Coquitlam looks poised to have a second purpose-built rental apartment building in the ever-changing Burquitlam neighbourhood.
At Monday's meeting council approved first three readings of a housing agreement bylaw for the five-storey rental building that will be part of the Bosa Blue Sky Properties development at North Road and Foster Avenue.
The 57 rental units in the five-storey building represent a small portion of the nearly 900 units that are to be part of three highrise towers, ranging from 28 to 37 storeys.
Of those 57 rentals, 13 are slated to become studios while 24 will be one-bedroom units and 20 will be two-bedroom units.
As with the purpose-built rental building that was approved for Charland Avenue, the Foster Avenue housing agreement requires the building to remain as rental apartments, that it not be stratified and that short-term rentals for tourist accommodation or Airbnb purposes be prohibited for less than 30 days.
The building will also have a minimum of 75 parking spaces, of which 64 are for residents and 11 for visitors.
It will be built as part of the development's phase two construction, along with the second tower, at the back of the property on what is currently 525 Foster Ave. The third and final phase will be construction of the third tower and commercial units fronting North Road.
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