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Development

Big Plans for Burnaby’s Woodlands Neighbourhood

Peppered with industrial businesses, Woodlands doesn’t look like Burnaby’s next up-and-coming neighbourhood.

But Concord Pacific and the City of Burnaby have an ambitious plan for the 26-acre area, which lies south of Lougheed Highway, east of Beta Avenue, west of Delta Avenue, and extends south toward the rail line.

Burnaby’s planning and building director Lou Pelletier detailed the site concept in a report presented to council at Monday night’s meeting.

“The hard work that’s been done by staff with the developer and the committee in order to make this what I think is a very innovative plan, and one that reflects the best use of the Brentwood Town Centre, is, I think, extremely important,” Mayor Derek Corrigan said at the meeting. “This is a site that has, I think, provided all of us with a few headaches over the years, but it seems we’ve come to a pretty good resolution, and hopefully the community will agree as they go for their consultation.”

The plan  is divided into six areas: the Lougheed parkway at the north end of the site would include a centre median landscaped with trees, shrubs and ambient lighting, according to the report.

The hillside area would include up to four high-rises ranging from 35 to 55 storeys with the option of townhouses on the southern slope. The plan also includes a grand staircase leading south from Lougheed Highway to Yukon Crescent. The hillside would overlook park space to the south.

Read more: http://www.burnabynow.com/news/big-plans-for-burnaby-s-woodlands-neighbourhood-1.1787557

March 11, 2015by david.taylor@colliers.com
Development

Sears Names Concord Pacific as Developer for Metrotown Property

From CNW – Sears Canada Inc. (TSX: SCC) is announcing today that it has entered into a binding agreement with Concord Pacific Group of Companies (“Concord”) to pursue the development of the Sears site located at the Metropolis at Metrotown in Burnaby, British Columbia.  Closing under the agreement is conditional upon satisfaction of conditions such as site investigations, strategic considerations relating to the project, and obtaining the approval from the City of Burnaby for the project, which is expected to take some time.  On June 7, 2013, Sears announced that it had submitted an application to the City of Burnaby regarding nine acres of the Company’s property on and adjacent to its store at that location.

Sears

In its June 7 announcement, Sears stated it was seeking approval to develop a comprehensive mixed-use project including the construction of a new Sears department store to replace the existing store.  The vision of the redevelopment is a major urban-infill project consisting of seven residential and office high-rises along with ground-level retail. Concord brings its development experience, depth and diversity to the joint arrangement. Concord develops comprehensive multi-phased urban communities across Canada including Concord Pacific Place in Vancouver and CityPlace in Toronto, Canada’s largest and second largest urban communities respectively.

The arrangement contemplates the sale of a 50% interest in the site for a value of approximately $140 million, subject to adjustments, and the retention of Concord on customary terms to manage most facets of the development.  $15 million of the purchase price is to be paid in cash on closing, with the balance represented by an interest-free long term note secured by Concord’s 50% interest in the property, the principal of which is expected to be repaid out of cash flow over time.
Read more at http://www.stockhouse.com/news/press-releases/2013/10/11/sears-canada-names-concord-pacific-as-developer-for-burnaby-metrotown#PPtyC7les5ykvwRf.99
October 15, 2013by david.taylor@colliers.com
Development

Concord Pacific Unveils Plans for 1,300 Units Near B.C. Place

Concord Pacific has unveiled plans for a new neighbourhood of 1,300 condominiums in eight buildings by the northern end of Cambie Bridge near BC Place.

Part of the downtown’s new sports and entertainment district, the neighbourhood is being called False Creek Central.

False Creek Central

The area includes a new $535-million casino, hotel and entertainment complex being built next to BC Place by Paragon Gaming Corp. Last week, Paragon announced it has revamped its proposal for the project, which included no plans to expand gambling. Paragon proposed to relocate Edgewater Casino at its existing size.

The development proposal is significant both in size — as one of the largest in the city’s history — and in meaning, according to architect and planner Michael Geller.

Read more: http://www.vancouversun.com/Concord+Pacific+unveils+massive+Vancouver+development+near+Place/8989658/story.html#ixzz2gfhRS1Im
October 3, 2013by david.taylor@colliers.com
Development

Concord Pacific Initiates Rezoning Process for 26-acre Brentwood Site

Thought Brentwood was already getting big with Shape Properties’ Brentwood Mall redevelopment and Appia’s Solo District? Add another large multi-phase tower project to the mix.

Concord Pacific has initiated a rezoning process for a massive 26-acre site at Lougheed Highway and Beta Avenue. Portions of the site are City-owned properties that will be sold to Concord, and much of the site are designated for high-density and medium-density residential development in the Brentwood Town Centre Plan.

Lougheed and Beta 2

Lougheed & Beta

While still very preliminary, the rezoning application anticipates a multi-phased highrise, mid-rise and low-rise residential development with a commercial component.The plan also includes a dedication of 7.7 acre portion of the property for a new elementary school and neighbourhood park at the Southern end of the property. The site is bordered on the South by the BNSF Railway. Dawson Street would be extended through the site to connect Beta Avenue to Douglas Road.

July 23, 2013by david.taylor@colliers.com
Development

Towers Proposed for Marine Garden Village Site

Concord Pacific has applied to the City of Vancouver to amend the existing CD-1 Zoning for the Marine Garden Site at 445 Southwest Marine Drive, just east of the rapidly changing intersection of Marine Drive and Cambie. Marine GardensThe proposal includes:

  • two residential towers totaling 514 units in 388,000 sq. ft.: one at 27 storeys (235 ft.), with a 7 storey podium, and one at 21 storeys (185 ft.), with a 6 storey podium;
  • 70 units of affordable housing and a 37 space daycare in a 6.5 storey mid-rise;
  • 411 underground parking spaces; and,
  • a density of 4.27 FSR

Marine Gardens_2This project comes on the heels of Marine Gateway by PCI (415 units) and MC2 by Intracorp (443 units). In addition, Wesgroup owns the site at the Northwest corner of Cambie and Marine which could add another 400 units. In total, this intersection could see close to 2,000 new units in under 5 years…

April 3, 2013by david.taylor@colliers.com
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howard__24 Howard Chai @howard__24 ·
5 Mar

Exclusive:

Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.

Full story:

https://howardchai.substack.com/p/shangri-la-vancouver-hyatt-retail-brookfield-aquilini

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vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

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