While it’s still a few votes away from shovels in the ground, a development that would bring 744 new units to Burquitlam-Lougheed took a major step forward Tuesday evening.
Coquitlam council unanimously voted to give first reading to a development that includes a 42-storey condo highrise, a 16-storey condo tower, and a pair of six-storey rental buildings.
Located on the 600-blocks of Claremont Street and Gardena Drive, the project spans 12 lots over approximately 2.24 acres.
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While he dubbed the project a “great development,” in part due to the inclusion of market and below-market rental, Coun. Chris Wilson underlined the importance of including some non-market housing.
“What we really need in our community is for these kinds of projects to include two or three non-market units so that we can slowly transition people out of homeless shelters into permanent housing.,” Wilson said.
- Market condo units: 526
- Market rental units: 189
- Below-market rental units: 29
The project’s 77 three-bedroom units are set to be divided between 54 strata and 23 rental units.
Floor area ratio: 5.5 (floor area ratio measures a project’s total floor space against its lot size)
Parking spots: 808 (all underground)
A new road would divide the project between north and south sites. The area’s topography slopes approximately 10 metres from the southeast to northwest corner.
Four months after a development sign was put on the property this spring, city staff have yet to receive any comments on the proposal, according to a city staff report.
Cash on the table
If the project is approved, the developer would be on the hook for approximately $25.3 million, including a $15 million density bonus.
Council voted to send the project to public hearing following a brief discussion from council.