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Apartment, Condo, Development

Polygon Advances Updated “Coronation Heights” Development

Polygon is bringing forward an updated version of their Coronation Heights project to Coquitlam City Council. The 11.3 acre site is a former elementary school that was purchased in 2016. It sits directly East of Wesgroup’s proposed master plan community for Coronation Park, on the Port Moody side.

The original development application was made in March 2021 and has since been refined based on Council and community feedback. Polygon has also acquired additional surrounding lots now incorporated into the plan and has increased the total rental units in the project.

The current proposal includes:

  • Nine towers between 29-47 storeys in height;
  • 2,834 residential units;
  • 2,050 condos;
  • 784 rental units including below market units;
  • a total density of 5.53 FAR;
  • a one-acre public park on the Northwest corner;
  • two child care centres;
  • a 27,000 SF amenity building;
  • 3,600 SF of commercial space.

The project is intended to be built over 6 phases.

The overall project DCCs, density bonus payments and CACs are estimated to be $140 Million.

September 26, 2022by david.taylor@colliers.com
Apartment, Development

28 Rental Units Proposed for SW Marine Drive Site

A rezoning application has been submitted to the City of Vancouver that would allow a new rental townhouse development on a one-acre single family lot at 1890 SW Marine Drive in Vancouver.

The site is currently improved with a newer 4,300 SF house with a pool and tennis court. The house was built in just 2005. It most recently sold in 2017 for $10,500,000.

The zoning would change from RS-1 to CD-1. The proposal includes:

  • 28 secured market rental units;
  • A total density of 0.73 FSR;
  • Building heights of 41 ft.; and
  • 24 underground vehicle parking spaces and 68 bicycle parking spaces

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Stuart Howard.

September 17, 2022by david.taylor@colliers.com
Apartment, Development

57-Unit Rental Building Proposed for Central Lonsdale

A rezoning application has been submitted for an existing apartment property at 124 West 20th Avenue in the City of North Vancouver.

The proposal seeks to replace an aging 22-unit rental apartment building with a new 6-storey rental apartment building.

The property is located in the Central Lonsdale area, along the north side of West 20th Street, between Lonsdale Avenue to the east and Chesterfield Avenue to the west. The site is designated Residential Level 5 (R5) in the OCP. It supports a maximum density of 2.60 FSR (including 1.0 bonus FSR for purpose built rental housing).

The proposal for the site includes:

  • 57 rental apartment units;
    • 5 studios, 23 one-bedrooms, 22 two-bedrooms & 7 three-bedrooms;
  • a total density of 2.59 FSR;
  • 53 parking stalls.

The architect for the project is RLA Architects.

June 10, 2022by david.taylor@colliers.com
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