Coquitlam Square (the property) is being offered for sale for the first time since the shopping centre was built in 1979. Prospective Buyers are invited to submit their offers based on the current improvements and its potential development to its highest and best use. The Seller will consider all offers that are submitted by March 5, 2020 . Learn more
The City of Coquitlam is updating the existing 2008 City Centre Area Plan (CCAP) to look at creating higher densities, mixed use, and pedestrian-friendly development along the Evergreen Line stations in City Centre.
The subject property, Coquitlam Square comprises of one(1) legal lot,
Lot 148 and has 2 civic addresses 2918 & 2922 Glen Drive Coquitlam. The property is improved with two commercial buildings consisting of 37,500 square feet of leasable area with 28 retail/office tenancies. The property is well located within the Coquitlam City Centre Area which is the most established and densified area in Coquitlam.
CURRENT | FUTURE ZONING
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. Coquitlam City Centre Area
Lot 148 is square in dimension and comprises of one (1) city block with approximately 282 ft frontage along Glen Drive and 253 ft fronting along Pacific Street. The property has a total land base of approximately 1.82 acres or 79,245 Square Feet.
To register your interest for the Coquitlam Square property and to gain access to the data room please fill out/return the CIM form and or contact the Designated Agents directly. Click hereto download Confidentiality Statement.