Polygon has completed on the acquisition of a 0.71 acre site comprising the surface parking lot at Regent College, adjacent the UBC campus on Wesbrook Mall and University Boulevard.

The completion follows the University Endownment Land’s recent approval of a rezoning of the site to allow an 18-storey, 4.0 FAR residential building that includes 108 condos and 49 affordable rental units above ground floor retail.

The sale price for the site was $28,697,000, equating to $234 per buildable SF based on the gross buildable area in the approved application.

Polygon has submitted a rezoning application to the City of Coquitlam for a 2.6 acre site on Inlet Street in the City Centre area.

The property is currently occupied by 36 strata townhouses. The strata owners voted to wind-up the strata and sell the property to Polygon.

The site is designated Medium Density Apartment Residential in the OCP.

The proposal for the site includes:

• Three 6-storey buildings;
• 284 condo units;
  • 34 one-bedroom units; 220 two-bedrooms units & 30 three bedrooms;
• a total density of 2.30 FAR;
• 385 parking stalls.

The architect for the project is Integra Architecture.

Polygon has submitted a rezoning application to the City of Burnaby for a site at 2300 Madison Avenue in the Western area of the Brentwood Town Centre area of Burnaby.

The 6.5 acre site is comprised of two lots. 2300 Madison is improved with older industrial buildings. The other lot is a BC Hydro Right of Way. The lots are designated high-density multiple family residential development utilizing the RM-4 and RM-4s designations.

The proposal for the site includes four residential towers, as well as a non-market rental lowrise above stuctured and below grade parkings.

Details include:

• Four towers from 35 to 42 storeys;
• a 6-storey non-market rental building;
• a total density of 4.60 FAR (1.3M SF);
• 1,261 condos;
• 200 non-market rental units;
• 1,394 parking spaces.