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Apartment, Condo, Development, Retail

539 Units, Two Towers Planned for Burquitlam Site

Townline Homes, in partnership with Quadreal, have submitted their application to the City of Coquitlam for the 1.6 acre site that they own at 675 North Road and 668 Whiting Way in the Burquitlam area. The site is located on the east side of North Road, and is bound by Whiting Way to the east, Shepherd Avenue to the south, and North Road to the west.

The site is currently improved with two older lowrise apartment buildings totaling 593 units. It is located in the Burquitlam-Lougheed Neighbourhood Plan and is designated Transit Village Commercial.

Detail of the proposal include:

  • a 45-storey condo tower & 18-storey rental tower;
  • 385 market condo units;
    • 214 one-bedrooms, 119 two-bedrooms & 52 three-bedrooms;
  • 154 rental units inclusive of 20 below-market rental units;
    • 27 studios, 58 one-bedrooms, 35 two-bedrooms & 14 three-bedrooms;
  • 17,700 SF of retail space (strata retail units);
  • 665 parking spaces;
  • 35,300 SF of common amenity space;
  • tower heights of 470 ft. and 200 ft.;
  • a total density of 6.0 FAR;
  • a new east/west pedestrian connection;
  • $16 Million in bonus density funds & $230,000 in CACs

The architect for the project is Dialog.

The site sold in 2018 for $46,000,000, or $108 per gross buildable SF.

September 27, 2019by david.taylor@colliers.com
Apartment, Condo, Development

Two Towers Proposed for Burquitlam Site

Boffo Developments has submitted their rezoning and development permit application to the City of Coquitlam for a new two-tower high density residential development, entitled ‘Smith and Farrow‘ in Burquitlam. The 1.69 acre site is irregular in shape and located just West of Clarke Road and directly North of The Burquitlam Capital building, completed this year. The site is located 650 ft. from the Burquitlam Skytrain Station.

The site is currently improved with an older 3-storey rental building with 45 units, and two 1970’s lowrise condo buildings totaling 48 units.

The plan for 705-707 North Road is to rezone to permit the development of two residential towers with a total of 482 units under the Burquitlam-Lougheed Neighbourhood Plan. Townhouses will front North Road.

Details of the proposed development include:

  • a 46-storey market condo tower w/ 348 units;
    • 126 one-bedrooms, 176 two-bedrooms & 46 3/4 bedrooms;
  • a 20-storey rental tower w/134 units (including 21 non-market units owned by Vancouver Resource Society);
    • 37 one-bedrooms, 77 two-bedrooms & 20 three-bedrooms;
  • tower heights of 492 ft. and 225 ft.;
  • a total density of 5.50 FAR;
  • 48,000 SF of combined amenity spaces including rooftop pool;
  • 688 parking spaces;
  • $16 Million in density bonus payments & $515,000 voluntary CAC.

The architect for the project is Chris Dikeakos.

Boffo assembled the site in 2017 for $41,620,000 or $89 per buildable SF based on the application.

September 3, 2019by david.taylor@colliers.com
Development, Market Research, Office

Details Emerge for Coquitlam’s Updated City Centre Area Plan

The City of Coquitlam Council will receive a report next week for information and feedback regarding residential density and land use transition approach for the City Centre Area Plan (CCAP) Update. The planning update got underway last year, and it is anticipated that a draft plan will be presented to Council in Summer 2019.

The original CCAP was developed in 2008, and updated with a Transit Oriented Development Strategy in 2012. This update was initiated to capitalize on the Evergreen Line, with an intent to prioritize high density development around the new station areas. The City Centre update projects 24,000 new residents by 2046.

The focus for proposed new residential density will be broadly defined in two separate areas:

Core Area 

The majority of land use changes to the existing 2008 CCAP are proposed around
the Coquitlam Centre and Lincoln Skytrain stations. Currently, the maximum permitted density for all residential and commercial uses under the City Centre Commercial land use designation (C-4 zone) is 6.5 FAR inclusive of density available for affordable housing, with a 0.5 FAR commercial floor space requirement. It is proposed that a maximum FAR of 6.5, inclusive of density available for affordable housing, and a 1.0 commercial FAR requirement be applied in the Commercial Downtown Core until a comprehensive review of the City’s density bonus program is completed. 

The City separately reviewed commercial densities in a discussion paper released last month in which an increase in minimum commercial densities in the City Centre was recommended.

For areas designated as City Centre Commercial outside of the Commercial Downtown Core, the existing 6.5 FAR maximum, inclusive of density available for affordable housing, and 0.5 FAR commercial floor would be maintained.

Shoulder Area

Outside of the Commercial Downtown Core and City Centre Commercial designation, a combination of high and medium density residential rounds out the residential density and land use transition.

High density residential allows up to a 5.5 FAR, inclusive of density available for
affordable housing, under the RM-6 zone without any height limit and the medium density land use allows up to a 2.64 FAR, inclusive of density available for affordable housing, under the RM-3 zone with a height limit up to 8-storeys.

To provide a transition to the adjacent lower density neighbourhoods, site
specific height limits are proposed for high density (20-25 storey) and medium
density (4-6 storey) residential areas. Although proposed residential land use changes are primarily within the CCAP Focus Area, staff recommends a land use change for the area east of Inlet Street and south of Tahsis Avenue from low density apartment residential and townhousing to medium density with a 4-6 storey height limit.

A medium density land use form with a 4-6 storey height limit in this area will serve as a transitional land use between the Commercial Downtown Core and peripheral areas in City Centre and blend into adjacent established, lower density neighbourhoods.

 

A draft plan will be developed with a final round of public consultation and council consideration later this year.

Further detail on the City Center Area Plan update can be viewed on the City of Coquitlam’s website, here: https://www.coquitlam.ca/planning-and-development/resources/special-plans-projects/city-centre-area-plan-update

March 8, 2019by david.taylor@colliers.com
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