Rize Alliance‘s plan for two condo towers in Metrotown will take another step forward this month. “Gold House” is a 490-unit project consisting of a 41-storey tower and a 26-storey tower over a commercial and townhouse podium.

The 87,505 SF site is located at the corner of Beresford Street and McKay Avenue. The total proposed density is 6.3 FAR. The unit types are mostly studios and 2 bedrooms.

The project also includes 5,181 SF of retail on the ground floor, and 19,799 SF of office space on floors 2-5.

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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

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