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Redevelopment Application: 602-608, 612, 618 Clark Rd, 605, 625 Como Lake, 620 Lea Ave, Coquitlam

Redevelopment Application: 602-608, 612, 618 Clark Rd, 605, 625 Como Lake, 620 Lea Ave, Coquitlam

  • Coquitlam
  • Redevelopment Application
September 23, 2020

Sold Price and Date:

  • 602-608 Clarke Road & 605 Como Lake Avenue: $26,800,000 (2018-02-14)
  • 612 & 618-620 Clarke Road: $25,500,000 (2017-10-12)
  • 620 Lea Avenue & 625 Como Lake Avenue: $42,000,000 (2017-12-18)

 

Intergulf Development Group plans to redevelop 602-608, 612, 618 Clark Rd and 605, 625 Como Lake and 620 Lea Ave in Coquitlam under the Burquitlam Lougheed Neighbourhood Plan. The proposed site is situated right beside Burquitlam Skytrain Station zoned for Transit Village Commercial and High-Density Apartment Residential.

The developer proposed a boundary adjustment from High Density Apartment to Transit Village Commercial to accommodate a mix-used use design since the developer managed to acquire both site and they are side by side. This could potentially increase the density of the development around the High-Density Part of the site.

The site is divided into three phases comprised of multiple high-rise towers. Portion of the units are market and non-market rental. Commercial at grade and spaces are allocated for daycare.

 

Site Statistics:

  • Gross Floor Area: 963,062 Sqft
  • FAR: Block A (5.95) 575,113 Sqft, Block B (4.6) 171,583 Sqft, Block C (6.7) 216,366 Sqft

Project Statistics:

  • Block A (two market condo towers, commercial podium, daycare, and standalone non-market rental building)
  • Block A 40-storeys containing 364 units and 33-storey containing 299 units)
    • Studio 103, one-bedroom 158, one-bedroom plus den 105, two-bedroom 177, two-bedroom plus den 51, three-bedrooms 69.
  • Block B (condo tower)
  • Block B 27-storey market condo containing 213 units
    • Studio 22, one-bedroom 88, two-bedroom 70, two-bedroom plus den 2, three-bedrooms 31.
  • Block C (market rental tower)
  • Block C 30-storey market rental tower containing 280 units

Information Information Acquired From: City of Coquitlam

Developer/Architect: Intergulf Development

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Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

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Ashley Osborn

Development Site and Investment Specialist
ashley@claridgeadvisors.com

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

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Patricia Wong Chong

Investment and Leasing Specialist
patricia@claridgeadvisors.com

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

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Schumann Li

Land Assembly & Residential Specialist
schumann@claridgeadvisors.com

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

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Wendy Kaip

Sales Associate
wendy@claridgeadvisors.com

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

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Simon Chan

Managing Broker
simon@claridgeadvisors.com

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

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Frank Zhou

Analyst
frank@claridgeadvisors.com

As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.

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