Ledingham McAllister has submitted a rezoning and development permit application for 520 Cottonwood Avenue, at the corner of Cottonwood and Whiting Way. The 39,000 SF site is located in the rapidly developing Burquitlam area of Coquitlam. The site is currently improved with an older lowrise strata building which has sold. T
The application proposes to rezone the subject site from RM-2 Three Storey Medium Density Apartment Residential Zone to Comprehensive Development (CD-10), based on the Multi-Storey High Density Apartment Residential Zone (RM-6) per the Burquitlam Lougheed Neigbourhood Plan.
Details of the proposal, entitled “Precidia” include:
- 176 market condo units;
- 60 one-bedrooms, 98 two-bedrooms and 18 three-bedrooms;
- 65 market rental units;
- 5 studios, 32 one-bedrooms, 17 two-bedrooms & 11 three bedrooms;
- 10 non-market rental units;
- 2 studios, 5 one-bedrooms and 3 two-bedrooms;
- 13,000 SF of amenity space;
- a total density of 5.50 FAR;
- a total building height of 305 ft;
- 310 parking spaces.
The architect for the project is IBI Group.
Ledingham acquired the site in June 2018 for $22,500,000, or $105 per gross buildable SF.