The project, now named “TriCity Central,” calls for nine towers up to about 60 storeys on an 11.6-acre site at the southeast corner of the intersection of Barnet Highway and Lougheed Highway, which is currently mainly occupied by several car dealerships.
The first phase on the northern half of the site will entail two rental towers with 1,000 units, including 150 below-market rental units, as well as one condominium tower with 500 units, and one commercial-only tower.
The entire redevelopment will provide homes for up to 8,000 people, including 6,000 condominium residents within the six condominium towers, and 2,000 rental residents within two rental towers. The various commercial spaces will generate employment for up to 1,500 people. Eight underground levels of vehicle parking will support the significant density.