120-Unit Tower Planned for Metrotown Site

SVM Homes has applied to the City of Burnaby to develop a 24-
storey condo and rental tower at 4330 Maywood Street, currently the site of an older 27-unit rental complex.

The 19,000 SF site is located within the Maywood neighbourhood of the Metrotown, which designates the site RM4s and RM4r Multiple Family Residential Districts. C2 Community Commercial District is also included given the site’s proximity to Maywood Park. Rental replacement units are also required.

The project is a 24-storey tower that includes:

• 91 condo units;
• 28 non-market rental units;
• 1 market rental units;
• 13,229 SF of retail space at grade;
• 146 underground parking spaces;
• a total density of 6.27 FAR.

The architect for the project is GBL Architects.

The site sold for $13,500,000 in 2018, or $153 per buildable SF market condo density based on the application.