Cressey Proposing Three Towers in Oval Village Area of Richmond

Cressey Development has applied to the City of Richmond to rezone 5640 Hollybridge Way in the Oval Village area of Richmond to build 244 residential units. The development includes:

• Two market residential buildings of 14/15 stories facing Lansdowne Road with a total of 218 units, located above commercial space on the ground and second floors.
• A 5-storey block facing Elmbridge Way with a 5,000 SF childcare facility and 15 affordable housing units located above street-oriented commercial space.
• Street-oriented commercial space with two levels of parkade located above.
• A block of 13 townhouses and street-oriented commercial space facing Hollybridge Way.

The site’s designation within the City Centre Area Plan allows for 2.0 FAR residential, with a requirement for 5% affordable housing and 1.0 FAR commercial. The total density proposed is 2.67 FAR (0.67 FAR commercial).

Source: City of Richmond