patterson rd. p
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PPatterson Rd.Mixed-Use Redevelopment Site, Richmond
Garden C
ity Road
Sea Island Way
Sexsmith Road
No.
3 R
oad
Capstan Way
Future Capstan Station
Bridgeport Road
~197 ft
~205 ft
~40,236 ft2
Gross Site Area
~42,679 ft2
Assembly Potential
` 8831-8891 PattersonProperty Details
vancouver downtown
32 minute transit
19 minute drive
lougheed town centre
67 minute transit
27 minute drive
burnaby metrotown
57 minute transit
18 minute drive
86 minute transit
30 minute drive
guildford town centre
Urban Centre T-5 (35m) Designation Mixed Multifamily/Commercial
Base Residential Density1.2 FSR
Affordable Housing Bonus+0.8 FSR in exchange for 10% Residential Area allocated for affordable
Village & Capstan Station Bonus+1.0 FSR Commercial & +0.5 FSR Residential.
Mixed-Use High rise with Large format Commercial podium at grade
~ 40,236 sq.ft. Current Redevelopment Site Area
up to 3.5 allowable FSR - ~ 140,826 ft2 gross buildable area
Capstan Stn Contribution: $9,026.20/dwelling Village Bonus: 5% of bonus area as community space
Gammon International is pleased to introduce a prime mixed-use redevelopment site located less than one kilometer from the future Capstan Station in Richmond’s City Centre neighborhood. The site features 205 feet of frontage on Patterson Road, 197 feet depth and a total site area of approx. 40,236 sq.ft.
richmond neighborhood
City Centre
current zoning & use
RS1/F, Residential Single Detached
nearest skytrain station (dist.)
Future Capstan Station (600 metres)Bridgeport Station (750 metres)
total assessed value (2021)
$12,652,400
price guidance
contact listing agents
Richmond OCPCapstan Village Densities
Mixed-UseRedevelopment Potential
average family size
2.7 people
population
54,280 residents
avg household income
$70,073 per yr
amenities
400+ Shops & Services
19%
0-19 20-34
21%
35-64
43%
65+
18%
37,100 dwelling units
2%
22%
37% 39%
R i c h m o n d C i t y C e n t r edemographics*
City CentreNeighborhood
Richmond’s City Centre neighborhood is at the heart of British Columbia’s fourth largest city. Spanning approximately 2,300 acres in size and including 5.5 km of shoreline along the Fraser River, the City Centre is home to approximately one third of Richmond’s population. The City Centre Area Plan estimates this population to triple over the next century and provides a framework for growth centered around creating a mixed-use and transit-oriented village network.
The new Capstan Station, anticipated to begin construction in Spring 2021 and to complete and be operational by early 2023, will support the growing development in the area. The arrival of the station will provide convenient access to all parts of greater Vancouver for residents in the subject’s Capstan Village Area, which projects up to 16,000 new residences once nearby developments are completed.
NearbyDevelopments
PARC PATTERSON 8931 to 8991 Patterson Rd, Richmond
14-Storey 170 Unit Market Condo & Hotel by DAVA Developments
PARC SEXSMITH 3360 & 3440 Sexsmith Rd, Richmond
464 market condos with Retail at Gradeby DAVA Developments
TORINO3220 No. 3 Road, Richmond
185 market condos, est. completion: 2021by Pinnacle International
6631 No. 3 Road, Richmond165 Residential Condos, est. completion: 2023
by Concord Pacific*Source: Stats Canada, 2016 Census for
Richmond Centre (electoral district)
Stanley Chiu President, Gammon Internationalpersonal real estate corporation
Howard Mak, mba Vice President, Investment Sales & Marketingpersonal real estate corporation
This communication has been prepared by Gammon International for advertising and general information only. Gammon International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. The recipient of this information should undertake their own inquiries as to the accuracy of the information provided hereinP