The Property is located in the Lower Lougheed neighbourhood of West Coquitlam just east of Burnaby and north of the Fraser River. Coquitlam enjoys a central location within the Metro Vancouver region and is the fifth largest city in British Columbia. The property sits on 134,960 square feet and is currently improved with single-family and two-family homes.
The Lougheed Neighbourhood is undergoing a major transformation as a result of two new Official Community Plans by both Burnaby and Coquitlam. On the west side of North Road, the Lougheed Mall site will see 23 towers developed over the next 30 years. On the east side of North Road, the Burquitlam Lougheed Neighbourhood Plan prescribes a mixture of high-rise and low rise development centered around the Lougheed Town Centre Station. The plan seeks to provide approximately 10,000 new dwelling units and 700,000 SF of commercial floorspace over the next 25 years.