JLL and London Pacific are pleased to present a rare opportunity to acquire three adjacent located at 6721, 6735, & 6749 Dow Avenue designated RM-4 (as designated per the Draft Metrotown Community Plan) properties in the heart of the ever changing Metrotown core. Steps away from Metropolis at Metrotown and Metrotown Skytrain Station this land assembly with strong holding income is ripe for development.
The Metrotown OCP
The city of Burnaby is now in its final stages to adopting a revitalized Metrotown Development Plan. Finalized land use framework identifies the Downtown Core of Metrotown, being concentrated between Dow Avenue, Maywood Street, Willingdon, and Beresford Street as high-density form “characterized by commercial podiums and high-rise office and residential forms”. Through this plan, Burnaby has committed to accommodating a projected population growth of 125,000 additional residents.
The subject site at the 6700 block of Dow Avenue represents one of the few assembled and available development opportunities within the Metrotown area and is strengthened by its proximity to schools, parks, transit and retail amenities. Gross buildable residential density totals 197,097 SQFT which will be massed in a single tower development with the possibility of additional ground oriented housing.
6721 Dow Avenue, Burnaby, BC