Landa Global Acquires Richmond Hotel/Condo Site
Landa Global has acquired a 3.4 acre development site on Elmbridge Way in the City Centre area of Richmond for $60 Million. The site is designated Urban Centre T5 within the Oval Village subarea of the City Centre Area Plan.
A rezoning application had been submitted by the previous owner to allow a high-density mixed use residential hotel development in three towers.
The site at 6851 & 6871 Elmbridge Way had been listed for sale with Avison Young in 2019:
We reported the site’s previous sale in 2014. The purchase price at that time was $31,300,000.
Own an office building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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