A rezoning application has been submitted to the City of Burnaby for Lougheed Village, a 7.4 acre rental apartment property that is currently improved with two 25-storey concrete high-rise apartment buildings and two 9-storey mid-rise apartment buildings. The site has a total of 528 current rental apartment units.

The property was acquired in December 2015 by Starlight Properties, based in Toronto, for $160 Million. Located within the Lougheed Town Centre Plan area, the property’s value was partially based on the potential to add density, now the subject of a current rezoning application. The rezoning calls to use the RM4s and C1 zones as the basis for a redevelopment that includes four new residential buildings and reconfiguration of some of the existing buildings.

The site fronts Lougheed Highway, but has an address on Erickson Drive.

Details include:

a new 36-storey rental apartment tower (south tower)

a new 22-storey rental apartment tower (north tower)

a new 8-storey rental apartment midrise (“middle lodge”)

a new 3-storey rental townhouse building

demolition of the 2nd storey of existing commercial building

conversion of existing larger penthouse units into 43 new smaller units

creation of new amenity spaces

645 total new rental units

1,173 rental units in total

total density of 3.6 FAR (up from existing 1.88 FAR)

The site sits just one block West of Shape’s large scale mixed-use development “The City of Lougheed” currently in initial stages of development.

If supported at Council, the application will move forward to a more detailed package that would be presented at a public hearing early next year.