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Phase One of Burnaby’s Gilmore Place is Underway
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(Posted on Dec 1, 2016 at 05:10AM by Michelle Bogle)
Onni’s high-density mixed-use retail, office and residential development, known as Gilmore Place, went before the City of Burnaby’s council last week. The 12-acre site, which is located at the intersection of Lougheed Highway and Gilmore Avenue in the Brentwood area of Burnaby, was initially approved earlier this year, but still requires further detailed rezoning applications for each phase of the project.The first phase of the project is currently underway.
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The Gilmore Place represents Burnaby’s largest revitalization and urban growth master-plan, with up to 2.5 million sq. ft. of residential development and 1 million sq. ft. of commercial and retail space, which are pre-leasing now.
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Phase one of the multi-phase project includes:
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• A 64-storey signature tower with 643 units
• A 51-storey tower with 510 units
• A 43-storey tower with 410 units
• 71,498 sq. ft. of residential amenity space above the commercial podium
• 291,652 sq. ft. of commercial space in a large three-storey podium
• Large format, big-box and CRU retail opportunities
• Potential office and educational space on upper levels
• Potential office and educational space on upper levels
• 1,720 parking stalls
• Total density of 6.6 FAR
• Connection to the Gilmore SkyTrain station
• Prime high-density location just 15 minutes to downtown Vancouver by SkyTrain
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Here’s what Onni has to say about the vision of their highly-anticipated master plan:Â
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“Comprised of over 12 acres of land, Gilmore Place is anticipated to feature approximately 500,000 square feet of newly constructed transit-oriented retail space with an inviting communal plaza and an abundance of residential development, directly on-site.
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Surrounded by long-established neighbourhoods and on-site multi-family residential developments, Gilmore Place will offer an architecturally unique, walkable and convenient shopping experience for current and future locals alike. Given the village's strategic and transit-oriented location at Gilmore Avenue and Lougheed Highway, next to Gilmore SkyTrain Station, commuters from the surrounding communities will further augment the demand for Gilmore Place's collection of stores, boutique retailers, and restaurant vendors.Â
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Gilmore Place is poised to be an exciting new shopping destination for all of Metro Vancouver.â€
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To learn more about this high-density mixed-use retail, office and residential development and the investment opportunities that it presents, please contact our Vancouver office to speak with a commercial real estate advisor.
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