.
Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
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
