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

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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

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LANDSDOWNE

STATION

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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*, Principal604.757.5104mike.hodge@avisonyoung.com *Mike Hodge Personal Real Estate Corporation

Daniel Lee*, Principal 604.757.5102daniel.lee@avisonyoung.com *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.

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