Metrotown Mall’s Owner Proposes Construction of 15 Highrises on Site
Historic Proposal: First Residential Towers Planned for Metropolis at Metrotown Site
Source: Vancouver Sun, Burnaby Now
Get Ready for Expansion: Metrotown Set to Grow Significantly!
Exciting plans have been unveiled by Ivanhoe Cambridge, the owner of Burnaby’s prominent shopping center, revealing a proposal to erect 15 towering structures on its sprawling 35-acre site by 2054.
Maxime Allaire, Director of Asset Management Retail at Ivanhoe Cambridge, shared insights into the initial phase, stating, “We’re envisioning 12,000 units across the 15 towers, with 2,000 units earmarked for Burnaby’s inclusionary rental program, ensuring affordability for residents. We anticipate accommodating approximately 20,000 individuals in these residences.”
This groundbreaking initiative marks the inception of the first residential towers on the actual Metropolis at Metrotown site, distinguishing it from surrounding developments constructed by different entities.
While the master plan undergoes refinement in collaboration with the City of Burnaby, Ivanhoe Cambridge has launched a new public engagement platform to solicit feedback on their vision.
“Allaire emphasized, “This master plan establishes our vision for the site, aligning with the city’s downtown plan. However, we’re yet to proceed to the construction phase, awaiting further permits.”
Although specifics regarding tower heights are absent from the online presentation, renderings suggest structures potentially exceeding 60 stories.
Nonetheless, it’s crucial to note that these plans remain conceptual, pending approval and detailed design.
“Allaire clarified, “While the renderings provide a glimpse of our aspirations, discussions with the city are ongoing to refine the proposal.”
Situated between Kingsway, Central Boulevard, Station Street, and Bonsor Avenue, the Metropolis at Metrotown Mall anchors the area, with the new towers slated for construction across seven distinct parcels within the property’s northwest, southwest, southeast, and eastern regions over the next three decades.
The final phase of the redevelopment project will encompass the transformation of the mall itself post-2054, coinciding with the expiration of leases held by key anchor tenants.
During this transitional period, Metrotown will maintain its operational status, welcoming over 20 million visitors annually to explore its array of 341 stores and eateries.
Julie Bourgon, Ivanhoe Cambridge’s Head of Retail, emphasized the mall’s integral role within the community, stating, “Metrotown serves as a hub where individuals converge to shop, socialize, and seek refuge from inclement weather. Our commitment is to uphold these community-centric features.”
In 2017, Burnaby unveiled a comprehensive plan designating Metrotown as the city’s official downtown. Aligning with the Metro Vancouver Regional Growth Strategy, which aims to accommodate an additional 125,000 residents by 2041, Burnaby’s plan positions Metrotown as a focal point for future urban expansion, although specific population targets for the area remain unspecified.
Ivanhoe Cambridge’s development blueprint, as outlined in its online presentation, aims to cultivate a dynamic nucleus of economic vitality, amenities, and public spaces, underpinned by five core values: vibrant retail, access to nature, environmental and social sustainability, embracing the arts, and fostering connections.
Central to the development’s design is an enhanced pedestrian network, fostering a pedestrian-friendly downtown ambiance. The integration of interconnected plazas, green spaces, and four gateway entrances along Kingsway and Central Boulevard will enrich the urban experience.
Additionally, the plan incorporates the creation of a neighborhood park along Sussex Avenue, enhancing the area’s livability and fostering community engagement.
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