Two Options Being Considered for “Site 8” in North Vancouver
Polygon has prepared a proposal including two options for a development at 119 – 131 West Esplanade in North Vancouver, also known as “Site 8”. The site also includes lands owned by City of North Vancouver. The overall rezoning application seeks an amendment to the City’s OCP to increase the allowable building height and to rezone the site to allow the construction of a mixed-use building consisting of a residential tower over a commercial podium. This would be supported by four levels of underground parking.
The site was previously owned by Millenium Properties who proposed a 35-storey tower back in 2007, which was subsequently withdrawn. The site later sold to Polygon.
Two development options are being presented for the City of North Vancouver’s consideration:
Option 1 – with Non-Market Office Space
- 11-storey tower with 107 residential units
- a building height of 122 ft.
- a total density of 3.78 FSR
- sale of City lands, transfer density and density bonus resulting is a cash contribution of $10.3 Million.
- 6,000 SF of office space owned by Polygon and rented at below market rates to non-profits
Option 2 – with Community Amenity Space
- 12-storey tower with 117 residential units
- a building height of 139 ft.
- a total density of 4.07 FSR
- sale of City lands, transfer density and density bonus resulting is a cash contribution of $8.7 Million.
- 16,155 SF of City-owned community space for a museum
In both scenarios, the site has to accommodate almost 100 parking spaces for off-site uses.
View from Esplanade
The architects for the project are DYS Architecture and Nigel Baldwin Architects.