Burnaby Updates

[Lexus]

2022, April 20

Between Willingdon and Cassie, north of Maywood

Untitled by Lexus LX570, on Flickr

[Lexus]

2022, April 20

By west of Wilson Ave and north of Central Ave

Untitled by Lexus LX570, on Flickr

Untitled by Lexus LX570, on Flickr

[Lexus]

2022, April 20

Tower looks very close to completed. My Maywood Park

Untitled by Lexus LX570, on Flickr

[Lexus]

I thinks it's a senior housing along 14th Ave near Southgate project.
2022, April 20
only 2 buildings left to complete.

Untitled by Lexus LX570, on Flickr

Untitled by Lexus LX570, on Flickr

Other 3 are completed.

Untitled by Lexus LX570, on Flickr

[Lexus]

2022, April 20

Burnaby's Works yard on Laurel Ave

Untitled by Lexus LX570, on Flickr

[SpongeG]

ah I've been wondering what that was. There are still some spots for those type of industrial/commercial buildings to go up in that area.

[Lexus]

Originally Posted by SpongeG

ah I've been wondering what that was. There are still some spots for those type of industrial/commercial buildings to go up in that area.

That all occupied by COB. I really hope they will build new City Hall Next.

[VancouverOfTheFuture]

Originally Posted by Lexus

That all occupied by COB. I really hope they will build new City Hall Next.

i read there is a plan for a new City Hall. i wonder which parcel it would go on.

[Sheba]

Update - Aoyuan sells Burnaby project and cancels West Side condo development as it defaults on bond payments

One of China’s large real estate companies will not continue with two of its Metro Vancouver development projects after it declared it is short of cash and unable to make some significant financial payments.

Aoyuan International is a wholly-owned subsidiary of the troubled China Aoyuan Group, which is based in Guangzhou and listed on the Hong Kong Stock Exchange. It recently sold a massive Burnaby condo development that has been going through the approval process for $215 million. Earlier, it quietly cancelled an eight-storey luxury building it had been planning on Vancouver’s West Side.

Potential buyers in the market are now wondering about the future of Aoyuan’s third project, One Central in Surrey, which will be a 44-storey, mixed-use building with 550 units that is being touted as one of the city’s tallest residential towers.

Aoyuan International’s general manager for Canada gave no details when asked if the Surrey development could also be up for grabs.

“We’re excited for the topping off of One Central in Surrey this June, and for residents to be moving in (next year),” Fan Yang told Postmedia in a short statement, adding that significant progress was also being made on construction of the first phase of its M2M development in Toronto.

When Aoyuan International bought a vast site near Brentwood Town Centre in Burnaby in 2017, it was the second-most expensive land deal of the year in Metro Vancouver.

That year, it also bought a smaller, but prime spot in South Granville and applied to build an eight-storey building with 40 condos, named The Granville.

...

Aoyuan recently sold the Burnaby site to Anthem Properties Group and KingSett Capital for $215 million. In 2017, it paid $152 million for the 8.3-acre location near Dawson Street and Willingdon Avenue that was zoned industrial. The only sale that year that was larger by dollar amount in Metro Vancouver was the $245 million paid for a 40,000-sq.-ft. site on West Georgia near Coal Harbour.

The Burnaby project, known as Alpha Gardens, was initially planned for four phases and a total of 2,100 market condos, 340 rental units and 60,000-sq.-ft. of commercial space. There were to have been five residential towers.

...

Plans for The Granville were put on hold and then cancelled in the first half of 2021. Beginning last fall, the site was listed for sale. The listing recently was marked online as sold, but when asked to confirm the sale, commercial real estate company Avison Young, which has the listing, said “information about this property wasn’t public at this time.”

...

[Lexus]

Originally Posted by VancouverOfTheFuture

i read there is a plan for a new City Hall. i wonder which parcel it would go on.

They said they wonna do it by skytrain. Metrotown is one of them.
I also heard that it will a long time before it happens.

[officedweller]

Pic by me yesterday from Burnaby Lake:

[Klazu]

It's pretty incredible that the skyline wasn't there only three years ago!

[Spr0ckets]

So much for that NIMBY headwind that this project faced....

The Palm Ave. - Royal Oak BCGEU mixed use residential and office towers project next door to the Skytrain station has been approved.....

https://vancouversun.com/news/local-news/burnaby-approves-affordable-housing


Cheer up NIMBY's.....
Your land and home values are about to get a major boost from this project being built in YOUR backyard.


EDIT :

Sorry but that article wasn't clear.
The vote was to move the project to Third reading and not a full adoption.

It was 6 votes for (including Mayor Hurley's) and two against.

The BurnabyNow site gives a better blow-by-blow...

https://www.burnabynow.com/local-news/ab...osing-affordable-housing-project-5302288

[Sheba]

Originally Posted by Spr0ckets

So much for that NIMBY headwind that this project faced....

The Palm Ave. - Royal Oak BCGEU mixed use residential and office towers project next door to the Skytrain station has been approved.....

I'm kind of surprised (and pleased) that it went through despite the zoning issue. Unless something explosive comes up I think we can pretty safely assume this gets final approval.

[Spr0ckets]

Originally Posted by Sheba

I'm kind of surprised (and pleased) that it went through despite the zoning issue. Unless something explosive comes up I think we can pretty safely assume this gets final approval.

YEs, I myself had feared that the NIMBY petitions and protestations were going to have an effect on possibly enough councilors to block the project altogether, but the margin of the vote seems to suggest that that was an unfounded fear.

From the Mayor's comments it seems like the sweeteners that this project came with were just too much for the city to turn down since you're unlikely to get many developers coming along who will throw at you all these sorts of (much needed) add-ons and goodies.

Barring some seriously unforeseen circumstance, it should get through without much drama.


They all make out great in the end.

The land value with appreciate thanks to this project which is a boon to BCGEU.

The NIMBY's own property values with also rise,....again thanks in part to this project, that they're protesting about (along with others like it coming down the pike that they'll likewise protest against).

And the city gets to add to their housing and affordable housing inventory while getting a child daycare for the area and transit oriented residences.

[SpongeG]

the old Safeway on Kingsway at Royal Oak has now been demolished. does it have something lined up?

[Sheba]

Originally Posted by SpongeG

the old Safeway on Kingsway at Royal Oak has now been demolished. does it have something lined up?

There's nothing on the Major Developments page and a quick google search didn't show anything.

[Spr0ckets]

Originally Posted by SpongeG

the old Safeway on Kingsway at Royal Oak has now been demolished. does it have something lined up?

Originally Posted by Sheba

There's nothing on the Major Developments page and a quick google search didn't show anything.

I don't know about the Old Safeway site, but the site just adjacent and next door to them on the west side was on sale not that long ago, based on this document I found on the net (below).

It was a consolidation of the lots containing the old IHop location, the 7-Eleven right on the corner and the residential lowrises just behind them to their north.

https://dnyhc7e4ce952.cloudfront.net/media/pdfs/brochure_9444ee1571.pdf

It's probably been sold by now, and maybe whatever they're planning for that site might be connected or related. (who knows?)

Also, I believe there was a rezoning and DP application that had been submitted not that long ago for the lot just behind the old Safeway site (again, to the north east on Selma ave.) for a 6 storey residential with ground floor retail.

https://www.burnabynow.com/local-news/74...ed-for-royal-oak-area-in-burnaby-3153840

Perhaps the developers of that project bought the Safeway site and might end up submitting an application to extend that project or doing a sister project of some kind.

If I had to guess, it's going to end up with a 6 storey residential mix of market and rental housing with retail fronting Kingsway.
Seems to be the formula for everything on that side of Royal Oak going all the way down the hill to the Skytrain station (apart from the Palm Ave. project, obviously)

....or......

...... maybe they're just demolishing to mitigate or head off a potential squatter problem and it's going to lie fallow for a while before anyone scoops it up.

[Klazu]

I mourn the loss of IHOP and also the Safeway was great amenity for that end of Metrotown. It had a weird retro feeling but I hope another grocery would open in the area.

[Sheba]

Originally Posted by Klazu

I mourn the loss of IHOP and also the Safeway was great amenity for that end of Metrotown. It had a weird retro feeling but I hope another grocery would open in the area.

You mean like Wholesale Club right next door to Safeway?

Originally Posted by Spr0ckets

If I had to guess, it's going to end up with a 6 storey residential mix of market and rental housing with retail fronting Kingsway.
Seems to be the formula for everything on that side of Royal Oak going all the way down the hill to the Skytrain station (apart from the Palm Ave. project, obviously)

I'm hoping for 6 storeys as all I ever see is 4 storeys - otherwise yeah that's exactly what I see happening. I know some people want there to be a tall tower where the Safeway was but it's not what it's been zoned for (and Burnaby has been fairly loathe to changing zoning). FYI I looked a little further and all I could find was a demolition permit for the Safeway site.

The 7-Eleven site on the other hand... now that could see something taller.