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Proposal to redevelop Poco Place shopping centre, which is located at 2755 Lougheed Highway
The Poco Place property is a transit-oriented development site directly served by the Westwood Street bus stops for the R3 Lougheed Highway RapidBus. It is also a 15-minute walk from SkyTrain’s Lincoln Station or a 20-minute walk from SkyTrain’s Coquitlam Centre Station.
According to the developer, this would be Port Coquitlam’s first-ever “transit-oriented, high-rise development.” The property is on the geographic fringes of Port Coquitlam but is immediately adjacent to the core of Coquitlam’s designated city centre area — within the realm of influence of the adjacent municipality’s emerging downtown and next to their future high-density redevelopments.
02-12-2024 -
Six towers at PoCo Place mall at Lougheed Highway and Westwood Street
A well-known builder in Coquitlam’s Westwood Plateau and Burke Mountain neighbourhoods plans to construct six towers at a key intersection in Port Coquitlam.
Today, Dec. 2, Wesbild announced it had applied to rezone PoCo Place — the strip mall at Lougheed Highway and Westwood Street — for a master-planned community with nearly 2,000 homes as well as retail space.
Lilian Arishenkoff, the company’s senior vice president, told theTri-City Newsthat Wesbild purchased the property earlier this year and has started consultations with PoCo staff, current business tenants and surrounding homeowners about the bid.
02-12-2024 -
Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts
The Canadian real estate market may be a far cry from what it once was (and where stakeholders need it to be), but there are glimmers of positivity to speak of. In a report from last Wednesday discussing the factors putting downward pressure on rents, RBC Economist Rachel Battaglia wrote that rental construction is having a “renaissance” that’s resulting in an uptrend in supply.
“[…] rental completions have ramped up significantly in recent quarters as construction projects that started some time ago reach the finish line,” Battaglia said. “The number of purpose-built units started nearly quadrupled in the past decade, accelerating significantly since 2018 after the introduction of various government incentives.”
02-12-2024 -
The housing priorities grant program will help expedite the construction of 220 affordable rental homes
A total of $10 million will be set aside with the target of expediting the construction of 220 affordable rental homes. The staff report proposed a launch date for Jan. 27, after they've reached out to the development community.
The housing grant program will have two main funding streams – one for non-profit organizations and another for for-profit organizations.
“I think these steps are in the right direction,” said Coun. Bill McNulty during the council meeting.
The first main funding stream for non-profits or cooperatives is also separated into two smaller streams.
29-11-2024 -
Squamish Nation's Senakw rental housing complex
Sen̓áḵw is the largest First Nations residential development partnership in Canada’s history. The project will create over 6,000 homes at our village site in the heart of the area known today as Vancouver — bringing desperately needed rental housing to the city.
One central misconception we often hear is that we were “given” the land at Kitsilano Reserve No. 6. People say the land “did not cost us anything,” implying that we are somehow now developing “free” land.
This belief is deeply ironic, given that Vancouver is built on land taken from First Nations through coercion and land theft, with early settlers paying lower prices than they would have paid their white counterparts or, in many cases, paying nothing at all.
29-11-2024 -
Few places anywhere are seeing the kinds of investment in luxury being poured into the Los Cabos region.
By the 1990s, however, the town’s evolution into a global party destination was in full swing, and it may have continued in that direction if it had been left unchecked.
“We’ve had different hiatuses over the years,” Diana Gutierrez of the Los Cabos Tourism Board tells me. “The pandemic, of course, was difficult, but even before that, in 2008 we had the recession, and in 2014 we had Hurricane Odile. Then again, the insurance money from that allowed a lot of hotels to remodel and upgrade, and that led to the luxury developments we’re seeing now.”
Indeed, few places on Earth are seeing the kinds of investment in luxury being poured into the Los Cabos region, which encompasses Cabo San Lucas and the more sedate San José del Cabo, two towns linked by a 33-kilometre tourist corridor.
28-11-2024
