.jpg)
1 hour ago
3
Article content
BURNABY, British Columbia, June 01, 2026 (GLOBE NEWSWIRE) — Crestpoint Real Estate Investments and Anthem Properties were joined by the Mayor of Burnaby and other guests today, to celebrate the ceremonial groundbreaking for King + Park, a landmark mixed-use masterplan that will reshape the gateway to Burnaby and deliver one of Metro Vancouver’s most ambitious residential and commercial communities. The milestone marks the official start of construction on Phase 1 of the multi-phased development, that when fully built, will weave together residential, commercial and the retained office uses to create a vibrant, mixed-use community.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Situated in a prime, central location with access to the SkyTrain, Metrotown and the natural beauty of Central Park, King + Park Phase 1 addresses the Lower Mainland’s urgent need for quality rental housing in a transit-oriented setting, with 724 rental homes now under construction with a completion date of in summer of 2030.
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
“We’re thrilled to see this project moving forward — adding much-needed rental housing in transit-oriented locations, as well as restoring essential office space to ensure jobs and services remain close to where people live,” said Burnaby Mayor Mike Hurley. “We’re especially encouraged to see a mix of homes, including future non-market units, that will help ensure more people can find stable, affordable housing in our city.”
Article content
The masterplan includes a comprehensive restoration of the 512,350 sq ft landmark office tower, known colloquially as “The Boot” by Burnaby residents. In recognition of this beloved name, Crestpoint announced today that it is officially naming the office tower The Boot at King + Park. Turning 50 this year, the vision is to revitalize The Boot to once again be one of the most iconic office towers in British Columbia.
Article content
Article content
“Crestpoint and Vestcor first made an investment in this property in 2014. Since then, we have steadily increased our commitment to Burnaby and to realizing the full potential of this site,” said Crestpoint Real Estate Investments Executive Vice President and Head of Asset Management, Max Rosenfeld. “It is a distinct opportunity to honour heritage and reimagine a site simultaneously. We are thrilled to be partnering with Vestcor and Anthem on the execution of a vision for King + Park that will have a positive, lasting impact.”
Article content
The full King + Park masterplan includes:
Article content
- Phase 1: 724 rental homes in two towers over a shared podium — now under construction
- Restoration of the iconic Boot Office Tower is starting
- 512,350 sq ft of retained and restored office space (the Boot)
- 43,402 sq ft of commercial space delivered across all phases
- Future Phase: 1,559 strata homes and 252 non-market rental units
Article content
“At Anthem, we talk about Creating Real Estate That Works, and we mean that in the fullest sense,” said Anthem Properties’ Executive Vice President, Development, Rob Blackwell. “Not only providing financial value for our partners and investors, but also community value. Neighbourhood value. Developments that have a sense of place. Long-term value for the people who will actually live and work there. Together, the phases of King + Park will deliver a complete neighbourhood, one that honours the site’s history while meeting the needs of a growing, dynamic city.”
English (US)