Bosa Properties And Chunghwa Proposing 40-Storey Tower Near Central Park

AI Article Summary
Bosa Properties, in partnership with Chunghwa, has proposed a 40-storey residential tower in Burnaby, near Central Park. The project will contain 327 market rental units and 91 non-market units, including replacements for existing rental spaces. A unique rental unit transfer proposal seeks to adjust unit allocations among nearby projects, improving economics while maintaining overall unit commitments. If successful, the project will integrate transportation demand management strategies and is anticipated to proceed soon, following favorable city council discussions.