Polygon has submitted their formal development application for the former Coronation Park Elementary School site that they own on the Western border of Coquitlam, adjacent Port Moody’s municipal boundary.
Polygon acquired the 10-acre site, which includes the former school and an assembly of 7 adjacent single family lots to the South, in 2016. It is designated for high density residential use in the City of Coquitlam’s City Centre Area Plan.
The site is directly East of another major master plan community in the works by Wesgroup, at Coronation Park on the Port Moody side. The site is about 350 metres from Inlet Centre Station.
Polygon’s preliminary proposal for the site includes eight towers in a multi-phased and predominantly residential development. Details of the overall plan include:
- Up to 8 project phases;
- 6 condo towers and 2 market rental towers ranging from approx. 30-50 storeys in height;
- 2,558 total residential units;
- 1,968 condos;
- 590 rental units including 98 units below market;
- a total density of 5.22 FAR;
- a one acre public park in the Northwest corner of the site;
- a new north/south road that connects Barnet Highway to Palmer Avenue;
- 3,600 sq ft of retail space in Phase 1;
- a 24,000 sq. ft. standalone amenity building;
- a 6,000 sq. ft. childcare facility (capacity for approximately 37 children) in Phase 4.
The estimated full build out date for the project is 2038.
The application could proceed for consideration of First Reading by council sometime in mid-2022 and may include refinement related to the location of the daycare and the amount of rental housing.
