Portwood by Edgar Development – Plans, Availability, Prices

At a Glance

• located at Cecile Drive & Angela Drive
• 18 buildings from 6 to 19 storeys
• 1,590 strata, 154 market rentals, 328 below-market rentals
• 19,000 sq ft of retail space
• 93 childcare spaces
• 2 new parks + 1.5km multi-use trail
• close to Seaview Community & Port Moody Secondary schools
• 12-minute bike ride to Rocky Point Park
• 7 minutes by bus to Moody Centre Station

Build to Thrive

Edgar Development presents Portwood, a 23.4-acre mixed-use, master-planned community coming soon to Port Moody’s Seaview district. It will consist of both condominiums and townhomes with 1,590 strata units, in addition to a mix of both affordable and market rental housing. Approximately two-thirds of all residences will have two or more bedrooms. The development will have five distinct neighbhourhoods with about 70% of the site devoted to open space, of which 22% is protected environmentally sensitive areas. Community amenities include 19,000 sq ft of retail space, a 93-space daycare, two new parks, a 1.5-kilometre multi-use trail throughout the L-shaped property, and $2.8 million of public art. Construction is expected to begin in early 2023 with completion over seven phases estimated to be in 2036.

Envisioned as a complete, sustainable, pedestrian-oriented community, Portwood’s small-scale commercial spaces, childcare, and neighbourhood parks make it an ideal home for growing families. Seaview Community School is adjacent to the property and Port Moody Secondary School is only 1 kilometre away. For convenient car-free connections to surrounding areas, four bus stops on Cecile Drive offer service with 15-minute intervals to Moody Centre Station — linking to SkyTrain and the West Coast Express — and Lougheed Station for shopping at The City of Lougheed. A new 2-way bike lane will join Angela Drive and Cecile Drive to St. Johns Street, improving access to City Centre, Rocky Point Park, and the Shoreline Trail. Less than 2 kilometres away, are also Burnaby Mountain‘s biking and hiking trails.

Floor Plans for Portwood
Portwood consists of five distinct neighbourhoods that will be built in seven phases.

The Creek (Phase 1)

Three 6-storey buildings will provide 328 non-market, affordable units with over 78% to be family-oriented homes with 2+ bedrooms.

The Gardens (Phase 2)

A U-shaped, 6-storey multi-unit residential building will feature 219 strata units, including ground-level, family-oriented townhomes.

The Hub (Phase 3)

Envisioned as the heart of the community, two 5-storey buildings will offer 154 market rental homes. The west building will feature 19,000 sq ft of retail space that includes a grocery store and café. The east building will have a 93-space childcare facility.

The Mews (Phase 4A / B)

Twelve buildings, ranging from 4 – 14 storeys, will be built in two phases. They will consist of a mixture of market condominiums and ground-level, 2-storey townhomes.

The Terraces (Phase 5A / B)

Two 14-storey terraced buildings will offer a mix of market strata homes with a mix of floorplans, including ground-level, family-oriented units.

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Amenities at Portwood
Approximately 70% of the entire Portwood site will be open space. This includes environmentally sensitive creek and forested areas, semi-public green space between all the buildings, two parks, and a 1.5-kilometre multi-use perimeter trail that connects the five neighbourhoods. The community hub is located at the intersection of Angela Drive and Cecile Drive. It includes a neighbourhood grocery store, café, child care facility, rooftop gardens, and Hub Park. The 1.5-acre public park features multi-age play areas, water features for play and cooling, an off-leash dog park, and a sports court.

Cecile Bend Park, situated between The Mews and The Terraces, offers similar amenities, including a plaza and a natural amphitheatre. In addition, residents will be able to grow their own food with 12,000 sq ft of rooftop community gardens. In the spirit of Port Moody’s “City of the Arts” moniker, the developer has also committed to providing a public art budget of $2.85 million for art works to be displayed throughout the community.

Developer Team for Portwood
Established in 2009, Edgar Development is a Vancouver-based real estate firm focused on commercial development and investment opportunities in Western Canada. They have experience in all asset classes including retail, purpose-built rental, mixed-use, industrial, office, and seniors’ housing developments. Their investment strategy is to mitigate risk by taking a rational and conservative approach to financial analysis and focusing on strong locations with sound underlying real estate. Edgar values strong partner relationships and works with key stakeholders every step of the way in implementing their project vision. The result? High quality, attractive assets that have healthy, sustainable yields.

Acton Ostry Architects is a leading Canadian design practice recognized for the creation of eloquent and innovative community, public institutional, mixed-use residential, and tall wood buildings. Since their inception in 1992, AOA has continually demonstrated a commitment to the making of architecture that responds sensitively to social, historical, and environmental concerns. Their design approach incorporates new technologies and materials that contribute to the realization of buildings rooted in a considered, modernist idiom.

Expected Completion for Portwood
The five neighbourhoods will be developed in seven phases with the final completion estimated to be in 2036.

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