City Centre Commercial – Highrise Site
Coquitlam Square, established in 1979, presents a unique opportunity for prospective buyers. This well-situated property offers both immediate value with its existing infrastructure and significant potential for future development. Buyers are invited to submit offers that reflect not only the current improvements but also the site’s highest and best use, maximizing its long-term potential in Coquitlam’s evolving landscape. Learn more
The City of Coquitlam’s City Centre Area Plan (CCAP), last amended on September 26, 2022, envisions a dynamic transformation of the area. With a focus on increasing density, promoting mixed-use developments, and enhancing pedestrian-friendly environments, the plan aims to create a vibrant, transit-oriented community around the Evergreen Line stations in City Centre. This forward-thinking strategy positions Coquitlam Square as an exciting opportunity for buyers looking to invest in the future growth of this rapidly evolving urban hub.
PROPERTY OVERVIEW
Coquitlam Square is a prime commercial property consisting of one legal lot (Lot 148), with two civic addresses: 2918 & 2922 Glen Drive, Coquitlam. The property is improved with two commercial buildings featuring 37,500 square feet of leasable space, currently occupied by 28 retail and office tenants. Strategically located in Coquitlam City Centre, the property sits in the city’s most established and densified area, offering strong long-term growth potential.
The existing Official Community Plan (OCP) designates the property as General Commercial (C-2), a zoning category intended for shopping centers and lower-density developments. However, with the City Centre Area Plan (CCAP) amendment on September 26, 2022, the land use designation now supports higher mixed-use densities, capitalizing on the Evergreen Line expansion and rapid transit accessibility.
As the site falls within the City Centre Commercial Zone, it is anticipated to benefit from upzoning to at least a C-7 designation, allowing for greater density and enhanced development potential.
Lot 148 is a full city block, featuring approximately 282 feet of frontage along Glen Drive and 253 feet along Pacific Street. The total land area spans 1.82 acres (79,245 square feet), making it a substantial and highly visible development opportunity in the heart of Coquitlam City Centre. Coquitlam City Centre Area
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