Boffo Developments plans to develop a major high-rise community on the border of Burnaby and Coquitlam.
The development on North Road in Burquitlam will consist of two towers: a 46-storey market condo tower and a 20-storey rental tower.
There will be a total of 482 units; 348 market condos, 134 purpose-built rentals and 21 non-market units.
Eight of the market condominium units will be townhouses fronting onto North Road.
The architecture of the towers by Chris Dikeakos Architects makes use of “strong, vertical fins with horizontal frames to mitigate mass and scale.” The overall colour scheme consists of greys and blues, with distinctive concrete framing elements in a light grey finish.
Residents will have access to 48,000 sq ft. of amenity space, including an outdoor swimming pool, and five levels of underground parking with 688 parking stalls.
Despite the abundant parking, the development is located within 600 metres of the Burquitlam SkyTrain station.
Three buildings will be demolished to make way for the redevelopment; a rental apartment building with 45 units, and two strata condo buildings now owned by Boffo as part of a strata windup.
Boffo indicated in the rezoning application filed with the City of Coquitlam “that it has not and will not market their new homes to overseas investors, and that it focuses on local buyers.”