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Pacific Canada  + Apartments  |  November 7, 2023
The Canada Pension Plan Investment Board has sold a diversified portfolio of 20 limited partnership fund interests in North America to Ardian US$2 billion.
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By: Monte Stewart

Mosaic Plans Mixed-Use Development in Coquitlam

Mosaic Homes plans to construct a mixed-use residential development in Coquitlam’s Town Centre area.

The project will comprise two towers containing 550 apartments for rent and sale, Mosaic said in a news release. The property will also include 12,000 square feet of commercial spaces for retailers, eateries and services, as well as co-working area, fitness studio and outdoor amenity areas.

The residential units will include studio, one-two and three-bedroom suites. The project is located near the Lincoln station on the Millennium rapid-transit line.

Construction is slated to begin in 2024 with completion expected in 2027.

Vancouver-based Mosaic has already begin presale efforts. The company is a leading locale homebuilder focused on designing and building homes throughout the Lower Mainland.

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Inside The Story

Mosaic HomesGeoff Duyker

About Monte Stewart

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.
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