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Land For Sale • 1.07 AC
The property is zoned RCL5 and has an approved Development Permit issued in 2021, allowing for a 14-storey mixed-use project totaling 169,390 SF of buildable area. The approved plans include 72 hotel suites, 128 market strata units, 9 affordable rental units, and 8,240 SF of commercial space. This entitlement significantly reduces development risk and positions the site as one of the last large-scale opportunities in Richmond’s urban core. With strong demographic fundamentals, rapid population growth, and ongoing densification in the Capstan neighborhood, this site offers exceptional long-term value for developers and investors seeking a turnkey project in one of Metro Vancouver’s most desirable growth nodes.
| Unique scale with over one acre of land area |
| Corner exposure with riverfront views |
| Steps from Capstan Station |
| Two tower form will allow for phasing |
| Rectangular shape maximizing efficiencies |
| Multiple access points on three sides of the Property |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 21 min | - | 8.2 mi | |
| 23 min | - | 9.1 mi | |
| Airport | Drive | Walk | Distance |
| Vancouver International | 14 min | - | 4.0 mi |
Brad Newman-Bennett
Cushman & Wakefield
Brad Newman-Bennett
Cushman & Wakefield