I haven't heard much lately. But I found this about the property from 2009.
https://www.newwestcity.ca/council_minutes/0831_Aug31/CW/Reports/CW%20Request%20Coquitlam.pdf
Coquitlam was looking ar 2200 units of housing plus 160,000 sq ft of office space and commerical and community use on the 27 acre site at 225 North Road. New West was against it basically.