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Pinnacle’s Lougheed Mixed-Use Tower Projects Set to Go Higher
Pinnacle International has revised plans for the first phase of the huge Pinnacle Lougheed mixed-use development in Burnaby, B.C., seeking to raise two proposed towers further into the sky.
The updated proposal for the site beside the Lougheed Town Centre SkyTrain station would see one tower rise to 87 storeys from 80 storeys. Meanwhile, the other tower would increase to 77 storeys from 73 storeys. The buildings’ heights would increase marginally because a podium would be lowered. The tallest tower would become the tallest building in Western Canada if built today, according to Daily Hive.
According to a city planning department notice, Pinnacle wants to add 292 market-priced condo units to the first phase while removing commercial office space.
The revised concept replaces most of the originally planned office space with residential and hotel uses in response to ongoing weakness in the recovering office market. The proposed shared podium has been reduced to five storeys from 13 storeys.
The revised proposal also changes the project’s inclusionary-housing strategy as Pinnacle seeks to comply with city policy requiring all new multi-residential projects to contain affordable-housing components. Instead of distributing below-market rental units across multiple phases of Pinnacle Lougheed, the developer now plans to deliver 300 below-market rental homes at a separate nearby site on Carrigan Court, west of Lougheed Highway.
The Carrigan Court site was always part of the mix, but it would now contain all of the below-market rental units.
The remaining 105 units from the original 405-unit rental-housing requirement would be converted to market-rental units.
The full three-phase Pinnacle Lougheed project is slated to include four towers with about 3.4 msf of development, including additional condo, rental-housing, office and hotel spaces.
Pictured: Pinnacle International’s proposed Lougheed project in Burnaby, B.C.
Photo: Pinnacle International
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