The plans to put up a steel-and-glass four-tower condo complex in the downtown needs more time to work out the details.
Gerald Chiang, with Ascent One Properties, said the application for project has received a year’s extension from the city.
Chiang said the four towers, planned along Brown Avenue and Edge Street, are all inter-related. The key, he added, is to get the first tower, to the west of the city’s parking lot on Brown Ave. built first.
Ascent One recently reached an agreement to buy that parking lot from the city in order to create a continuous piece of property for the development.
“The process of getting through to fourth reading is pretty complicated,” said Chiang.
The city wants to ensure there’s enough room for a bike lane on Brown Ave.
Three buildings are planned for Edge St., with one of those on the corner of Dewdney Trunk Road. Another tower goes up on the corner of Edge St. and Brown Ave., while another will be built farther to the east, adjacent to the city parking lot. That’s known as building one and has to be built before the other buildings, including a fourth 18-storey tower to the east on Brown, are constructed.
The three-building complex is proposed to be built over eight years and will have 240 residential units. The fourth tower will have another 126 units.
Chiang said the development will be comparable to the residential towers in Port Moody.