Further refined details of Wesgroup’s proposal to redevelop a 14.8-acre site located in Port Moody show tower heights of up to 40 storeys.
Earlier this year, the developer submitted a pre-application rezoning inquiry to the municipal government indicating its interest to redevelop 57 single-family homes into a high-density project, with the vast majority of the low-density residential properties either under their ownership or under offer as part of a land assembly process.
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Coronation Park, the name of the project, is located adjacent to SkyTrain’s Inlet Centre Station, right on the easternmost edge of Port Moody, next to Coquitlam.
The proposal is currently in the early stage of seeking an amendment to the official community plan (OCP). Based on public consultation materials released this week, they are seeking to build five towers — three 40-storey towers and two 37-storey towers — and a number of low- to mid-rise buildings ranging between four storeys and 10 storeys.
The latest concept features one less tower than the pre-application rezoning inquiry, with the density redistributed to the remaining buildings.
Additionally, a reconfiguration of the master plan with taller heights reduces the building footprint to allow for a 1.5-acre park, which is 50% larger than what is previously proposed and required by the existing OCP. This does not include other public and semi-public spaces across the redevelopment.
There will be nearly 3,000 homes, including 2,770 condominium homes and 175 below-market rental homes.
A minor neighbourhood-serving commercial component of 10,000 sq. ft. of retail and restaurant space is proposed, along with an 8,000-sq-ft childcare facility with a capacity for between 75 and 100 children.
The proposed floor space ratio density is 4.53 times the size of the lot, which has a 100-ft drop in grade between Balmoral Drive to the east and Ioco Road to the west. The project’s design firm is Ciccozzi Architecture.
If all goes as planned, the developer is aiming to submit its rezoning application in Winter 2021 for city council’s final consideration by the end of 2022.
This is the latest neighbourhood-sized redevelopment for Port Moody, one of the region’s smallest municipalities in terms of both land area and population.
In 2018, the municipal government approved the 34-acre Flavelle sawmill redevelopment, which will create a waterfront district with 3.6 million sq. ft. of floor area, including 3,400 homes and a mix of office, artist, creative light industrial, retail, and restaurant space for 1,000 jobs. Dozens of towers will reach up to 38 storeys.
This past winter, the city received an application to redevelop Woodland Park at 1030-1190 Cecile Drive into over 2,300 homes, within 18 buildings up to 26 storeys.
And in July 2020, a consortium of some of the region’s largest developers and TransLink submitted an OCP amendment application for a high-density, mixed-use redevelopment on 23 acres surrounding SkyTrain’s Moody Centre Station. There could be as many as 4,135 new homes, plus ample retail, office, and creative industrial space employing about 2,000 people.
Port Moody’s current population is about 35,000, but all three projects combined could lead to an almost doubling of the number of city residents. As well, the employment space generated by the Flavelle sawmill and Moody Centre Station precinct redevelopments could increase Port Moody’s total job supply by about 40%.