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Coquitlam, BC, Development to Contain Residences and Offices
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(Posted on Nov 25, 2018 at 02:37PM by Danielle Smyth)
In Coquitlam, BC, a 95-acre development is planned that is expected to contain 4,700 residential units in 16 to 18 towers. In addition, it should contain employment space for at least 1,500 jobs. Though final numbers are still being negotiated, the developers have previously stated that the space should be about 40,000 square feet.According to the website for the project, this development will also include “16 acres of public park, a state-of-the-art public aquatic and recreation centre, comprehensive pedestrian and bike trails, pier, plaza,†in addition to other fabulous amenities. Though some of this space may turn out to be protected park land rather than usable space, it’s likely that those who make use of the area will have plenty of room to spread out.
According to the city of Coquitlam, several aspects of the project are still under review. They say that Beedie Living, the developer, would need to go through a public review process before anything was finalized.
As numbers and specifics are being worked through and set in stone, it’s a great time for investors to seek information about this project. If you’re interested in learning more about opportunities for investment throughout Canada, reach out to Marcus & Millichap's Vancouver office. One of our experienced commercial real estate advisors will be happy to provide the information you seek.
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