Anthem and KingSett team for mixed-use towers on 8.3 acres
Western Investor Staff
Western Investor
Burnaby devel0pment includes 2,100 condos, 240 rentals and 60,000 square feet of commercial space at Brentwood
Rendering of the first phase of Anthem and KingSett’s proposed master plan development in Brentwood, Burnaby. | Global News Wire
Anthem Properties Group Ltd. and KingSett Capital have acquired an 8.34-acre mixed-use site at Willingdon Ave and Dawson Street in Burnaby’s Brentwood Town Centre that will be developed under the city’s official community plan
Masterplan rezoning for the entire property is close to final approval and phase one sales are anticipated to commence in late 2022, according to Anthem.
Anthem and KingSett plan to develop the site into a four-phased community that will include 2,100 market condominiums, 340 rental units, and 60,000 square feet of new retail and office space across five residential towers and two wood-frame mid-rise rental buildings. The site is viewed as a major green node, with the phases built around a one-acre park, and will serve as both a Town Centre destination and a key linkage between Brentwood Town Centre SkyTrain Station and the Urban Trail, connecting east to the future Woodlands Park and south towards B.C.I.T.
“With this acquisition, we are thrilled to be able to build upon Anthem’s long history of developing large-scale mixed-use projects in the City of Burnaby. In a supply-constrained region undergoing population growth, the project will create a significant amount of housing supply aiming to address the market’s needs at multiple levels,” said Eric Carlson, CEO of Anthem.
This will be Anthem’s second development within the Brentwood Town Centre plan, following their completion of Tandem in 2007, a three-tower mixed use community. Anthem has also completed the sell-out and construction of Station Square’s five residential towers in Metrotown, containing over 1,800 homes and 450,000 square feet of retail.
Founded in 1991, Vancouver-based Anthem has invested in, developed or managed – alone or in partnership – more than 310 residential, commercial and retail projects across western North America.
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