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.

A development application has been submitted for the Northeast corner of Granville and Drake Streets in Downtown Vancouver. The corner has long been home to 7-Eleven.

The 50 foot (6,000 SF) corner lot was sold in February 2019 for $8,000,000. The zoning is DD.

The plan for redevelopment of the site is a 6-storey, mixed-use building that includes:

• 29 residential units;
• 24 one-bedrooms & 5 two-bedrooms;
• 1,300 SF of retail space;
• a total density of 3.50 FSR;
• a building height of 70 ft.;
• 3 at grade parking spaces having vehicular access from the rear lane.

The application describes the design rationale: “The proposal seeks to develop a single linear corner site to accommodate a stacked 6-storey building comprising of a single level of commercial use on the ground floor and five levels of residential units above. The building will be serviced by a single basement level housing bicycle parking, bulk-storage lockers, and service rooms.

As per the guidelines, there is zero building setback along the Granville and Drake Street sides, and a 15’ building setback along the lane edge. The main commercial space on the ground floor is located on the corner of Granville and Drake, allowing for continuous commercial continuity along Granville and a strong anchoring exposure to the corner of the street intersection. This commercial space is serviced by a Class B loading bay at the lane side, connected via a loading corridor that runs along the firewall edge of the building.

The residential entry is accessed off the quieter Drake Street side, providing clear visual identity away from the commercial corner. The five residential levels above house a total of 29 units consisting of junior one bedroom unit, regular one bedroom units, and larger two bedroom units. Each unit has access to a private balcony and a designated bulk-storage locker in the basement.”

The architect for the project is GBL Architects.

We are pleased to present this 14-acre residential/mixed-use development site in Burnaby, located adjacent the Sperling-Burnaby Lake Station.

Please download our brochure for further information about the Property.