Richmond Project to Include 1,341 Units

Polygon has submitted a revised formal application to the City of Richmond for permission to rezone a 13.5 acre
site at Cambie Road and Sexsmith Road. An earlier application from 2020 envisioned a similar overall plan, however, a revised proposal includes more affordable housing and more public space.

The assembly acquired by Polygon in 2018 for $147 Million sits on the Eastern edge of Richmond’s City Centre Area.

The proposal for the site, entitled ‘Talisman’, which has gone through a couple of rounds of feedback and revision, in part due to request for tree retention and more rental housing, includes development of a mixed-use, mid-rise and high-rise development consisting of two woodframe lowrise buildings and six concrete highrises. The overall master plan includes:

• 1,014 condo units;
• 156 affordable (low end of market) rental units;
• 171 market rental units;
• 8,438 sq ft of commercial space fronting Capstan;
• 1.23 Million SF of total gross floor area;
• 1.34 acres of new City Park;
• 2.10 acres of public open space.

The site is to be developed in four phases, as follows:

The proposed unit mix is as follows:

The architect for the project is IBI Group.