On Monday, Coquitlam City Council advanced a new rezoning application by StreetSide Developments, a subsidiary of Qualico, for a new high-rise tower in the Burquitlam neighbourhood of Coquitlam.
The site of the project is 602, 606, 610 Tyndall Street and 605, 611, 615 Claremont Street: A 1.1-acre land assembly consisting of three single-family lots on Claremont Street and three single-family lots on Tyndall Street, on the northern side of Como Lake Avenue near the intersection with Clarke Road.
The land assembly was acquired by StreetSide Developments in Q2 2022 for a total of $20,832,000, and is now held under StreetSide Developments (BC) Ltd. The eight-lot land assembly immediately adjacent to the north was also sold in 2022, for $12,072,553, and is the site of Komo by Strand Development.
BC Assessment values the respective parcels of StreetSide’s land assembly at $2,338,000, $1,650,000, $1,859,000, $1,969,000, $1,553,000, and $1,655,000, for a total assessed value of $11,024,000 dated to July 1, 2025.
For the site, StreetSide Developments is seeking to rezone the site from RS-1 (One-Family Residential) to CD-51 (Comprehensive Development Zone) and is proposing a 35-storey condo tower that would sit at the eastern half of the site, at the corner of Claremont and Como Lake Avenue. The condo tower would include zero studio units, 204 one-bedroom units, 101 two-bedroom units, and 34 three-bedroom units, for a total of 339 units.
During a brief 10-minute discussion about the application on Monday, Coquitlam City Council raised some concerns about the large number of one-bedroom units relative to two-bedroom units, but recognized that StreetSide’s proposal complies with City policy regarding family-sized units so nonetheless granted first, second, and third readings to the rezoning application.
The six-storey rental building will then be located on the western half of the site and includes five studio units, 35 one-bedroom units, eight two-bedroom units, and 13 three-bedroom units for a total of 61 units. Of the 61 units, 42 will be provided as market rental units and the remaining 19 will be provided as below-market rental.
The project has a total proposed density of 6.0 FAR and will also include a childcare facility with 2,625 sq. ft of space, for 24 children, that will be located in the low-rise rental building. The proposal also includes a total of 298 vehicle parking spaces and 605 bicycle parking spaces, plus some additional spaces for the daycare.
Renderings of the condo tower and rental building. (Dys Architecture, StreetSide Developments)
According to a report to Council, most of the site is considered a Tier 2 transit-oriented area (TOA), but a small fraction of the southeastern parcel of the site is considered a Tier 1 TOA, so the overall site is thus considered a Tier 1 TOA as a result of the site consolidation.
StreetSide Developments had previously proposed a density transfer between this site and the nearby land assembly of 626, 628, 630, 632 Tyndall Street and 633, 635, 637, 639 Claremont Street, also owned by StreetSide. The land assembly is further up the same block, on the other side of the aforementioned Strand site, and StreetSide had submitted a pre-application for a 50-storey strata tower and six-storey rental tower. City staff say StreetSide’s application no longer involves a density transfer.
Additionally, although the City adopted amenity cost charges (ACCs) in July 2025 and is in the process of updating its Interim Official Community Plan and Rental Incentive Program, StreetSide’s application was submitted prior to those policy changes, so will be proceeding under the previous density bonus framework.
For the City, the project is expected to generate $9.7 million in development cost charges (DCCs), $11 million in density bonus payments, $724,600 in voluntary community amenity contributions (CACs), and approximately $1.1 million developer-funded infrastructure.
