Real Estate

Peterson Proposing 14-Tower Master Plan 'Burnaby Lake Village'

The area immediately east of Sperling-Burnaby Lake Station in Burnaby is set to become the next Brentwood, in terms of development interest, as it’s the focus of the newly-proposed Burnaby Lake Heights Master Plan and the Burnaby Lake Village Master Plan, two different large-scale community plans that share a site boundary.

While Burnaby Lake Heights will be located t 7000 Lougheed Highway, Burnaby Lake Village will be located at 6800 Lougheed Highway. The 18.81-acre site is currently occupied by a sprawling industrial building that is scheduled to be decommissioned, the City says, and was formerly a milk plant owned by Saputo before it was sold for over $200M in 2019 to Create Properties and Peterson Group.

Council received the rezoning application in October 2022, and the developers have now returned with a full Conceptual Master Plan that Council will likely grant a First Reading to this evening and refer

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