- Updated On:
- June 8, 2023
We are pleased to present this opportunity to acquire a two lot, 21,755 sf medium density apartment development site with the potential to expand another 2 two lots.
The site is located within the recently approved Bainbridge Urban Plan Area, which designates the site for a maximum 2.7 FSR and 3-10 storey development. The Bainbridge Urban Plan area is located at the Sperling skytrain station, and is being led by two large master planned communities developed by Create Properties and Peterson Group: the “Burnaby Lake Village” and “Burnaby Lake Heights”. Both projects combined could produce up to about 26 buildings with a combined total of up to about 8,300 homes. The redevelopments would be completed over multiple phases over a timeline of about 15 years. Burnaby Lake Village would have a mixed-use, live-work neighbourhood with residential strata, market and non-market rental housing, live-work units, retail, offices, childcare, medical services, grocery stores, hospitality uses, and brew pubs, as well as the potential for seniors housing, light manufacturing, and creative industrial uses. A “community gathering hall” could also be situated within a commercial podium along the east-west, pedestrian-oriented, retail/restaurant-lined zone, called the Esplanade, which is oriented to enable optimal access to the SkyTrain station from across the community plan area. The Esplanade — located within the northern area of Burnaby Lake Village — would be bookended by two public plazas, including a plaza next to the SkyTrain station. There will also be a multi-use trail, public spaces, and new landscaping along the Lougheed Highway edge of the redevelopment, underneath the SkyTrain guideway.