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New Westminster Waterfront Project is Underway with Bosa Development
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(Posted on Aug 29, 2016 at 02:45PM by Michelle Bogle)
After much planning, Bosa Development is moving forward with a multi-tower residential and commercial project in downtown New Westminster on one of the best tracts of undeveloped waterfront real estate in the Lower Mainland.Â
Earlier this year, Bosa Development bought the 1.6-hectare plot at 660 Quayside Drive in New Westminster, B.C. from its owner Larco Investments. Currently, the site is home to an empty parking lot in between Westminster Pier Park and the Fraser River Discovery Centre.
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However, despite its barren landscape, which has been this way for the last 40 years, the plot has amazing potential – one that the city rezoned in 2014 in order to make way for a new master plan site.
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The rezoning now calls for three residential towers ranging in size from 28 to 45 storeys and also offers a mix of land uses including residential, commercial, child care and the provision for a 150-room hotel. However, according to Bosa Development, there are no longer plans to build a hotel.
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In terms of the development’s design and architecture, it is promising some of the best, unobstructed waterfront views in the Lower Mainland and will feature outdoor patios where patrons can soak in the vistas. To date, many high-profile restaurant and retail operators are showing interest in the project.
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And, with interest building, Bosa Development is pushing to bring this project to market within the next 12 months. They are currently working with New Westminster on the plans and will be submitting development permit applications as soon as possible.
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