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Development, Retail

Long-Vacant Lot in Coquitlam to be Redeveloped

A controversial piece of property in central Coquitlam that’s sat vacant for years will get a new lease on life, in a move that was widely opposed at a public hearing Monday.The property is located at 1649 Como Lake Ave., directly west of the Chevron station at the intersection with Poirier Street.

1649 Como Lake_2

The proponent, represented by Tideway Developments, wants to consolidate two lots at 1649 and 1665 Como Lake Ave. to make way for a one-storey, 6,600-square-foot development encompassing four businesses.

What those businesses will look like remains unclear, as the developers are still seeking interested parties. The city’s zoning policy allows only for businesses like a grocery store, specialty food retailer, flower shop or seasonal Christmas tree stand.

1649 Como Lake

The rezoning was endorsed unanimously, despite a handful of residents at the public hearing citing concerns around increased traffic, crime and vandalism, a loss of property values, and the belief that commercial units don’t belong in the neighbourhood.

Read more: http://www.thenownews.com/news/long-vacant-lot-in-coquitlam-to-be-redeveloped-1.1077604

May 28, 2014by david.taylor@colliers.com
Market Research

Market Spotlight: North Vancouver Residential Stats

Here is a snapshot of benchmark pricing for single family, townhomes and condos in North Vancouver as of May 2014.

North Van HPI)May 2014Source: REBGV

May 27, 2014by david.taylor@colliers.com
Development

Plans for 48-acre Southgate Neighbourhood Taking Shape

Plans are coming together for the Southgate neighbourhood, the 48-acre Safeway distribution centre that was sold to Ledingham McAllister in 2012. The City of Burnaby has been working through a draft plan since last year and has now released a concept for the site.

Overall Site Plan

Overall Site Plan

The preliminary plan includes the following:

  • A gross density of 2.8 FAR
  • 5.8 Million SF of Market Residential
  • 200,000 SF of Commercial Space
  • Approx. 20 towers up to 46-storeys in height
  • 15-20 year build-out
Tower Heights

Tower Heights

Southgate 2

May 26, 2014by david.taylor@colliers.com
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