The Simon Fraser University Community Trust has cleared its last hurdle to doubling the size of its Burnaby Mountain-top community with zoning approval for Phase 3 of its UniverCity project.
Burnaby city council on Monday, approved a zoning bylaw for a massive expansion of the high-density urban community that will see up to 1,250 new units of housing built including one 20-storey tower perched near the mountain's peak with commanding views of Metro Vancouver.
"We expect absorption of these lots to take eight to 10 years," Gordon Harris, CEO of the trust, said in an interview. "The first development parcels will start within weeks."
The first project will be a 74-unit low-rise wood-frame condo building by Porte Development, the second a 79-unit condo structure by Mosaic Homes.
"We anticipate those projects will do extremely well in the market," Harris said. "They'll be a good fit with the community with commanding views, breathtaking buildings with good design."
From the City of Burnaby's perspective, proceeding with such a large, single rezoning lets it cross off a lot of the needs on its checklist of elements needed for the whole community.
"First of all, we get all the infrastructure provided for to support all those parcels in one go," Robert
Renger, Burnaby's senior current planner, said in an interview. "And this basically sets the stage for individual developers to come in and move very quickly to build as market conditions allow."
The Phase 3 expansion envisions UniverCity's population climbing to 10,000 from 3,000 now, but
Renger said that fits within the scope of what Burnaby has been expecting and can be accommodated by existing road access.
"The other part is that there is effort going into making this community not just dependent on single cars," Renger added, pointing out that the community has high transit use and "does have very good public transit access" now.
In tribute to UniverCity's aim of sustainability, the new buildings will also need to be at least 30-per-cent more energy efficient than standard construction under specific requirements written into the zoning bylaw.
Harris added that the first two buildings will be wood-frame construction with units aimed at first-time and family buyers.
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