A Maillardville property where Vancity once had a credit union branch could soon have residential rentals — with shopping below.
Last month, Coquitlam city council unanimously gave first reading for Catalyst Community Development Society to rezone 1013 and 1025 Brunette Ave. to build an apartment complex with 166 non-market units and commercial at ground level.
A public hearing on the proposal will be held on Monday (July 11) at Coquitlam city hall; the meeting starts at 7 p.m.
If OK’d, the six-storey building would include:
- 17 three-bedroom units
- 18 accessible units
- 16 adaptable units
- Eight employment–living units
And it would bring in $2.1 million in development cost charges for the municipality.
Catalyst Community Development Society is a Vancouver not-for-profit developer, owner/partner and operator of purpose–built housing.
Currently, it has projects in the works with Vancity at 5590 Victoria Dr. (Vancouver); the City of Burnaby (6857–6875 Royal Oak Ave. and 7510 Kingsway Ave.); in Surrey (in partnership with the Semiahmoo House Society, the Semiahmoo Foundation and Peninsula Estates Housing Society); and with the District of Tofino.
Its website states the proposed Coquitlam project is a 99-year land lease with Vancity, costing $56.5 million to construct.
It’s expected to be up by 2025, if approved by council.
“I think this is a fabulous project,” Coun. Chris Wilson told council on June 20.
"There’s so much great stuff in it. We talk about the need for non-market housing, and we’re getting some sprinkled throughout the city, but this will make a huge difference so I’m excited to see it come forward.”
Coun. Steve Kim said he was pleased to see the addition of employment–living and accessible units.
The Vancity credit union branch was on site until 2017; another branch office opened two blocks away.