Landa Global has acquired a 3.4 acre development site on Elmbridge Way in the City Centre area of Richmond for $60 Million. The site is designated Urban Centre T5 within the Oval Village subarea of the City Centre Area Plan.

A rezoning application had been submitted by the previous owner to allow a high-density mixed use residential hotel development in three towers.

The site at 6851 & 6871 Elmbridge Way had been listed for sale with Avison Young in 2019:

We reported the site’s previous sale in 2014. The purchase price at that time was $31,300,000.

An Official Community Plan amendment and rezoning application has been submitted to the City of Port Moody for a new development with two buildings containing a combined total of 210 residential units.

The 1.35 acre site is configured in an “L” shape and consists of six lots located at 3101 & 3103 St. Johns Street, as well as 3104-3112 St. George Street at the corner of Buller Street and just west of Moody Middle School. Each of the subject lots is currently occupied with either a single family home, duplex, or quad-plex.

Details of the proposed development include:

• 210 total residential units in two buildings (120 & 90 units);
  • 157 condo units;
  • 32 market rental units;
  • 21 below-market rental units;
  • 2 studios, 145 one-bedrooms, 54 two-bedrooms & 9 three bedrooms;
• 9,331 SF of commercial space (intended for daycare use) on the ground floor;
• a total density of 2.80 FAR;
• 306 parking stalls on two underground levels.

The architect for the project is WA Architects.

The site was assembled in 2018 for $21,200,000, or $209 per buildable SF based on the rezoning application.

Tatla Developments has submitted a rezoning application for a mid-block site on Kingsway in the latest rental application for the area. The 9,076 SF site is located at 1247 Kingsway, in between Inverness Street and Clark Drive.

The zoning for the site is currently C-2, but the rezoning application proposes:

• 31 market rental units;
  • 15 studio units, 12 two bedrooms & 4 three-bedrooms;
• 3,800 SF of retail space;
• a total density of 3.60 FSR;
• a building height of 70 ft; and
• 16 underground parking stalls and 100 bike spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Stuart Howard.