Burnaby city council has now approved five mixed-use towers at the Metrotown mall site, the Burnaby Now reported Tuesday.
All of the buildings are part of the same project and will bring about 2,200 homes onto the market, the newspaper reported. Council’s recent vote in favour of the second phase was unanimous. The first phase was approved in 2019.
The Concord Metrotown development is a joint-venture between Vancouver-based Concord Pacific and Montreal-based Ivanhoé Cambridge.
The project includes two mixed-tenure buildings that stand 49 and 40 storeys, respectively; a 58-storey structure containing strata, market rental and non-market rental units above restaurant and retail spaces; a 60-storey market rental tower and a 47 office/hospitality building.
According to the Burnaby Now, amenities in Phase 2 buildings will include fitness centres, meeting rooms, children’s play areas, wellness spas, work lounges, guest suites and kitchen spaces, along with landscaped rooftops with lawn areas, dog runs, dining facilities, children’s play areas and garden plots for urban agriculture.
Image Credit: Concord Pacific and Ivanhoé Cambridge
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.