Development Opportunity & Location
London Pacific is pleased to present this exemplary development opportunity, situated logistically in a premium location within southern Burquitlam and a short 8-10 minute walk to the Lougheed Town Centre Skytrain station and commercial amenities.
Currently zoned as RS-1 but designated under the Burquitlam-Lougheed Neighbourhood Plan (BLNP) as Medium Density Apartment Residential (RM-3), this opportunity constitutes a desirable RM-3 assembly in a quiet neighbourhood. The designation permits a maximum Floor Space Ratio (FSR) of 2.4 (7-8 Storey Concrete), or a subsequent 2.3 FSR (6-storey wood-frame).
The prescribed Urban Design Framework for Coquitlam will create a Minor Node at the intersection of Loring Street and Delestre Avenue. Nodes are designed to encourage public gathering and can include elements such as seating/street furniture, public art, and hard-surface areas (paved/bricks) of at least 50%. A Minor Node is approximately 16 square metres.