On Monday, Coquitlam City Council advanced a new rezoning application by StreetSide Advancement, a subsidiary of Qualico, for a brand-new high-rise tower in the Burquitlam area of Coquitlam.The website of the job is 602, 606, 610 Tyndall Street and 605, 611, 615 Claremont Street: A 1.1-acre land assembly consisting of three single-family lots on Claremont Street and 3 single-family lots on Tyndall Street, on the northern side of Como Lake Opportunity near the intersection with Clarke Road.The land assembly was gotten by StreetSide Developments in
Q2 2022 for a total of $20,832,000 in a sale brokered by Morgan Iannone and Casey Weeks of Colliers, and is now held under StreetSide Developments (BC )Ltd. The eight-lot land assembly instantly adjacent to the north was likewise offered in 2022, for$12,072,553, and is the site of Komo by Strand Development.BC Assessment values the particular parcels of StreetSide’s land assembly at $2,338,000, $1,650,000,$1,859,000,$1,969,000,$1,553,000, and $1,655,000, for a total examined worth of $11,024,000 dated to July 1, 2025. For the website, StreetSide Developments is seeking to rezone the website from RS-1(One-Family Residential)to CD-51(Comprehensive Development Zone)and is proposing a 35-storey condominium tower that would sit at the eastern half of the website, at the corner of Claremont and Como Lake Opportunity. The apartment tower would include zero studio units, 204 one-bedroom units, 101 two-bedroom units, and 34 three-bedroom systems, for an overall of 339 units.During a brief 10-minute conversation about the application on Monday, Coquitlam City Council raised some concerns about the a great deal of one-bedroom units relative to two-bedroom systems, but acknowledged that StreetSide’s proposition complies with City policy regarding family-sized systems so nonetheless granted initially, second, and third readings to the rezoning application.The six-storey rental building will then be located on the western half of the website and consists of 5 studio systems, 35 one-bedroom systems, 8 two-bedroom units, and 13 three-bedroom units for a total of 61 units.
Of the 61 systems, 42 will be offered as market rental units and the remaining 19 will be offered as below-market rental.The project has actually a total proposed density of 6.0 FAR and will also consist of a childcare center with 2,625 sq. ft of space, for 24 kids, that will be located in the low-rise rental structure. The proposition also consists of a total of 298 lorry parking areas and 605 bicycle parking spaces, plus some additional spaces for the day care.< img alt="" height="1266 "src ="// www.w3.org/2000/svg'%20viewBox='0%200%201928%201266'%3E%3C/svg%3E" width=" 1928 "/ > Renderings of the apartment tower and rental structure.(Dys Architecture, StreetSide Advancement)According to a report to Council, most of the site is considered a Tier 2 transit-oriented location(TOA), however a little portion of the southeastern parcel of the website is considered a Tier 1 TOA, so the overall website is thus thought about a Tier 1 TOA as an outcome of the site consolidation.StreetSide Developments had previously proposed a density transfer between this site and
the neighboring land assembly of 626, 628, 630, 632 Tyndall Street and 633, 635, 637, 639 Claremont Street, likewise owned by StreetSide. The land assembly is further up the same block, on the other side of the previously mentioned Hair site, and StreetSide had sent a pre-application for a 50-storey
strata tower and six-storey rental tower. City personnel say StreetSide’s application no longer includes a density transfer.Additionally, although the City embraced feature cost charges(ACCs)in July 2025 and remains in the procedure of upgrading its Interim Authorities Neighborhood Plan and Rental Incentive Program, StreetSide’s application was submitted prior to those policy modifications, so will be proceeding under the previous density bonus framework.For the City, the task is anticipated to create$ 9.7 million in development expense charges (DCCs),$11 million in density perk payments
, $724,600 in voluntary community facility contributions(CACs ), and around$1.1 million developer-funded infrastructure.