The redevelopment would deliver approx. 2,400 housing units, including roughly 300 purpose-built rental units, 300 affordable rental units, and strata condos, as well as new office and retail space. EdgarDevelopmnt | realestate realestatenews BC
Aerial view of Columbia Square in New Westminster. , the City believes that “this master plan would facilitate the multi-phased development of a high-density, complete, mixed-use, and transit-oriented community, which is intended to include a variety of housing opportunities, office and retail uses, and community and public spaces.”
The City describes the rezoning application as “preliminary in nature” with various aspects subject to change, but anticipates that the site could accommodate anywhere from six to eight towers. In a press release on Monday, Edgar confirmed that their proposal would consist of eight towers. Edgar says that the Columbia Square redevelopment would deliver approximately 2,400 housing units, including roughly 300 purpose-built rental units, 300 affordable rental units, and strata condominiums.
The redevelopment is expected to replace all of the existing commercial buildings, but the redevelopment would include new retail and office space. According to Edgar, phasing of the redevelopment will minimize the impact to existing retailers in Columbia Square, who will remain during the first phase of construction and then relocate to the new space once ready. Additionally, the City says that it expects a minimum of 120,000 sq. ft of office space as part of the project.
Most, if not all, of the parking and loading space will be provided underground, “allowing the surface to be prioritized for pedestrians and cyclists,” the City says. Edgar also says accessible walkways will be provided throughout the site, bike routes will be connected to the City’s existing route network, and that 50% of the site will be park and open space.
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