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Condo, Office, Retail

Mixed-Use Development Pitched for 4 Acre Richmond Site

Thind Properties has applied to the City of Richmond for permission to rezone a 3.9 acre site at 5740, 5760, and 5800 Minoru Boulevard, in the Lansdowne Village area of Richmond.

Thind acquired the site in 2018 for $60,000,000.

The proposed concept for the site was first unveiled in late 2019. The formal application now confirms a high-rise, high density, mixed use development to replace the existing older commercial/industrial buildings on site.

The project comprises a 12-storey office tower and three residential towers.

Details include:

  • 429 residential units;
  • 341 condos and 88 affordable housing units;
  • 162,000 SF of office space;
  • 25,000 SF of retail space;
  • a total gross density of 3.20 FAR;
  • 632 parking spaces.

Prior to rezoning adoption, legal agreements will be registered on title to limit subdivision by air space parcel or strata-title on a floor-by-floor basis (to ensure the development provides for flexible, large floorplate office spaces).

The architect for the project is IBI Group.

July 9, 2020by david.taylor@colliers.com

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