A significant mixed-use redevelopment is planned for the sprawling Burquitlam Plaza property, immediately adjacent to SkyTrain’s Burquitlam Station in Coquitlam.
Development application records with the municipal government note there is a pre-application for rezoning for two lots on the site at 552-568 Clarke Road, indicating an intention to construct six residential towers and commercial podiums.
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Few details are available at this time, but the proposal’s applicant is B&A Planning Group. The developer and architect are unknown.
The eight-acre strip mall was constructed in 1970, and its latest assessed value is approximately $186 million, given its transit-oriented redevelopment potential.
Since the opening of the Millennium Line Evergreen Extension in 2016, the area around Burquitlam Station is quickly sprouting into a hub of high-density residential redevelopment, with thousands of homes within about two dozen towers in various stages of planning and development.
To date, the single largest redevelopment project in the area is by local developer Concert Properties, which is planning approximately 2,700 homes within eight towers up to 50 storeys. This project has two clusters, with one cluster at Burquitlam Park immediately east of Burquitlam Plaza, and a second larger cluster located roughly one block south at Whitgift Gardens.
This includes 1,622 market condominium units, 929 purpose-built market rental units, 132 purpose-built seniors market rental units, and up to 40 below-market units.
Next week, city council is set to vote on its financial contribution towards major community amenities for the area — a 78,000-sq-ft recreation centre operated and co-owned by YMCA of Greater Vancouver, complete with an aquatic centre, fitness gym, daycare, multi-purpose space, studio, and cafe.
There will also be a community policing facility, an underground SkyTrain park-and-ride facility with 107 vehicle parking stalls, and public realm improvements, including rebuilds of Burquitlam Park and Cottonwood Park.
All of these projects carry a combined total cost of $101.1 million, including the $76.5-million YMCA recreational facility. City staff are seeking city council’s approval of a $56.3 million contribution from the municipal government, with the remainder from Concert Properties and YMCA.
Concert Properties’ total community amenity contributions, both in-kind value and cash, for this project are in excess of $100 million.
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