More rental housing is coming to Port Moody.
At its meeting Tuesday, city council approved bylaw and zoning amendments to allow construction of a six-storey rental apartment building at 3370 Dewdney Trunk Rd. It will include 229 units, five of which will be made available at below-market rents.
The affordable units are meant as compensation for displacing the five occupied mobile homes that are currently at the site. The project’s developer, PC Urban, acquired the 17-pad mobile home park in August 2017.
The company said it will help those residents find new homes and pay their moving costs as well as a cash equivalent to 12 months rent. It estimates the cost of the relocation program to be about $20,000 per tenant.
The building comprise 86 one-bedroom units, 48 junior two-bedroom units, 90 two-bedroom units up to 939 sq. ft. and five three-bedroom units.
To make up for providing fewer parking spots than required, the company will provide a $100 preloaded Compass transit card for each new tenancy in the first seven years after occupancy, or a $200 card if the occupants of a unit don’t require one of the building’s 205 parking spaces. Two Modo car share vehicles will also be available for the use of tenants, who will get a free membership to the service as well as a $100 ride credit per unit.
There will also be parking for 350 bicycles as well as a bike washing station located in the building’s parkade, and the developer will extend the multi-use pathway along Dewdney Trunk Road to St. Johns Street.
In December 2017, Port Moody council approved development of a 142-unit rental project on St. Johns Street, just west of Moray. Construction of that project, by Vancouver’s Woodbridge Properties, has yet to begin.