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.

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.

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.