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Value Village site redevelopment takes step forward
The transformation of the Value Village site at the corner of Edmonds Street and Kingsway took a step forward, with detailed plans that will be brought to a public hearing on Jan. 28.
Cressey Developments purchased the three-acre site—comprised of 7350 Edmonds St. where the Value Village thrift store sits, and 7338 Kingsway, a triangular piece of land where a one-storey, multi-tenant commercial building is located—in May 2012.
It is applying for a rezoning to allow for construction of a high-density, mixed-use residential and commercial project.
It would consist of three highrise apartment towers, a six-storey office building and a two-storey commercial podium on the almost-triangular site, according to a city staff report.
The office building would be located at the corner of Edmonds and Kingsway, while a 37-storey "feature tower" would be situated closest to that corner as a focal point of the site. A 31-storey "Kingsway tower" would be located at the southeast corner of the site, and a 28-storey "Edmonds tower" would be at the northern corner.
A total of 803 housing units, including 41 adaptable units for people with disabilities, are proposed, the report said. They'll range in size from 522-square-foot studio units to 1,111-square-foot two-bedroom-plus-den units.
"The developer is also proposing a 'flexible three-bedroom option,' whereby any studio unit can be optionally combined with an adjacent two-bedroom unit to create a three-bedroom suite, if there is market demand."
All four buildings would sit on top of a two-storey podium containing almost 150,000 square feet of pedestrian-oriented retail space along Edmonds and Kingsway, the report said. Proposed tenants include a supermarket, fashion store and smaller retail tenants.
All the parking will be located underground, with vehicle access off Edmonds Street and from a driveway off a rear private service road along the east property line.
A pedestrian plaza reflecting the triangular design of the office building is proposed for Kingsway and Edmonds and would include a water feature, public art and seating. Another gathering place with seating for an outdoor cafe and public art is planned for Edmonds and additional public spaces would include landscaped boulevards, street trees and seating.
A landscaped amenity area would also be provided on the commercial podium for the development's residents, including garden plots, a children's play area, an outdoor theatre, patios and a bocce or lawn bowling area.
The developer plans to build the project in two phases, the report said. Phase 1 will include the office building, the feature and Kingsway towers, and the southern portion of the commercial podium including the supermarket, as well as the parking and loading spaces. Phase 2, on the Value Village portion of the site, will include the Edmonds tower, and the rest of the commercial, parking and loading spaces.
The developer will pay for roadway upgrades on Kingsway and Edmonds and in exchange for bonus density, will contribute $14.93 million towards future community amenities.
The public hearing is scheduled for Tuesday, Jan. 28 at 7 p.m. in Burnaby city hall council chambers.