yeah thats going to be the sales centre, the second phase is on the SW corner, they had applications in for it a while back, must have been approved if sales are going to kick in soon.
yeah thats going to be the sales centre, the second phase is on the SW corner, they had applications in for it a while back, must have been approved if sales are going to kick in soon.
Not approved nor close to being. They are still selling tower 3 and can use it for Brentwood if there isn't a dedicated sales centre there.
Burquitlam Plaza aspiring for Kingsgate Mall longevity status!
At other malls tower development happens at the mall (Brentwood, Lougheed, Metrotown, Richmond Centre)
For these two developments it is relegated to being around the mall.
Morguard seems to lack urgency (capacity?) to redevelop their properties. They also own Coquitlam Centre and haven't gotten up to much yet there either after proposing some development of the site back in 2018. Same story in other cities (eg Bonnie Doon mall in Edmonton) - they have plans that are years old, cities generally giving them the green light, but seem unable to pull the trigger for some reason.
Morguard seems to lack urgency (capacity?) to redevelop their properties. They also own Coquitlam Centre and haven't gotten up to much yet there either after proposing some development of the site back in 2018. Same story in other cities (eg Bonnie Doon mall in Edmonton) - they have plans that are years old, cities generally giving them the green light, but seem unable to pull the trigger for some reason.
Redeveloping something like Brentwood and lougheed is very capital intensive. I doubt Morguard has the capital or even the talent in Vancouver to redevelop a site like coquitlam centre.
Morguard seems to lack urgency (capacity?) to redevelop their properties. They also own Coquitlam Centre and haven't gotten up to much yet there either after proposing some development of the site back in 2018. Same story in other cities (eg Bonnie Doon mall in Edmonton) - they have plans that are years old, cities generally giving them the green light, but seem unable to pull the trigger for some reason.
Not just that - IIRC Coquitlam froze all large-assembly redevelopments (i.e. Sunwood Square, Coquitlam Centre, Pinetree Village) until something like the "Large Lot Land Assembly Plan" or something like that passed. Multiple staff resignations later, the plan hasn't been completed, and the land is frozen in amber.
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