The Burnaby site near Metropolis at Metrotown mall was sold in 2022 for $50M and will now be redeveloped by OpenForm Properties.
Redevelopment of the residential area immediately behind the Metropolis at Metrotown shopping mall in Burnaby remains steady, with the latest project being a new proposal by Vancouver-basedthat Council will consider on Monday in its first meeting back from summer vacation.
Like much of the Maywood area, the two sites are currently occupied by aging low-rise rental buildings that were originally constructed in 1967 and 1966, respectively, according to BC Assessment records.
Meanwhile, the six-storey rental building will include seven studios, 55 one-bedrooms, and 21 two-bedrooms, for a total of 83 units, in a 1:1 replacement of the 83 units in the existing buildings.OpenForm Properties is proposing that the site be rezoned from RM3 to CD to allow for the proposed density, which will have a total floor space ratio of 5.39 — below the maximum 6.15 allowed for the site.
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