PINNACLE PARK PLACE, Richmond
Pinnacle International, Concord Pacific, and Sun Tech City Developments have applied for rezoning and the construction of a 17.2 acre parcel of land bounded by No. 3 Road, Sea Island Way, Sexsmith Road, and Capstan Way. This is a huge proposal, and it includes:
- 16 high-rises up to 14 storeys in height
- 25-space daycare
- 100-units of social housing (five per cent of the total residential component)
- 2,134 residential units
- hotel
- retail and commercial
- $250,000 worth of public art
- live-work units (the idea is that shop owners would live above their ground-floor retail operations - something that reduces reliance on cars)
- parking reductions of 35%, compared to city by-law standards
- developer contributing $15 million to fast-track the construction of the Canada Line's Capstan Station, adjacent to the development. Construction on the station could start after the line is completed, in 2010.
- a transit-oriented development
- sustainability: green roofs and geothermal heating
- a 1.4-acre city-owned park
Concord Pacific owns 1/3rd of the site (
http://www.concordpacific.com/gateway) while Pinnacle owns 2/3rds of the site.
View from No. 3 Road
View from Sexsmith Road & No. 3 Road
[Richmond] Pinnacle Park Place | 16-towers | 5-15 fl | u/c
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