City of Richmond: CF Richmond Centre Redevelopment - Affordable Housing and Market Rental Contribution

Affordable Housing and Market Rental Contribution

The City of Richmond Council has given first, second and third readings to permit the City of Richmond to enter into an Affordable Housing Agreement and a Market Rental Agreement with RC (South) Inc. These agreements aim to secure a five (5) percent affordable housing contribution comprised of approximately 150 affordable rental housing units in two stand-alone buildings plus 200 market rental units (with 40% family friendly:  2 - 3 bedroom units) in the proposed development located at 6551 No. 3 Road (CF Richmond Centre).

Redevelopment Context

GBL Architects has applied to the City of Richmond to amend the Official Community Plan (“OCP”), Schedule 2.10 (City Centre Area Plan) at 6551 No. 3 Road to permit a high-rise, mixed use project on roughly 50 per cent of the property occupied by the south end of the CF Richmond Centre shopping centre. This OCP Amendment application provides for the subdivision of 6551 No. 3 Road into three lots and the development of approximately 2,200 residential units on Lot 1 (Phase 1) and Lot 2 (Phase 2)

For more information on the above, please click the links below:

• Affordable Housing Agreement Report 
• Market Rental Agreement Report