Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24
The multi-phased Pinnacle Lougheed project by Pinnacle International is set for 9850 Austin Road and 9858-9898 Gatineau Place in Burnaby.On Monday, Burnaby City Council granted final approval for what could become the tallest building not just in Burnaby, but all of British Columbia.
As a result of this, the plan was revised to include four towers instead, with two high-rises planned for Phase One, the northeast parcel; one high-rise in Phase Two, the western parcel directly adjacent to Lougheed Town Centre Station; and one other tower in Phase Three, the southern parcel. The 73-storey tower, located directly south of taller tower, will then deliver 678 units, consisting of zero studio units, 438 one-bedroom units, 188 two-bedroom units, and 52 three-bedroom units.
As part of the project, Pinnacle also requested that the inclusionary rental units it was required to provide under the City's Rental Use Zoning Policy be provided at a different site, 3846 Carrigan Court, located a short distance west of Lougheed Station, where Pinnacle is planning a three-tower development that was also granted final approval by Council on Monday.
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