A new urban, multi-storey community centre, and approximately 200,000 square feet of commercial space on transit are some of the things that the Grosvenor Brentwood master plan is poised to transform a 7.9 acre site into a thriving mixed-use community with approximately 3,500 rental homes, 1,050 condominiums, and approximately 3,500 square feet of commercial space on transit. Grosvenor is currently seeking co-investment equity partners for the development, which takes an innovative approach to design and operations, and aims to be a model for future large-scale, pedestrian-focused, transit-oriented rental developments. The development will deliver 2,000 market rental and 450 below-market rental homes, with the tallest all-rental tower in Western Canada at over 60 storeys.
James Patillo, chief development officer for Grosvenor's North American development program, says that our master plan development addresses the significant regional housing challenges of an undersupplied rental market and will bring much needed rental housing to the community. This will be one of the first projects of this scale to have an entirely pedestrian ground plane, with all cars accessing the underground from the site's periphery. The master plan includes an abundance of green space in a public courtyard for both residents and the general public, including landscaped trails for pedestrians, routes for cyclists and a new, approximately 100,000 square-foot community centre for the City of Burnaby, which is expected to attract more than one million visitors a year.
The environmental impacts of the site were taken into account and, upon completion, the development will exceed the City of Burnaby's sustainability requirements, as well as meet Grosvenor's corporate commitment to net zero carbon in operational emissions from all directly managed buildings by 2030. The Brentwood development site in Metro Vancouver is a prime example of how we are operationalizing our net zero ambitions, said Steve O Connell, chief executive of Grosvenor s property business in North America. The team is focused on creating a sustainable community in direct proximity to mass transit and in line with our progressive ESG ambitions. We are striving to develop highly efficient buildings that reduce operational carbon, provide green space and make a positive social contribution to the Brentwood community. Our team has engaged meaningfully with the local community and we are thrilled to have the Brentwood Community CenterBrentwood Community Center be a part of this transit-oriented and pedestrian-focused development. The mayor, council, staff, and community support the master plan, which was approved by the public on Tuesday, April 26, with public hearing approval by the Grosvenor Brentwood master plan. The developer believes that this is a critical step in the rezoning process, allowing it to proceed through second, third and fourth readings and further de-risking overall development entitlement. The approval is a result of many years of careful planning and collaboration with the City of Burnaby. The vision aims to be a game-changer not only for the city, but for the region as a whole. The story was provided by Grosvenor for commercial purposes.