Anthem Exploring Office-To-Hotel Switch For Citizen Tower Podium

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Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24

The 66-storey Citizen tower at 4657 Kingsway in Burnaby is set to include 645 residential units and over 150,000 sq. ft of commercial space.The 66-storey Citizen is set to rise at 4657 Kingsway, directly across the street from the Metropolis at Metrotown shopping centre and the multi-tower Station Square mixed-use development Anthem Properties undertook with Beedie.

Howey went on to note that they are not seeking any new floor area and that the residential component would see no changes. Of note, however, is that Anthem Properties is only seeking permission for the hotel use at the moment and has not finalized a switch from office to hotel, likely to leave themselves open to the possibility that the office market turns back around.

 

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