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Condo, Development, Rental

Phase One of Concert’s Cottonwood Lands Project to Include Two Towers, 649 Condos & Rental Units

Concert Properties has submitted a development application for the first phase of their 550 Cottonwood Avenue project in the Burquitlam area of Coquitlam.

A master plan for the 6.7 acre site, which is currently improved with 12 walkup apartment buidlings, was originally approved in 2019. It envisions two rental towers, four condo towers, a daycare and amenity building, and park dedication.

The plan for Phase 1 of the project is two towers :

  • a 37-storey tower with 347 market rental units (incl. 54 non-market units)
  • a 30-storey tower with 275 condos;
  • a 2-storey amenity/daycare building;
  • 1.67 FAR (on entire site area – 5.50 FAR max for the site)
  • an extension of Cottonwood Park.
  • $3.6 Million in DCCs
  • $4.8 Million in density bonuses.

Phase one is located in the Northeast corner of the site.

The architect for the project is Rafii Architects.

June 17, 2024by david.taylor@colliers.com
Development

PARC Revises Coquitlam Seniors Project

PARC Retirement Living has submitted a new rezoning application for their proposed seniors highrise at 1015 Austin Avenue in Coquitlam.

A previous application from 2022 granted second and third readings but Council raised some minor concerns about the design of the project.

The site is 24,830 SF and is located in the Austin Heights Neighbour Plan area of Coquitlam.

The current proposal is for a 21-storey high rise with independent living units and below market seniors rental units.

Details include:

  • 154 independent living rental units;
  • 16 below market rental units;
  • a total density of 5.50 FSR;
  • 2,400 SF of ground floor retail space (3 CRUs).

The architect for the project is Francl Architecture.

June 17, 2024by david.taylor@colliers.com
Condo, Development

Condo/Social Housing Project Slated for Broadway & Fraser Site

Wall Financial has submitted their rezoning application for 670 East Broadway, at the Southwest corner of Broadway and Fraser in East Vancouver. It is one of the first applications in the Broadway Plan seeking a mix of condo and social housing instead of rental and below-market rental.

The 20,200 SF site is located in the Mount Pleasant Centre – Area F (MCEF) of the Broadway Plan.

The proposal is to allow for the development of a 17-storey building with a 6-storey podium over 4 levels of underground parking and includes:

  • 137 residential units;
    • 24 social housing units
    • 113 condo units
  • 3,800 SF of retail space on the ground floor;
  • a total density of 6.0 FSR;
  • A building height of 180 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Bingham Hill.

The site was acquired in 2022 for $21,100,000 or $173 per buildable SF.

June 17, 2024by david.taylor@colliers.com
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