Quote:
Originally Posted by whatnext
Lanada Global again. Curious as to where their money is coming from. They have at least two projects almost complete with units still available: Main & 20th and Chateau Laurier, and some very expensive property on Alberni. That's a lot of cash tied up from somewhere....
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They have a lot of projects. Interesting that they are proposing 13-16 storeys, I'm not sure if Richmond allows that kind of height. Sold for 31.3 back in 2014 and 60 today. Definitely a good idea to put a hotel in the area as there are several competitive events at the Oval and the Oval is bleeding money so it needs more business. Honestly with River Green and other new developements in the area I have this suspicion that Richmond is planning to make this their Yaletown. After all, currently Richmond only has Steveston Village as its trendy waterfront business district which they can't really expand since there's too many heritage buildings there. Plus rich people don't want to live beside a fish market and its too far away from central Richmond. Its actually crazy how many huge luxury condo buildings they are squeezing into that area. Plus they made an artificial beach infront of the Oval that I was very surprised to discover. They are building a dock for pickup/dropoff which is pretty cool and allows for creating a water taxi. Rather than this being individual developments it feels like the city is creating an entirely new neighbourhood. This appears to be a massive change for Richmond given its population of 220k it is creating enough condos to house 10% of its population in a formerly desolate area.
River Green Development Master Plan
Village Plan (note the developments look a lot different than what was planned).
Oval Village
The Dock
This is one of the designs for "Bridgeport Village" which the city has considered connecting via Aqua Bus
https://www.richmond-news.com/news/weekl...bus-is-around-the-river-s-bend-1.1994042