Concord goes green in Brentwood 4756 Lougheed Highway, Burnaby
Michael Bernard
The Vancouver Sun
Project: Concord Brentwood
Project location: 4756 Lougheed Highway, Burnaby
Project size/scope: A total of 10 highrise towers, between 40 and 50 storeys. The first tower of 45 storeys in Phase 1 features 426 one-, two- and three-bedroom homes in a setting surrounded by 13 acres of park and green space; a five-minute walk to SkyTrain, Brentwood mall shopping
Prices: Available on request
Developer: Concord Pacific Developments Inc.
Architect: James K.M. Cheng
Interior Designer: LIV Interiors
Sales centre: 4750 Kingsway, Burnaby (Metropolis at Metrotown – next to Sears)
Hours: Burnaby Presentation Centre will be open to the public from 11 a.m. to 5:30 p.m. Saturday and Sunday. Visitors can experience Concord’s neighbourhood with CONCORD 360 3D virtual reality.
Price: 1-bedroom (508 – 535 sq. ft.) priced from $400,000s; 2-bedroom (731 – 732 sq. ft. ) priced from $600,000s; 2-bedroom + den and 3-bed bedroom Sky Collection (977 — 1,239 sq. ft.) priced from $880,000
Telephone: 604-435-1383
Website: ConcordBrentwood.com
Occupancy: 2020
Concord Pacific touts its new master-planned community Concord Brentwood as “Yaletown comes to Brentwood”, but there is one big difference: at Brentwood, buyers will be able to make use of considerably more green space.
That, says Grant Murray, Concord’s senior vice-president, sales, makes the new massive 10-tower development — to rise on 26 acres adjacent to the Brentwood shopping centre — a standout in Metro Vancouver.
“We chose the site because of its uniqueness—half of the 26 acres will be a 13-acre park, so this is rare,” said Murray. Even if we compare this to Yaletown, where we had a 200-acre site over the last 30 years, this one has double the amount of park space. We thought we could have an urban environment and a really green feel.
“We realized right away that this could be a family-oriented area, which is why we have a lot of suites in the two-bedroom range that will cater to young families.”
Buyers will not only enjoy more green space, but also capitalize on what Murray terms “other people’s money” that is spent in a master-planned community. He includes the hundreds of millions of dollars being spent to expand the Brentwood shopping centre to 250 stores, the park spaces and a planned new school.
“The buyer of this condo doesn’t have to pay for all these additional services, such as anything that is increasing the livability of the area,” he said.
The community plan was developed by award-winning architect James Cheng in cooperation with the city of Burnaby. The first tower, to be completed by 2020, will be within five minutes’ walk of the SkyTrain station at Lougheed and Willingdon.
The show suites, a one-bedroom and three-bedroom model, opened to the public last month in a Metrotown mall, and feature a creative blend of interior and exterior space. The three-bedroom model, with 1,239 square feet of indoor space, for instance, has sliding corner glass doors that open to a wrap-around balcony that adds another 375 square feet of living space for a total of 1,614 square feet.
Two-bedroom models, which have about 730 square feet of indoor space, have an additional exterior space of 268 square ft. and 333 square feet, depending on the model, for a combined interior and balcony total area of more than 1,065 square feet. A model with two bedrooms and a den has 977 square feet of interior space with another 392 square feet of outdoor space for a combined total of 1,369 square feet.
One-bedroom homes with 535 square feet have either 125 square feet or 188 square feet of outdoor balcony space, depending on the model.
The suites have quartz countertops with marble backsplashes, integrated Bosch appliances, and wood-grain laminate closet organizers. Bathrooms feature frameless glass shower enclosures with built-in niches for toiletries.
The first tower will share a central lobby concierge podium with a second tower. It includes a grand motor court entrance with central water fountains and attractive landscaping with two-storey glass walls overlooking the plaza.
Common amenities include a fitness centre with yoga studio, entertainment lounge and games room, a pet-grooming room, theatre rooms, study rooms and a music room.
Down below in the parking, the stalls feature recharging facilities for electric vehicles and plans call for nine electric vehicles for sharing.
Murray says pricing is attractive because Concord was able to buy the property at a lower relative price compared to Vancouver, which it has passed on to purchasers. “If you have to pay $500 a square foot for your property in downtown Vancouver, you are already starting there before you even add construction costs, so you know your end price is going to be quite high,” he said.
“So by capitalizing on that, we can still make available reasonably affordable properties at a great price, very close to the proximity of downtown Vancouver. You are only 12 minutes from downtown with SkyTrain access.”
Murray says a condominium remains an excellent value in the Metro Vancouver market relative to single-family homes, which have continued to soar in value.
Says Murray: “I think the opportunity for the value to go up in the next 10 years in strikingly high.
“You have to live somewhere anyway, so even if the market cools off, you are still going to have to pay the same amount for rent as that mortgage. At the end of 25 years, you own the property. When you rent, you have got nothing at the end of 25 years.”
© 2016 Postmedia Network Inc
