Burnaby Updates

[djmk]

Originally Posted by Lexus

Willingdon overpass is currently pretty sketchy, there is only a sidewalk, standard width, technically sign indicates you can take HOV lane with a bike, which I do when I go down downhill, if I go uphill, I’ll use sidewalk.

very sketchy.

The combination of HOV, Hwy merging and Costco... as a driver I get confused. As a cyclist, I would imagine this as suicide.

When i commuted by bike, I would of used Gilmour

[officedweller]

Keltic Lists Metrotown Development Site Acquired In 2022 For $145M

https://howardchai.substack.com/p/keltic-development-4444-4488-kingsway-burnaby-listing

[Sheba]

Originally Posted by officedweller

Keltic Lists Metrotown Development Site Acquired In 2022 For $145M

https://howardchai.substack.com/p/keltic-development-4444-4488-kingsway-burnaby-listing

Oh joy... How long until we hear another proposal for the site.

A rezoning application was advanced by Bosa Properties back in 2021 with plans for two mixed-use high-rise towers atop a low-rise commercial podium. The application did not progress to the approval stage, according to City of Burnaby records, and Keltic Development then submitted a new rezoning application in 2023 for a 59-storey mixed-use tower that would include strata, rental, hotel, office, and retail space.

[jollyburger]

Originally Posted by Sheba

Oh joy... How long until we hear another proposal for the site.

It would be more of a miracle if they manage to sell the site.

[Klazu]

Originally Posted by officedweller

Keltic Lists Metrotown Development Site Acquired In 2022 For $145M

https://howardchai.substack.com/p/keltic-development-4444-4488-kingsway-burnaby-listing

The best part:

There is no asking price, but BC Assessment values 4444 and 4488 Kingsway at $15,217,700 and $26,772,000, respectively, for a total valuation of $41,989,7001. The valuation is a decrease from the previous valuation of $58,208,500. Various industry sources have told The Realist in recent months that Keltic overpaid for the site in 2022 and BC Assessment seems to back that up, as the 2023 valuation (dated to July 1, 2022) was $68,291,800, which is half of the price Keltic ended up paying

[idunno]

Location 3 would be ideal!

[idunno]

This'll be great to connect directly between Brentwood Town Centre and the Central Valley Greenway (& BCIT via the MUP over the Willingdon Interchange)

[urbanight93]

i was just thinking to myself about this site yesterday.

This site should have been in consideration for the new Burnaby City Hall, instead of those options to demolish the library or build over the fire station. The location is at the heart of metrotown and, if the purple line were ever to come to fruition, be located near a potential stop at Kingsway/Grange.

Would be curious to see what Keltic's latest plans for this site were (before listing it for sale). I always felt like this site needed to have an office/hotel use.

[jollyburger]

Originally Posted by urbanight93

i was just thinking to myself about this site yesterday.

This site should have been in consideration for the new Burnaby City Hall, instead of those options to demolish the library or build over the fire station. The location is at the heart of metrotown and, if the purple line were ever to come to fruition, be located near a potential stop at Kingsway/Grange.

Would be curious to see what Keltic's latest plans for this site were (before listing it for sale). I always felt like this site needed to have an office/hotel use.

They had this sketch on their website with two towers



https://kelticdevelopment.com/projects/4488-kingsway/

[Spr0ckets]

Originally Posted by urbanight93

i was just thinking to myself about this site yesterday.

This site should have been in consideration for the new Burnaby City Hall, instead of those options to demolish the library or build over the fire station. The location is at the heart of metrotown and, if the purple line were ever to come to fruition, be located near a potential stop at Kingsway/Grange.

Would be curious to see what Keltic's latest plans for this site were (before listing it for sale). I always felt like this site needed to have an office/hotel use.

I'm not sure about the latest plans (......actually, I do have an idea, but I can't share those),...but when Bosa was doing their rezoning, I believe this was one of the images.



from...
https://www.biv.com/news/real-estate/keltic-closes-multimillion-dollar-burnaby-land-deal-8269808


It's actually a really interesting article on how the sale between Bosa and Keltic went down.

Bosa assembled bought the site for $24 Million in 2018 and sold it for a $121 Million profit 4 years later.
Even at the a correct assessment (of closer to $70 Million) they still would have pocketed a healthy $50-ish million profit.

Ironically, Bosa had planned for a hotel or hotel usage in their redevelopment proposal, right before Keltic bought the site and changed it to more office,.......right before the office market collapsed.
Their timing........not that great.

They also paid $300 Million for a Richmond site and project according to that article, which at the time was the largest commercial sale for a site in Metro Vancouver.

I'm guessing they overpaid there as well.

[Sheba]

Originally Posted by urbanight93

i was just thinking to myself about this site yesterday.

This site should have been in consideration for the new Burnaby City Hall, instead of those options to demolish the library or build over the fire station. The location is at the heart of metrotown and, if the purple line were ever to come to fruition, be located near a potential stop at Kingsway/Grange.

Well the Purple Line would have a stop there if it's a BRT line - but not as Skytrain. Skytrain would have a stop at Central / Beresford to connect with the Expo Line, and that's only 600m away from Grange. That would be closer than Patterson to Metrotown, or New West to Columbia stations.

It would be a nice spot for City Hall but then Burnaby would have to buy the site (unlike the other locations they considered).

[ecbin]

Originally Posted by Sheba

It would be a nice spot for City Hall but then Burnaby would have to buy the site (unlike the other locations they considered).

It's almost TOO nice a spot for city hall though but it is a good spot regardless especially with the two golden towers next door that they own. I kinda preferred that the city look at the Maywood location for a new city hall - a bit less attractive of a spot (maybe too unattractive for a city hall) for developers but still plenty accessible.

That said, I'm mostly of the opinion that city halls, when built, should reflect a city's ambitions and vision for the next 100 years so I rather we spend too much rather than too little on them.

[Lexus]

City bought two golden towed, former Metro Vancouver offices. So they already own land and building. The issue is that those buildings require extensive renos. Could be better tear them down and build new City hall there.

[Lexus]

2026, Feb 19

6368 CASSIE AVE
M Residence and Spa

Untitled by Lexus LX 700, on Flickr

[gaviscon]

Solhouse

0221

20260221_101650 by globalbusinesscentre105 H, on Flickr

[gaviscon]

Royal Oak

0220

20260220_085910 by globalbusinesscentre105 H, on Flickr

20260220_085922 by globalbusinesscentre105 H, on Flickr

[gaviscon]

6605-6665 Royal Oak Avenue Burnaby, BC

for sale

https://www.collierscanada.com/en-ca/pro...5-royal-oak-avenue-burnaby-bc/can2018454


M Spa Residences
02-25

Pit looks deeper irl

20260225_095601 by globalbusinesscentre105 H, on Flickr

[SpongeG]

A site that has sat empty for as long as I can think back, many many years, the site is on 10th where McBride ends, a building went up next to this big site a whole back and now the site has been completely cleared of trees, just stumps and tree bits left now. Does anyone know what will be happening there? will it be social housing? or something else?

I think an address ofr the site is 8697 10th Ave and it's on the Burnaby side.

[jollyburger]

Originally Posted by SpongeG

A site that has sat empty for as long as I can think back, many many years, the site is on 10th where McBride ends, a building went up next to this big site a whole back and now the site has been completely cleared of trees, just stumps and tree bits left now. Does anyone know what will be happening there? will it be social housing? or something else?

I think an address ofr the site is 8697 10th Ave and it's on the Burnaby side.

I think the BC Housing project was two blocks up? I think the two empty lots closer to 10th Avenue are 8304 11th Ave and 8303 10th Ave?

Some non-profit developer bought the Parkwood Gardens sites

https://www.vancouverisawesome.com/burna...h-rental-protection-fund-support-9517424

[gaviscon]

Anyone know what's going on here? Address is 6630 McKay Ave

This building had been boarded up and sitting like this for years.

I saw about 5-6 workers this morning who looked like they were gearing up to demolish it

20260225_095952 by globalbusinesscentre105 H, on Flickr

20260225_095906 by globalbusinesscentre105 H, on Flickr