Polygon has submitted their rezoning application to develop the site that they own at 114-132 West 15th Street in the Central Lonsdale area of North Vancouver. The 25,206 SF site is currently improved with two older lowrise commercial buildings.
The site is designated Mixed Use Level 4B (High Density) in the Official Community Plan. This designation allows for a mix of higher-density multi-family and commercial uses with a maximum density of 4.0 FSR (including 1.0 bonus FSR). A further density transfer is proposed.
The application proposes a 22-storey mixed-use building, with two levels of commercial including retail and services at ground level, office commercial uses at level two, and 20 storeys of condo units above.
The proposal includes:
- 136 condo units;
- 38 one-bedrooms, 77 two-bedrooms & 21 three-bedrooms;
- 7,452 SF of ground floor retail space;
- 16,985 SF of 2nd floor office space;
- a total density of 7.05 FSR;
- 198 underground parking spaces.
The proposal includes 76,993 SF of density transferred from the Harry Jerome lands owned by the City. The purchase of the density comes at a price of $19,248,250 or $250 per SF.
The architect for the project is IBI Group.
