A rezoning application has been submitted to the City of Coquitlam to redevelop 633 Alderson Avenue and 688 Lougheed Highway — about a 15-minute walk from SkyTrain’s Lougheed Town Centre Station.
The proposal entails the redevelopment of a 2.76-acre, triangular-shaped land assembly at the western side of the intersection of Lougheed Highway, Alderson Avenue, and Hart Street.
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The land assembly is currently occupied by a car dealership and three single-family dwellings.
Local developer Ledingham McAllister’s “Alderson Gate” project — designed by IBI Group — entails a 29-storey condominium tower, a 25-storey condominium and rental tower, a six-storey market condominium building, and a four-storey stacked townhouse building.
Over three phases, there will be a total of 573 homes, including 414 condominium homes and 159 market rental homes.
The condominium unit mix is 105 one-bedroom units with a den, 287 two-bedroom units, and 22 three-bedroom units, while the market rental unit mix is four studios, 80 one-bedroom units, 19 one-bedroom units with a den, 24 two-bedroom units, and 32 three-bedroom units.
Condominium residents will have access to over 4,000 sq. ft. of indoor amenity spaces such as fitness gym rooms, guest rooms, yoga spaces, game rooms, and multi-purpose rooms, as well as close to 9,600 sq. ft. of outdoor amenity spaces. Residents of the rental homes will have 4,720 sq. ft. of separate indoor amenity spaces.
A 21,200-sq-ft internal courtyard for all residents will consist of a water feature, deck areas with seating, open lawn area, and a children’s playground.
On the ground level, a 2,100-sq-ft space with direct access to 2,700 sq. ft. of private outdoor play area will be set aside for a childcare facility with a capacity of up to 37 children.
A pair of miniature public plazas — complete with a water feature and public art — are located along Lougheed Highway.
Underground levels contain 555 vehicle parking stalls and 748 bike parking spaces.
The total floor area is about 481,000 sq. ft. for a floor area ratio density of four times the size of the lot.
If approved, the proponent will provide $8.2 million in development cost levies, $5.6 million in density bonusing, $800,000 in transportation demand measures, and $885,000 in voluntary community amenity contributions.