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Friday, April 12, 2024

Wesgroup submits rezoning for Coronation Park in Port Moody

Wesgroup Properties has submitted its rezoning application to the City of Port Moody for its Coronation Park development.

The development will provide housing, office, retail, daycare and park space at Ioco Road and Barnet Highway.

Site context of Coronation Park development in Port Moody.
Site context of Coronation Park development in Port Moody.

“We are excited to submit this rezoning application,” says Dean Johnson, vice-president of development at Wesgroup. “It has been a collaborative effort with the city and community partners to deliver a ‘Made in Port Moody’ vision for a well-connected, accessible and carefully considered, transit-oriented community.”

Coronation Park will consist of:

  • Total of 2,587 units (includes 2,486 market strata homes and 101 market rental homes)
  • 29,752 square feet of office space
  • 77,974 square feet of commercial/retail space
  • 9,562 square feet daycare
  • 2.55-acre park to be dedicated to the city
  • 2,000 square feet civic amenity space
Wesgroup Coronation Park
View across Ioco Road.
Wesgroup Coronation Park
Drawing of Wesgroup’s Coronation Park development.
Wesgroup Coronation Park
Drawing of Wesgroup’s Coronation Park development.

This rezoning application follows the Coronation Park OCP Amendment which was approved by Port Moody city council in April 2022. Wesgroup says a new Inclusionary Affordable Housing Policy was also applied to the Coronation Park project on April 19, despite affordable housing having been previously requested to be removed in favour of delivering lower density and community benefits like city park space, a pedestrian overpass and civic amenity space.

“We are committed to working with Council and with funding partners on the affordable housing component but would also like the city to acknowledge that there is flexibility within the new Inclusionary Affordable Housing policy for unique projects like Coronation Park that add significant public benefits,” adds Johnson.

Wesgroup says it will work with the city to undertake a new third-party analysis to review the project and the “potential financial hardship that would be incurred by adhering to this new policy.”

The developer hopes to bring the project back before city council before the end of the year.

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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