[Burnaby] Brentwood Block | 6 towers | 43-65fl | U/C

[Newcastle Kid]

Grosvenor has secured a massive federal loan to help fund the development:

Feds loan developer $763M to build almost 1,300 rentals in Burnaby, B.C.

A $763-million loan from the federal government will see close to 1,300 rental homes built in Burnaby, B.C.

Development company Grosvenor said in a statement that the funds, provided through the Apartment Construction Loan Program (ACLP), will finance the construction of 1,279 rental homes at the Brentwood Block development on Lougheed Highway, between Alpha and Beta avenues.

The company said the project will feature Western Canada’s tallest all-rental tower, along with condos, retail space and a City of Burnaby community centre.