The Canadian federal government announced an investment of more than C$763 million ($543 million) into Grosvenor’s Brentwood Block for the construction of nearly 1,300 housing units in Burnaby, British Columbia, through its Apartment Construction Loan Program (ACLP).
The announcement was made by Randeep Sarai, Secretary of State for International Development and Member of Parliament for Surrey Centre, on behalf of Gregor Roberston, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada, alongside Councillor Pietro Calendino, City of Burnaby, and Steve O’Connell, CEO of Grosvenor’s North American property business.
Brentwood Block is a multi-phase master plan community located on a 7.9-acre site that encompasses an entire city block in the heart of Brentwood. When complete, the project will provide 1,279 rental units, 451 condominiums, and 160,000 square feet of retail and commercial space. In addition, the site wil
