2918 GLEN Drive in Coquitlam: North Coquitlam Land Commercial for sale : MLS®# C8031663
2918 GLEN Drive Coquitlam V3B 2P5 : North Coquitlam
Coquitlam Square in the heart of Coquitlam Centre - High-rise Site up to 6 FSR potential. Current improvements consists of 2 retails/office buildings with excellent holding income. The Lands development potential to its highest and best use provides a prime opportunity to work with the City to maximize density. The existing Official Community Plan (OCP) designates the land as General commercial, C-2 a zone designated to accommodate shopping centres and lower densities. Discussions with City planners in January 2020, there is a draft OCP plan being considered that accommodates higher mixed use densities due to the recent Evergreen line expansions and rapid transit stations. Given the upcoming proposed changes to City Centre Commercial zone indicated in the draft revised OCP , it is envisioned that the subject property will benefit from this up-zoning to a minimum C-4 zoning designation.
Listed by HQ Commercial and RE/MAX Lifestyles Realty
Data was last updated July 8, 2020 at 04:00 AM (UTC)