Burquitlam Lougheed Neighbourhood Plan
London Pacific is a commercial real estate brokerage that specializes in land assembly in Burquitlam Lougheed

Last week the City of Coquitlam hosted its final community information session representing “Phase 3” of the Burquitlam Neighbourhood Plan. The draft & accompanying land use maps, as presented, are the product of a 2.5 year endeavour by the City to plan for Transit-Oriented Development densities.

 

“Densities and building height will be highest in and adjacent to the Burquitlam and Lougheed Neighbourhood Centres, along arterial streets, and rapid and frequent transit routes. Height and density generally transition lower with increased distance from Neighbourhood Centres” – City of Coquitlam.

 

The Draft Plan calls for 620 new duplex, triplex or quadplex (7%), 1500 new Townhouse units (16%), 3500 new low rise units (32%), and 4500 new highrise units (45%) by 2041.

 

Next Steps – Following public consultation staff will refine the draft plan based on public feedback and Plan goals. Staff will then report back to Council on public feedback received and proposed Plan refinements, and bring forward a finalized BLNP for Council consideration of adoption, including a Public Hearing by Spring 2017.

 

At London Pacific we work with property owners in neighbourhoods like Burquitlam Lougheed to advise on how potential changes to land use can affect land value.

 

If you are a resident in Burquitlam and you are interested in understanding how this DRAFT plan could affect your property’s land assembly and redevelopment potential please email us at info@londonpacific.ca. 

 

If you were unable to attend the Information Sessions there is still time to provide feedback until Tuesday February 28th via this Online Survey.