Tri-Cities Updates

[jollyburger]

Qualex-Landmark defies market, breaks ground on Coquitlam tower

The boutique Vancouver-based developer started excavation on its largest project on May 6 in West Coquitlam, in Metro Vancouver.

Called Ironwood, the project includes a 42-storey concrete condo tower and a second six-storey concrete rental tower at Como Lake Road and North Road.

Now selling with an expected completion date of 2028, Ironwood will have 446 one-, two- and three-bedroom homes ranging from 485 to 1,612 square feet. Ironwood also includes 18 affordable rentals for single mothers and their children through a partnership with the YWCA Metro Vancouver and BC Housing.

Qualex-Landmark was able to move forward on the project by locking in construction pricing about 14 months ago, which is relatively early in the development process with its building contractor Axiom Builders, Beach said.

That is the best approach regardless of market conditions, Beach said. But with current headwinds and a slower condo pre-sale market, it allowed Qualex-Landmark to lock in its major costs and get ahead of the slower market with the sales program well in advance of tariff concerns and inflation risks related to construction.

He said the project, had the firm started the entire development process today, would likely not happen given market and economic conditions. The developer is building Ironwood on a site assembled from seven single-family homes.

Two things need to occur for more projects like this to move forward: construction costs need to ease, and buyer appetite needs to pick up, he said.

"We launched at a great time,” he said. “We've been on the market for . . . just under 10 months, and at the time that we launched, there weren't a lot of projects similar to ours for sale.”

Beach said the project is close to 50 per cent sales. "So yeah, we were able to get our financing — our construction financing commitment — and Axiom is clearing the land.”

https://renx.ca/qualex-landmark-defy-slow-market-break-ground-coquitlam-residential-project

[hollywoodnorth]

not sure if this one was mentioned

Wesbild plans 6-tower Poco Place Metro Vancouver housing development

Vancouver-based developer submits Poco Place rezoning application, unveils plans for 4 phases of construction

https://renx.ca/wesbild-proposes-almost-2000-homes-coquitlam-poco-place-mall

[jollyburger]

BGO Joins Anthem On 2-Acre Coquitlam Rental Project After $22M Purchase

In a press release on Tuesday, BGO said that it will co-own the site, but did not disclose the ownership split. The partnership is the first between Anthem Properties and BGO, which is the US-based real estate arm of Canadian financial services company Sun Life Financial. Anthem will be serving as the development, construction, and property manager for the project.

https://storeys.com/anthem-properties-1184-inlet-coquitlam-bgo/

[officedweller]

Band

Townline Instagram May 27th.
This neighbourhood needs some colour.


https://www.instagram.com/p/DKKgB7pzjTL/?hl=en


https://www.instagram.com/p/DKKgB7pzjTL/?hl=en


https://www.instagram.com/p/DKKgB7pzjTL/?hl=en


https://www.instagram.com/p/DKKgB7pzjTL/?hl=en


https://slre.ca/presales/band-by-townline-west-coquitlam/

[jollyburger]

Coquitlam was fiddling with their land use designations to accommodate the new TOA zones

https://storeys.com/coquitlam-transit-oriented-areas-phase-two/

[vanman]

Originally Posted by officedweller

This neighbourhood needs some colour.

Same could be said about most of our town centres. 90% of everything is varying shades of grey.

[osirisboy]

Why is this? No one wants it

[mcj]

Originally Posted by vanman

Same could be said about most of our town centres. 90% of everything is varying shades of grey.

Originally Posted by osirisboy

Why is this? No one wants it

Because it's the right combination of cheap and inoffensive compared to the alternatives? I'm not a fan either, but the vast majority of build forms in North America post WW2 are equally as bland, if not more so.

[SpongeG]

July 5, 2025

Elmwood
PXL_20250706_013359003~2 by snub_you, on Flickr

Also the Gigi's opened June 24th in the Pavillion for that new development near Coquitlam Centre.

[madog222]

It looks like excavation has begun at the PCI site at 3006-3022 Spring Street next to Moody Centre.

Originally Posted by mcj

Right, yes. Does the ownership of the line and stations not transfer to Translink upon completion and the stations themselves are designed for development above for the most part?

Sorry I missed this! Nope, the line and stations will be owned by the Province.

[mcj]

Originally Posted by madog222

It looks like excavation has begun at the PCI site at 3006-3022 Spring Street next to Moody Centre.

Sorry I missed this! Nope, the line and stations will be owned by the Province.

Thanks! and can't wait for the new pedestrian overpass here, will be nice to go straight to Murray Street without going over the Klahanie connector, or back tracking over Moody St.

[GMD]

Originally Posted by mcj

Thanks! and can't wait for the new pedestrian overpass here, will be nice to go straight to Murray Street without going over the Klahanie connector, or back tracking over Moody St.

Yes, hopefully this project goes up quickly and without any holdups, it will be a big win for the city, the overpass like you say, plus the plaza by the station and a grocery store for Moody Centre will all be big improvements to the area.

[GMD]

Originally Posted by Migrant_Coconut

First phase of Port Moody redevelopment with 2,000 homes moves forward

Phases 1 and 2 of Portwood project are well underway now:

Phase 1:

[IMG]p1 by GM D, on Flickr[/IMG]

Closer view of Phase 1:

[IMG]p1b by GM D, on Flickr[/IMG]

Phase 2:

[IMG]p2 by GM D, on Flickr[/IMG]

The site is cleared for phase 3, but no activity yet:

[IMG]p3 by GM D, on Flickr[/IMG]

Phase 1 is 328 non-market rental units, while phase 2 is 219 condos and phase 3 will be 154 market rentals.

Maybe I am just tired of over-articulated boxes, but the design of these buildings, with relatively clean lines and sloped roofs feels very refreshing to me, especially the market rate phase 2 courtyard building. Hopefully it looks good when finished, for now, I am optimistic.

[hollywoodnorth]

thanks for the post. I have been watching this one as well. if we are lucky it will look and feel like some of the new SFU wood frame buildings that have a Scandinavian vibe to me.

[GMD]

Here's a quick shot of two projects nearing completion in Port Moody at the intersection of Clarke Road, Barnet Highway and St. John's St.

Marcon's 'Hue' (222 condos) is at the bottom of the hill at the corner, with a coloured (in various 'hues') glass balconies, while Bold's more generic 'Anchor' (162 condos in 2 separate buildings), is just up the hill.

bol by GM D, on Flickr

mar2 by GM D, on Flickr

[SpongeG]

Aug 2, 2025. Lodana on Westview in West Coquitlam

PXL_20250802_230651345 by snub_you, on Flickr

[officedweller]

Band

The crane on the short Band tower came down in July:

https://www.instagram.com/p/DML9PxuyJN-/?hl=en

[jollyburger]

Starlight Planning 3 Infill Towers Up To 45 Storeys Near Lougheed Station

Nearly a decade after acquiring the property, Toronto-based real estate investment and asset management firm Starlight Investments has unveiled a plan to add three additional towers to the site — without redeveloping the existing buildings and displacing the existing residents.

The property is known as Lougheed Village and is located at 9500 Erickson Drive, just west of the City of Lougheed (formerly known as Lougheed Town Centre) and the Millennium Line SkyTrain's Lougheed Town Centre Station. Currently occupying the site is two 24-storey high-rise buildings and two eight-storey mid-rise buildings with a grand total of 528 rental units. The site also includes a commercial concourse with several businesses and retailers.

https://storeys.com/starlight-9500-erickson-drive-lougheed-village/

[GMD]

Originally Posted by jollyburger

https://storeys.com/starlight-9500-erickson-drive-lougheed-village/

Man, I remember this one from the initial application a decade ago. I wonder what made them decide the time was right to go ahead now?

[jollyburger]

Originally Posted by GMD

Man, I remember this one from the initial application a decade ago. I wonder what made them decide the time was right to go ahead now?

They just launched a new fund with CIBC. Not sure if that includes any of their existing properties getting redeveloped.

The Fund will launch with an initial cornerstone equity investment of CAD $415 million from investment funds managed by CIBC Asset Management Inc., which will enable the Fund's initial acquisition of $750 million of purpose-built rental apartments. Over time, the evergreen Fund will scale through additional investments from institutional investors, and from accredited individual investors exclusively through a feeder fund to be established and managed by CIBC Asset Management Inc.

Or maybe some new CMHC rental housing financing programs?

https://www.newswire.ca/news-releases/st...e-built-rental-apartments-869536521.html