Vancouver-based real estate developer Townline has joined forces with Nicola Wealth  on the construction of a 267-unit purpose-built rental tower in West Coquitlam, B.C. Called “Meridien”, the new rental building set to open in 2024 will feature approximately 10,000 square feet of retail and office space in the commercial podium.

According to the partners, the deal is a 50-50 split, with Townline managing the construction process and both companies co-managing the building once it’s operational. The “condo-quality product” will bring much needed rental housing to B.C.’s sixth largest city along with a plethora of amenities and commercial offerings.

Townline has previously opened several purpose-built rental buildings in key B.C. markets, including Hudson House, Hudson Walk ll, and Hudson Mews in Victoria.

It’s not the first time the two real estate companies have come together on a major residential project in British Columbia — Townline and Nicola Wealth also collaborated on Hudson Place One, the tallest building in downtown Victoria, which opened in 2020 on the site of a former Hudson’s Bay parkade. Rising 85 metres, the residential tower surpasses the 27-storey, 76-metre Beacon Tower in Nanaimo, and the Promontory on the Songhees, which had previously been Victoria’s tallest buildings since 2014.

For more information on Townline’s latest residential project, click here: Townline — Townline JVs with Nicola Wealth on Burquitlam’s Meridian apartments