A 25-storey residential tower is on the books for a Coquitlam neighbourhood that’s been growing rapidly since a plan was adopted for the area two years ago.
Developer Ledingham McAllister wants to change the zoning on three vacant lots at 1155 and 1159 Pipeline Rd. and 1110 Inlet St. for the 205-unit tower.
Last night (Monday), council unanimously gave the bid first reading to move it to a public hearing on July 25 at city hall; the meeting starts at 7 p.m.
According to a report from Andrew Merrill, Coquitlam’s director of development services, the proposed high-rise would be made up of:
- 147 market condos
- 50 purpose–built market rentals
- 9 below–market rentals
If OK’d, the building — close to two SkyTrain stations — would have 224 parking stalls of which 193 spots would have infrastructure to charge electric vehicles.
And there would be nearly 13,000 sq. ft. of common amenity space, he wrote.
As well, 35 trees would come down for the underground parkade; however, 39 replacement trees would be planted.
Asked by Coun. Chris Wilson about the child care allocation, Merrill said the planned development is expected to have about 41 kids. The company is set provide $173,000 to make up for another 11 child care spaces that are required in the newly adopted Child Care Partnership Strategy.
In addition, if the proposal is green-lighted, the municipality would also take in:
- $2,950,000 in development cost charges
- $4,490,000 in density bonus (including $590,000 toward the Affordable Housing Reserve Fund)
- $220,000 in community amenity contributions
- $230,000 for Transportation Demand Management
Meanwhile, the project has already generated some concerns from neighbours about density increases, visual impacts and loss of trees, Merrill wrote in his report.
The Ledingham McAllister application comes as Pipeline Road takes shape under the recently adopted City Centre Area Plan (CCAP) and as Metro Vancouver prepares to dig up the street for a massive watermain project that’s due to start this fall.
Currently, a 25-storey tower with 202 units is underway at 1175 Pipeline Rd.; at 1160 Inlet St., three six-storey buildings with 286 market condos is also in a city review.
Under the CCAP, the tower height maximum is 25 storeys for that part of Pipeline Road.