Metrotown residential tower could bring $7.3 million to City of Burnaby
The latest in a recent series of highrise proposals for the Metrotown area will be going to public hearing on July 26, Burnaby council decided recently.
The proposal, by Concord Pacific Holdings Ltd., is for a 35-storey residential tower with a three-storey townhouse podium on Nelson Avenue, overlooking Bonsor Recreation Complex and kitty corner from Polygon's 37-storey Chancellor at Metrotown project currently under construction on the old Kal Tire site.
The concept also includes a row of two-storey townhouses on Dunblane Avenue and underground parking to be accessed from the east-west lane, according to a city staff report. The total proposal comprises 292 apartment units and 11 townhouse units.
The site, which will require rezoning, is made up of the north-south lane and eight lots—6566, 6576, 6584 and 6594 Nelson Avenue and 6565, 6575, 6583 and 6593 Dunblane Avenue—which are all vacant and currently zoned RM3 multiple family residential district. The site is designated for high-density apartment development in the Metrotown Town Centre Development Plan.
The developer has committed to building the project to a Leadership in Energy and Environmental Design (LEED) silver standard, the report said.
The project, if approved, would include more than 84,000 square feet of additional floor space through the density bonus program. As the site is not considered suitable for an on-site community amenity, the value of the density bonus, $7.39 million, would be given to the city as a cash-in-lieu contribution.
The money would be deposited into an account designated for amenity projects in the Metrotown area. According to council policy, 20 per cent, or about $1.48 million, of the contribution would be designated for affordable or special needs housing projects anywhere in the city.
As for the final condo development, the city staff report said, the developer will provide 45 two-zone transit passes for two years for residents' use, twice the required amount of secured bicycle parking, 30 electric vehicle plug-in stations and two electric vehicles to be owned, operated and maintained by the future strata corporation.
Common areas for residents will include a lounge, gallery and golf simulator, and outside, a public art installation, water feature and putting green.
The public hearing on the project's rezoning application will be held Tuesday, July 28, 7 p.m. in council chambers at Burnaby city hall.