Proposed Land Use
City of Coquitlam is currently revising the Burquitlam/Lougheed Neighborhood Plan. Based on discussions with City, the proposed land use is a mixed-use development up to 6-8 storeys with a recommended base density of 2.0-2.5 FSR. Final draft plan to be presented in Fall 2016 with final adoption expected in early 2017.
• Within a 15-minute walk of the Lougheed Town Centre SkyTrain station
• Potential to assemble the neighbouring property in the future for a large mixed-use development
• Centrally located within close proximity to the Lougheed Town Centre
• Potential to develop up to 6-8 storeys with a recommended base density of 2.0-2.5 FSR, subject to the adoption of the revised Burquitlam-Lougheed neighbourhood plan
The Property is located in the Lower Lougheed neighbourhood of Burquitlam Centre, just east of Burnaby and north of Highway #1. With close proximity to rapid transit and an abundance of shopping and restaurant options, this location offers both convenience and a sense of community. The immediate area is changing rapidly and fast becoming one of the most up and coming neighbourhoods in the Lower Mainland.
Located along Lougheed Highway, a major east-west connection from Vancouver to outlying regions, the area is centrally located and accessible to all municipalities in Greater Vancouver. Simon Fraser University is also located a 10-minute drive away.
With an abundance of public amenities such as parks, community centres, child care facilities, shopping, and recreational pursuits, the location offers the opportunity to buy a strategic holding property for future assembly and redevelopment.