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Apartment, Condo, Development, Office, Retail

High-Density Mixed Use Redevelopment Proposed for 5000 Kingsway

McCarthy Properties have submitted a Master Plan Concept to the City of Burnaby for the redevelopment of McCarthy Plaza, a full city block property on Kingsway in the Metrotown area.

The 3.83 acre site is comprised of four parcels, occupied with a number of older lowrise retail and medical/office buildings, collectively known as the Plaza 5000 complex.

The McCarthy Plaza site is located within the Metro Downtown Neighbourhood of the Metrotown Downtown Plan area which designates site for high-density mixed-use residential development under the RM5s Multiple Family, RM5r Multiple Family Residential District, and C3 General Commercial Districts.

The preliminary concept includes three mixed use towers above podiums to be built in four phases, as well as a new North-South public street “McCarthy Way”. The overall project will include approx. 1.8 Million SF.

Phase 1 includes a 70-storey signature landmark tower that includes:

  • 820,000 SF;
  • 425,000 SF of residential including 160,000 SF of rental in the lowrise.
  • 500 total residential units;
  • retail and office space;
  • substantial amenity space including daycare space, meeting spaces; gardens, bowling alley, fitness centre, basketball court and first nations art gallery.

The second and third phase anticipate a 54-storey mixed-use tower, and a 45-51 storey tower respectively. Phase 3 includes options for residential or commercial uses. Phase 4 includes a smaller lowrise commercial building.

The formal rezoning application for the project is expected in early 2023 and will include concurrent applications for the overall master plan and Phase 1 of the project.

The architect for the project is Dialog.

December 7, 2022by david.taylor@colliers.com
Apartment, Condo, Development, Office

High Density Mixed Use Plan Envisioned for Lougheed & Willingdon Corner

Bosa Developments got the ball rolling this week on a conceptual high-density mixed use development at the Northwest corner of Lougheed and Willingdon in the Brentwood Town Centre area of Burnaby.

The “Brentwood West” site is approximately 3.27 acres (142,542 sq. ft.) in size and is comprised of seven individual parcels. One of the parcels (4488 Halifax Street) is vacant, three parcels (4430 Halifax Street, and 1801, 1925 Willingdon Avenue) are occupied by older low-rise office buildings, two parcels (both addressed 4461 Lougheed Highway) are occupied by older low-rise retail uses, and one parcel (1967 Willingdon) is occupied by a Petro Canada gas station.

The sites require a Community Plan Amendment and Conceptual Master Plan. Bosa owns the three parcels located at 4430, 4488 Halifax Street, and 1801 Willingdon Avenue. The remaining parcels are currently held by three separate owners.

The preliminary concept is a transit integrated mixed-use employment and commercial gateway into the Brentwood
Town Centre. The site is envisioned to be developed in four main phases, each having a unique identity and relationship within the site. It is anticipated that each phase would be brought forward as a single, or related grouping of site specific rezoning applications.

Upon completion, the approximately 3.27 acres (142,542 sq. ft.) site is envisioned to accommodate four mixed-use residential and commercial towers, two new public open spaces, a new street linking Buchannan Street to Lougheed Highway, and a range of public realm and infrastructure upgrades, including the achievement of the Town Centre Street Standards along the development frontages.

Phase 1 – Bosa owned sites at 4430-4488 Halifax Street – single condo tower over retail, with 6-storey non-market rental podium

Phase 2 – Bosa owned corner of Willingdon & Halifax – “signature” rental tower, with office & retail podium

Phase 3 – Corner of Lougheed & Willingdon – “landmark” condo & rental tower, with office & retail podium

Phase 4 – 1925 Willingdon – condo & non-market rental tower over, with office & retail podium

The overall permitted maximum density is 14.3 FAR, as per the following:

February 6, 2022by david.taylor@colliers.com
Apartment, Condo, Development, Retail

Polygon Proposing 8 Towers, 2,600 Units for Former Coquitlam School Site

Polygon has submitted their formal development application for the former Coronation Park Elementary School site that they own on the Western border of Coquitlam, adjacent Port Moody’s municipal boundary.

Polygon acquired the 10-acre site, which includes the former school and an assembly of 7 adjacent single family lots to the South, in 2016. It is designated for high density residential use in the City of Coquitlam’s City Centre Area Plan.

The site is directly East of another major master plan community in the works by Wesgroup, at Coronation Park on the Port Moody side. The site is about 350 metres from Inlet Centre Station.

Polygon’s preliminary proposal for the site includes eight towers in a multi-phased and predominantly residential development. Details of the overall plan include:

  • Up to 8 project phases;
  • 6 condo towers and 2 market rental towers ranging from approx. 30-50 storeys in height;
  • 2,558 total residential units;
    • 1,968 condos;
    • 590 rental units including 98 units below market;
  • a total density of 5.22 FAR;
  • a one acre public park in the Northwest corner of the site;
  • a new north/south road that connects Barnet Highway to Palmer Avenue;
  • 3,600 sq ft of retail space in Phase 1;
  • a 24,000 sq. ft. standalone amenity building;
  • a 6,000 sq. ft. childcare facility (capacity for approximately 37 children) in Phase 4.

The estimated full build out date for the project is 2038.

The application could proceed for consideration of First Reading by council sometime in mid-2022 and may include refinement related to the location of the daycare and the amount of rental housing.

October 22, 2021by david.taylor@colliers.com
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