7 9 6 0 A L D E R B R I D G E W A Y R I C H M O N D , B C
7 1 , 0 0 0 S F O F B R A N D N E W T R A N S IT O R I E NT E D
R E TA I L I N T H E H E A RT O F R I C H M O N D
DarkPMS 309
LightPMS 3248
Reversed
R E TA I L U N I T S F O R L E A S E
E X E C U T I V E S U M M A R Y
Municipal Address 7960 Alderbridge Way Richmond, BC
Availability Completion estimated 2022
Pricing Please contact listing agents
Estimated Operating Costs (2021) Please contact listing agents
Zoning
CA (this commercial development zone allows for wide range of commercial uses, please contact listing agents for a copy of the complete zoning bylaw)
Parking 224 retail parking stalls
Development
822 residential units*38 affordable units*115 rental units*669 market units
130,000 sf office71,000 sf retail
K E Y H I G H L I G H T S
Avison Young is pleased to present the opportunity to
purchase or lease transit oriented retail space in the heart of
Richmond, at the corner of No. 3 Road and Alderbridge Way.
The subject property will comprise of 7 towers, approximately
800 residential units, 130,000 square feet of office space and
71,000 square feet of retail space and a public pedestrian plaza.
It is located at the centre of a dynamic developing community,
with great access from nearby residential, office, and transit
population.
Atmosphere is located directly across the street from
Lansdowne Canada Line SkyTrain Station (9,200 passengers
daily) and Lansdowne Centre, where plans to redevelop the
50-acre shopping centre property are underway. The subject
property is a five-minute drive away from Highway 91 or
Highway 99, 10 minutes away from Vancouver International
Airport, and under 30 minutes by car or SkyTrain to Downtown
Vancouver.
The subject property is centrally located within the City of
Richmond. With a focus by the City of Richmond on densifying
No. 3 Road along the Canada Line. Atmosphere is positioned
at the epicentre of a growing city centre community, servicing
urban residents, office workers and commuters.
LOCATED IN THE HEART OF RICHMOND
LIVE, WORK & PLAY DEVELOPMENT
HIGH TRAFFIC AREA
FRONTAGE ON BOTH NO. 3 ROAD AND ALDERBRIDGE WAY
DIRECT ACCESS TO CANADA LINE SKYTRAIN
O P P O R T U N I T Y
PUBLIC PEDESTRIAN PLAZA
OFFICE130,000 SF
RESIDENTIAL - MARKET669 UNITS
RETAIL71,000 SF
RESIDENTIAL - RENTAL115 UNITS
RICHM
OND-BRIG
HOUSE
STATION
KWANTLEN P
OLYTECHNIC
UNIVERSIT
Y
PRICESM
ART
LONDON D
RUGS
RICHM
OND HOSPIT
ALSUPERSTORE
T&T SUPERM
ARKET
WORKSAFE B
COLY
MPIC
OVAL
RICHM
OND CENTRE
GLA
: 795
,908
SF
LANSDOWNE C
ENTRE
GLA
: 600
,000
SF
CADENCE
GLA
: 70,
000
SF
22,4
00 C
OM
MU
TER
S D
AIL
Y
NO. 3 ROAD 28,300 VPDALDERBRIDGE WAY 25,814 VPD
LANSDOWNE ROADNEW EAST-WEST ROAD
NEW NORTH-SOUTH ROAD
DarkPMS 309
LightPMS 3248
Reversed
LANDSDOWNE
STATION
9,20
0 C
OM
MU
TER
S D
AIL
Y
SUBJECT PROPERTY
The City of Richmond has
transformed from a rural, local
community to an international city
with a balance of urban, suburban
family, and rural areas. The City has
focused its growth plan on live, work
and play urban densification along
the Canada Line, between Bridgeport
Road and Westminster Highway.
Directly across from the subject
property, Lansdowne Centre is
planning to redevelop their 50-acre
property over the next 10 years with
up to 24 new towers inclusive of
residential, office, retail, and a city
park.
New residents and tenants are
attracted to the area’s central
location, amenities, quality of life and
price point for residential.
R I C H M O N D ’ S G R O W T H & E V O L U T I O N
TRANSIT SCORE
94BIKE
SCORE
75
WALK SCORE
84
][
][
RICHMOND (TRADE AREA)
T R A D E A R E A C E N S U S
S U M M A R Y
The City of Richmond is located on Canada’s Pacific Coast, favourably
situated within Metro Vancouver in close proximity to the City of Vancouver
and the U.S. border. It is ethnically diverse and a growing urban centre of
approximately 207,963 residents (2018 estimate, PCensus), making it the fourth
largest city in the province. Quick and direct access to Downtown Vancouver
and Vancouver International Airport (YVR) via the Canada Line SkyTrain makes
Richmond an ideal place to live, work, and play.
Richmond is geographically positioned as a “gateway” with superior land, sea
and air connections, providing local businesses with a competitive advantage.
Its economy supports over 126,000 jobs in various industries including
retailing, services, tourism, technology, light industrial, aviation, agriculture,
fishing and government.
A city of stunning mountain vistas, beautiful waterfront sunsets and vibrant
urban living, Richmond is known for the Gulf of Georgia Cannery, Britannia
Shipyards National Historic Sites, the charming seaside village of Steveston,
world-famous Asian summer night markets, and vibrant Chinese New Year
celebrations. The City gives its residents and visitors a unique “Far East meets
West Coast” experience of authentic Asian culture along with the attractions
and activities of the Lower Mainland’s Western Seaboard.
C I T Y O F R I C H M O N D
U N I T S A V A I L A B L E
Unit 1 16,631 sf
Unit 2* 2,045 sf
Unit 3* 1,315 sf
Unit 4* 2,168 sf
Unit 5* 1,137 sf
Unit 6* 4,649 sf
Unit 7* 4,055 sf
Unit 8* 3,990 sf
Unit 9* 5,571 sf
Unit 10* 7,277 sf
Unit 11* 19,576 sf
Unit 12 2,615 sf
*Units may be combined or demised
F L O O R P L A N
2018 POPULATION ESTIMATION
97,358
TOTAL HOUSEHOLDS
39,537
CHANGE IN POPULATION (2018 to 2023)
9.2%
AVERAGE HOUSEHOLD INCOME (2018)
$74,491
TOTAL DAYTIME POPULATION
101,976
LANSDOWNE CENTER GLA: 600,000 SF
FUTURECROSSWALKLANSDOWNE STATION
9,200 COMMUTERS DAILY
N E W N O R T H - S O U T H R O A D
AL
DE
RB
RID
GE
WA
Y (
28
,81
4 V
PD
)
NE
W E
AST
-WES
T R
OA
D
N O . 3 R O A D ( 2 8 , 3 0 0 V P D )
PUBLIC PLAZA
PUBLIC PLAZA
UNIT 1 16,631 sf
UNIT 2 2,045 sf
UNIT 3 1,315 sf
UNIT 4 2,168 sf
UNIT 5 1,137 sf
UNIT 6 4,649 sf
UNIT 7 4,055 sf
UNIT 8 3,990 sf UNIT 9
5,571 sf
UNIT 10 7,277 sf
UNIT 11 19,576 sf
UNIT 12 2,615 sf
Please contact Avison Young for further details on the opportunity
Mike Hodge*, [email protected] *Mike Hodge Personal Real Estate Corporation
Daniel Lee*, Principal [email protected] *Daniel J. Lee Personal Real Estate Corporation
© 2019 Avison Young. All rights reserved.
E. & O.E.: The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
avisonyoung.com