Contact us for further info.

A two acre property in Richmond’s City Centre area has sold for $24,550,000. The site, at 7100 Elmbridge Way, is currently occupied by industrial buildings, but is designated within the City of Richmond’s City Centre Area Plan for Urban Core T6 in the Landsdowne Village sub-area. This designation allows for redevelopment for mixed-use including residential up to 2.0 FAR.

The buyer was Xpec Development. Xpec has other projects on the go in Vancouver including sites on Fraser Street and Oak Street.

Concord Pacific is moving forward with plans for 89 Nelson Street, a 51,381 SF site at the foot of the Cambie Street bridge, across the street from their 435-unit “One Pacific” project, currently under construction.  As part of the rezoning approval last year, they are required to obtain approval of a preliminary development permit.  Francl Architecture designed the project, which has an interesting design. The proposal includes:

• a 29-storey mixed-use building containing commercial use on the ground floor
• 588 residential units
• overall height of approximately 287.8 feet  for the north portion and 275 feet  for the south portion; and
• four levels of underground parking, containing 520 parking spaces with vehicle access from Expo Boulevard.