Demolition was undertaken on the east portion of the site to make way for the first neighbourhood, which includes four residential towers and new retail; it is scheduled for completion in 2021.

[8] The project is being completed by real estate management, investment and development company Shape Properties Corp.[9] The City of Lougheed is one of four town centres designated by Burnaby to offer a full range of housing, office, retail, services and the option to walk, bike, take transit or drive to access a mix of goods and services.

[10] The master plan for the Lougheed Town Centre Core Area was adopted by Burnaby City Council on August 29, 2016.

This was an undertaking of city staff in collaboration with Shape Properties Corp., James KM Cheng Architects Inc., and various consultant teams.

Two public consultation processes also contributed to the development of the master plan, including open houses and information displays in the community.