A massive 9-tower project in Coquitlam, with nearly 3000 units planned, is up for public hearing. realestate realestatenews developments housing Coquitlam BC
over a decade ago. Polygon has since refined its proposal to incorporate previous feedback from Council, acquired adjacent parcels of land, and updated its development proposal, which got its First Reading on January 16.
The development site is located between Guildford Drive and Barnet Highway on the north and south, the Cambridge Court townhouse community to the east, and Balmoral Drive to the west. Balmoral Drive serves as the border between Coquitlam and Port Moody, and Wesgroup Properties is developing an equally sprawling master-planned community — Coronation Park — on the other side of Balmoral Drive.
The first phase will bring a 332-condo building with a 3,000-sq.-ft childcare facility, a 298-unit rental building, a public park, and an amenity building that would also include approximately 3,600 sq. ft of retail space.Phase Two then adds a 334-unit condo tower and Phase Three would subsequently add a 351-unit condo tower, plus a 264-unit rental tower that includes a 49-space, 7,000-sq.-ft childcare facility.
Of the 2,835 units, condos would account for 2,050 while rental units would account for the remaining 785. Approximately 26.67% of the rental density — around 210 units — will also be secured at below-market rates.Polygon is seeking to rezone the site to allow for the proposed density, and consolidate 12 parcels of land before then re-subdividing them into 11 parcels to accommodate the different buildings and phases.
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