2400 Murray Street, Port Moody, Port Moody
Sales Status: Preselling
Flavelle OceanFront Development
The city of Port Moody is planning a major upscaling of its livability with the creation of an oceanfront community that supports a mix of uses, including a range of housing options, along with commercial, light industrial and recreational uses for the benefit of local residents and visitors. As currently envisioned by city planners and developers, the 34-acre Flavelle Lumber Mill will be transformed into a modern urban village that supports a population of about 7,000 residents and adds a wealth of economic, recreational, social, natural and entertainment benefits to Port Moody.
A variety of housing options are being considered for the development, with condominium buildings, street-oriented townhouses, rental housing, and the potential for house boats estimated to lead to the creation of almost 3,400 residential units. The expansive waterfront area will be revitalized and enhanced by the building of about 1.3 kilometres of new recreational trails, a boardwalk along the water’s edge connecting to Rocky Point Park, and the development of four park areas totalling 4.9 acres, and a 1.9-acre public plaza.
The Flavelle Oceanfront Development could lead to the creation of more than 1,000 on-site jobs upon completion, which could generate up to $57 million in annual employment income. Plans call for 99,000 square-feet of office space; 72,000 square feet of retail space, including a grocery store, restaurants and cafes; 103,000 square feet of light-industrial space; a 106,000 square-foot campus of care facility; and 75,000 square feet of live/work space designed for artistry and other creative ventures.
Developers and planners plan to utilize a sustainable approach in the development to ensure energy efficiency and environmental health. By using LEED Principles of design and construction, planners aim to make the development a model for sustainable communities. The site’s location will help in this regard, as it is in walking distance of both the nearby Sky Train Evergreen Line and West Coast Express, which provide easy connections to the rest of Metro Vancouver.
Public consultation has been an integral part of the planning process thus far, and is expected to continue as the planning stage moves through the ongoing permitting process. I will be keeping a close watch on this project going forward, and will provide updates when appropriate. If you have any questions about the Flavelle OceanFront Development project, or any other questions about real estate in Metro Vancouver, register with us today.
E. & O. E. This is not an offering for sale. An offering for sale may only be made after filing a Disclosure Statement under the Real Estate Development Marketing Act
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