Polygon Development has submitted a rezoning application to the District of North Vancouver for a 3.5 acre site they own in the Lynn Valley Town Centre area.
The site is a combination of two properties:
- 1246-1268 Lynn Valley Road is currently occupied by two-storey strip mall.
- 3050-3174 Baird Road is currently occupied by Draycott Gardens, a 32-unit rental townhouse complex built in 1972.
The OCP designation for the site is: Residential Level 5: Low Density Apartment and Residential Level 6: Medium Density Apartment.
The rezoning application proposes four 6-storey buildings that include:
- 408 total units;
- 64 rental units (including 32 replacement rental units);
- 344 condo units;
- 27,000 SF of commercial space;
- Two levels of underground parking with 450 stalls.
- A total density of 2.50 FSR.
An overview of the proposal can be viewed here:
The site was acquired for a combined value of $59,400,000 in 2021.
