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Apartment, Condo, Development, Retail

Large Scale Redevelopment Proposed for Port Moody Site

A 2,344 unit residential development has been proposed by Edgar Development for a 23 acre site they own in Port Moody.

The site, known as ‘Woodland Park‘, is located at Cecil Drive and Angela Drive in the College Park neighbourhood on the Western part of Port Moody. The site is currently improved with older lowrise rental apartment buildings totaling 200 units in 19 buildings scattered across the site.

Edgar acquired the site in 2018 for $97,500,000.

The site is designated Multi-Family Residential in the OCP, which permits various building forms from three, up to a maximum of six storeys in height. The site is located outside the Evergreen Line Sub-areas and therefore has not been specifically designated for development forms higher than six storeys.

The OCP and Rezoning Application contemplates a master planned redevelopment with 18 buildings from 4 to 26-storeys in height, that includes:

  • 2,344 total units
  • 2,319 condo units;
  • 325 below market rental units for BC Housing;
  • 10,000 SF of community use space;
  • 5,000 SF of retail space;
  • a total density of 2.15 FAR;
  • neighbourhood park, play area & multi-use path around the perimeter of the property;
  • seven phases to be developed over 16 years.

70% of the site is proposed to be retained as environmentally sensitive areas/green space.

The rezoning application is still in the early stages at the Community Planning Advisory Committee. Input from the committee will determine whether the application moves forward on it’s own, or as part of a larger OCP review for the area.

The proposal would join the Flavelle Oceanfront project as by far the two largest development proposals in Port Moody history.

The architect for the Woodland Park project is Acton Ostry.

February 27, 2020by david.taylor@colliers.com
Development

210-Units Planned for Port Moody Site

An Official Community Plan amendment and rezoning application has been submitted to the City of Port Moody for a new development with two buildings containing a combined total of 210 residential units.

The 1.35 acre site is configured in an “L” shape and consists of six lots located at 3101 & 3103 St. Johns Street, as well as 3104-3112 St. George Street at the corner of Buller Street and just west of Moody Middle School. Each of the subject lots is currently occupied with either a single family home, duplex, or quad-plex.

Details of the proposed development include:

  • 210 total residential units in two buildings (120 & 90 units);
    • 157 condo units;
    • 32 market rental units;
    • 21 below-market rental units;
    • 2 studios, 145 one-bedrooms, 54 two-bedrooms & 9 three bedrooms;
  • 9,331 SF of commercial space (intended for daycare use) on the ground floor;
  • a total density of 2.80 FAR;
  • 306 parking stalls on two underground levels.

The architect for the project is WA Architects.

The site was assembled in 2018 for $21,200,000, or $209 per buildable SF based on the rezoning application.

January 15, 2020by david.taylor@colliers.com
Condo, Development, Retail

117-Unit Project Planned for Port Moody Site

Porte Development  has submitted a rezoning application to the City of Port Moody for two properties with a combined site area of 40,041 SF located at 3227 and 3239 St. Johns Street. The two lots are currently occupied by an automotive shop and an auto dealership.

The application proposes a new 6-storey mixed commercial/residential project comprising:

  • 117 condo units;
    • 68 one-bedrooms, 39 two-bedrooms and 10 three-bedrooms;
  • 10,379 SF of retail space on the ground floor;
  • a total density of 2.80 FAR;
  • 181 underground parking stalls;
  • a total CAC charge of $595,706 ($5.30 per SF)

As part of the project, Porte has proposed an affordable housing program which consists of:

  • a “locals-first” marketing program where Port Moody residents will have an opportunity to purchase a unit before sales are opened to the wider public;
  • a 3% discount to Port Moody community workers
  • a housing agreement to ensure that any future residential strata corporation cannot enact bylaws or regulations that would preclude an owner from renting their unit; and
  • a total of 10 rental units (nine market units and one below-market unit) The proposed below-market unit would be rented for 10% below market rates.

The architect for the project is Integra Architecture.

June 21, 2019by david.taylor@colliers.com
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