A Vancouver developer has unveiled plans to build the highest tower in Coquitlam, with hopes of putting the city on the map as one of the fastest-growing metropolitan centres in the Lower Mainland.
The Cressey Development Group revealed plans for the new residential project at the heart of Coquitlam earlier this month.
The building, dubbed the MThree, will stand at Glen Drive and Pinetree Way. It will include 319 units and clock in at almost 400 feet or 42 storeys, standing as the highest tower in Coquitlam.
According to Hani Lammam, vice-president of development and acquisitions for Cressey, the new tower will be one of the company's most "dramatic," with a higher quality of architecture and improved finishes.
"It will be one of the most dramatic towers that we've done - this site will not be equalled by anybody else in the Coquitlam marketplace," said Lammam.
Cressey is also responsible for construction of the MOne and MTwo, sister towers in the neighbouring Metropolitan family of residences. According to Lammam, they've been popular - with residents of the MOne moving in and almost all of the 169 units in the MTwo sold out, despite being two years out from construction.
The MThree is expected to be 17 storeys higher than the MTwo.
With new infrastructure, businesses, services and the expansion of Douglas College, Lammam said Coquitlam is filled with the amenities people expect to find in an urban setting, making it the perfect site for largescale residential developments.
As for the future, he expects the area will develop into a major hub in the Lower Mainland.
"The city centre area is going to increase in vibrancy. The intensity of residential development will contribute to the success of commercial and businesses in the neighbourhood," said Lammam. "It's going to be a great place to live - more walkable and more pedestrian friendly."
He also noted construction of the Evergreen Line will bring even more success to the city centre.
While there has been no public opposition to the project yet, noise from construction has bothered nearby residents in the past. However, Lammam asserted that Cressey has since adapted its construction methods to reduce the amount of noise.
Cressey has drafted its development permit application for the 42-storey building and is currently going through the approval process before construction can be given the green light by the city.
While nothing is set is stone, Lammam estimated the project is about three years out from construction.
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