SHAPE Properties Unveils Phase Two Of Lougheed Master Plan

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SHAPE Properties Unveils Phase Two Of Lougheed Master Plan
Shape PropertiesDevelopment
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Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24

The City of Lougheed master-planned community by SHAPE Properties is being developed at 9855 Austin Road in Burnaby, near the border with Coquitlam.has been working on its City of Lougheed master-planned community. With multiple towers already completed, the project is now progressing to Phase Two, which is set to be considered by Council later this month.

For Phase 2A, SHAPE has proposed a 43-storey building with 236 studio units, 240 one-bedroom units, 158 two-bedroom units, and zero three-bedroom units, for a total of 634 rental units, 133 of which will be provided at rates that are 20% below CMHC median rates. The housing component would sit atop a two-level commercial podium with just under 39,000 sq.

Different perspectives of the three Phase Two buildings at City of Lougheed. / Arcadis, SHAPE Properties "At the heart of the proposed development is an expansive transit plaza & pedestrian spine designed to serve as a social focus for the community," said SHAPE and its architect on the project,, in its rezoning application. "This space is pedestrian oriented and thoughtfully designed to seamlessly connect to the transit station, Austin, the existing mall and all the eventual districts that will develop around it.

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