Condo, Development, Retail

Richmond Centre Redevelopment Will Include 2,000 Units & 130,000 SF of New Retail Space

Cadillac Fairview has submitted their formal application to initiate the redevelopment of Richmond Centre mall, announced earlier this year and the subject of public open houses this summer. Shape Properties has partnered with Cadillac to develop the residential component of the project.

The redevelopment of the southern portion of the 27 acre site, dubbed “CF Richmond Centre South” includes a two phase redevelopment of a horseshoe-shaped portion
of the south end of the existing mall.

The site does not actually require rezoning as the existing zoning allows for highrise residential towers; however, an OCP amendment is required to secure community benefits prior to DP issuance.

Details of the proposed new development include:

  • Approximately 2,000 residential units;
    • 1,850 market units & 150 affordable housing units;
  • 50% studio/1-bed units, 50% two & three bedroom units;
  • 419,114 SF of new commercial space (net increase of 129,513 SF after demolition)
  • A total of 2,500,000 SF;
  • A total density of 2.1 FAR (including remaining portion of existing mall);
  • Demolition of 290,000 SF of the existing mall and the multi-storey parkade;
  • Twelve towers up to a maximum height of 148 feet;
  • 4,000 off-street parking spaces on two-levels;
  • 43,056 SF of indoor amenity space;
  • A new City-owned street on the South edge of the property;
  • A new 0.5 acre public plaza.

The development will be constructed in two phases with completion scheduled for 2026, as follows:

  • 2018 – Sales centre construction and demolition of the former automotive shop (near the former Sears building)
  • 2019 – Opening of the sales centre and the start of Phase 1, including demolition (i.e. west half of the existing multi-storey parkade and a portion of the mall), excavation, and site preparation followed near year-end by the start of construction
  • 2021-2022 – Building-by-building completion and occupancy of Phase 1, beginning with the proposed underground parking and new retail space connected to the existing mall
  • 2022-2025 – Phase 2 demolition (including the former Sears building, the east half of the multi-storey parkade, and a portion of the mall), excavation, site preparation, construction, and occupancy

The architect for the project is GBL Architects.

September 17, 2018by david.taylor@colliers.com