Master-Planned Community · Burnaby

The City of Lougheed

By SHAPE properties

1 phase/building tracked

10,000+

total homes

37-40 acres

site size

Up to 23 towers

total towers

~$7 billion

total cost

1.4 million sq ft (full build-out)

retail space

The Vision

The City of Lougheed is a 37 to 40-acre master-planned redevelopment of the former Lougheed Town Centre mall in Burnaby, led by SHAPE Properties in partnership with TD Asset Management. The project carries a total development value of roughly $7 billion and is marketed as Canada's largest new master plan, second in scale only to Hudson Yards in New York City. At full build-out, the community will include up to 23 high-rise residential towers ranging from 30 to 65 storeys, delivering over 10,000 homes alongside 1.4 million sq ft of retail and 1 million sq ft of office space. The site sits directly on Lougheed Town Centre Station, the only development in Metro Vancouver's master-plan landscape connected to three separate SkyTrain lines. Phase One, known as Neighbourhood One, delivered four towers between 30 and 55 storeys, completed in 2023. Phase Two, approved in late 2024, adds three more towers including a 46-storey condo tower and a 43-storey rental building, plus a 320-metre covered pedestrian spine designed to function as an indoor city street connecting the development end to end.

Community Amenities

●Five acres of parks across the completed master plan

●320-metre covered pedestrian spine ('Main Boulevard') with retail and dining

●22,000+ sq ft private amenity centre with fitness facility, lounges, and meeting spaces

●Children's play areas, dog wash station, and community garden plots

●Direct connection to Lougheed Town Centre Station — the only BC development on three SkyTrain lines

●Urban grocer and street-level shops with patio dining

●Public plazas designed for year-round events and community programming

●EV charging, concierge service, and parcel storage in residential towers

The City of Lougheed additional rendering

Phases & Buildings

Selling

The City of Lougheed - Tower Three

About SHAPE properties

SHAPE Properties is a Vancouver-based developer known for large-scale town centre redevelopments, having also led the transformation of Brentwood Town Centre in Burnaby. The City of Lougheed is developed in partnership with TD Asset Management, giving SHAPE the institutional backing to execute a single, continuous 20-plus tower vision over multiple decades. SHAPE has described the advantage of one developer controlling the entire site as ensuring cohesion between the first tower and the last — shared retail planning, consistent outdoor space design, and a unified long-term vision rather than a patchwork of separate developers building independently.

This is not an offering for sale. Any such offering can only be made with a disclosure statement. Prices and availability subject to change without notice. E.&O.E.