Site work and new construction of a mixed-use development in Burnaby, British Columbia. Design plans call for the construction of a 2,100,000-square-foot, 52-story above grade multi-residential development; retail development; and office development.

Develop a land use plan for the future use of the subject lands that meets the collective interests of the partnership. Five buildings, each with podiums, are planned for the site: 33 storeys, 38 storeys, 39 storeys, 50 storeys, and 52 storeys, with the tallest flat iron-like tower situated next to the prominent intersection. The multi-phased redevelopment calls for a total of 2,815 homes, including 1,206 units by BC Housing and 1,609 units by the City of Burnaby. About 62% of the homes (1,739 units) will be rental units, while just over half, 51% (1,439 units), will be considered below-market rental units. Other uses spread across the lower floors of the buildings entail 33,000 sq ft of office space, 84,000 sq ft of retail and restaurant space, and 27,500 sq ft of community service space for non-profit providers. The entire redevelopment would have a total floor area of almost 2.1 million sq ft, including 220,000 sq ft of replacement rental housing, 734,000 sq ft of below-market rental housing, 187,000 sq ft of market rental housing, and 780,000 sq ft of condominium housing. TIMELINE: Preliminary planning is underway. The project advanced to a public hearing in May 2023 and received second reading on June 5, 2023. Work is underway to fulfill requirements in order to advance the project to final adoption in 2024. The conceptual master plan defines the vision and development objectives for the site. Once the rezoning application is completed, upon receipt of submission, site specific rezoning applications are anticipated to be advanced. Construction schedules are unavailable at this time. Further update in late spring 2024. Construction budget is unreleased.