A proposed condo complex for St. Johns Street on the site of the former Barnet Hotel now has fewer units than when Port Moody City Council last considered the project.
But almost half of them will now have two or more bedrooms to accommodate families.
Langley-based Marcon’s 222-unit project of two six-storey buildings is back before council on Tuesday (January 25) for the second reading of zoning bylaw changes that would allow it to proceed to a public hearing.
In response to suggestions from council last September, the developer removed 20 units from its original proposal and increased the number of two-bedroom units from 78 to 91, and the number of three-bedroom units from four to nine. The remaining 122 units are studios or T1s.
In addition, the developer is committed to renting 23 units at below-market rates and 10 others under a rental-to-own program.
Although the 33 affordable units are three fewer than previously proposed, a staff report indicates that the proportion of the affordable housing component of the project has actually increased given the reduced number of places overall.
Other changes include:
- an increase in commercial space from 680 to 1,414 m², which staff estimate will generate approximately 73 jobs
- an opportunity for local residents to get the first sales information
- the removal of a 70 m². the encroachment by the parking lot and the eaves of the structure into the riparian area of South Schoolhouse Creek which runs through the property
However, one item that hasn’t changed since the project was first considered by council last June is the installation of a $200,000 public art feature on the facade. of the building which, according to Port Moody’s lead development planner, Kevin Jones, will present a more elegant face along St. Johns Street than a free-standing work, or the current overgrown state of the property.
Additionally, the company proposes to dedicate over 13,000 square feet of the restored waterfront setback to the city as a park.
In a letter, Marcon’s vice president of development, Nic Paolella, said the company hopes the revisions will meet board and staff goals “for this important Port Moody site.”
According to the staff report, the project is expected to generate nearly $1.1 million in contributions to community amenities, including more than $364,000 to the city’s Affordable Housing Reserve Fund.