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More towers eyed for Station Square
Two more highrises could soon arise from the rubble of the former Station Square mall site.
Phase 2 of the massive redevelopment of the 12-acre property on Kingsway just behind the Metrotown SkyTrain station, is being proposed for the site where Save-on-Foods used to be as a joint project between Burnaby-based Beedie Development Group and Anthem Properties.
It's planned as two highrise condo towers, 38 and 48 storeys high, with a total of 768 apartments on top of a podium containing commercial and office space, according to a city staff report. All residential parking would be underground while commercial parking would be within an enclosed parkade to be located behind the commercial spaces.
The developers plan to tap into the density bonus provisions and would receive 219,099 square feet of additional floor area which has already been factored into the proposal, the report said. The estimated value of the bonus density is $23.7 million, which city staff are recommending be taken as cash to be put towards a future community amenity.
Of that amount, 80 per cent, or $18.9 million, would go into a fund designated for use in Metrotown Town Centre, while 20 per cent or $4.7 million, would go into a fund for city-wide affordable or special-needs housing initiatives.
The Phase 2 project's address, 4670 Assembly Way, reflects one of the two new streets, along with Silver Avenue—roughly where the north-south roadway separating the parkade and the supermarket was before—that will be incorporated into the redevelopment.
Silver Avenue will be designed as a "high street" with paving across the roadway, no curbs, suspended lighting and smaller boutique-style commercial units at the ground level, the report said.
Phase 2 will also include the "city plaza-city room" element at the corner of Silver and Kingsborough Street, complete with specialized landscaping, outdoor seating, restaurant patios and signature fountain.
And while the master plan had proposed the towers would be a maximum of 35 and 57 storeys, there has been a "modest adjustment" in heights "with the goal of maintaining architectural excellence, while achieving greater efficiencies in the design."
Burnaby council adopted the master plan for the overall project and the rezoning of Phase 1 last year.
Construction is already underway on the first 35-storey tower on Kingsway, on the northeast corner of the site where the Red Robin restaurant used to be. When completed, that will include 269 condo units on top of two floors of offices and retail on the ground floor, including new spaces for Save-on-Foods and the TD Bank branch.
The entire five-phase project will comprise about 1,800 homes when it is completed, expected in 2018 or 2020, depending on market conditions, said Anthem's Greg Zayadi in an interview last year.
The rezoning application will be the subject of a public hearing on Tuesday, Nov. 26 at 7 p.m. in Burnaby city hall council chambers.