Time is quickly running out on the old Dairy Queen building on Buswell Road after a development permit to build a 15-storey tower was approved by city council on Monday.
The development concept, known as Alfa, was approved last year as the vicinity labelled Brighouse Village undergoes significant densification.
Four towers, including Alfa, will be built a stone’s throw away from Richmond City Hall within the next year. Already under construction is the Storeys subsidized housing complex for low-income and/or vulnerable residents. That tower will accommodate 129 housing units.
Along No. 3 Road will be an 11-storey office tower with ground level retail space and a nine-storey residential tower along Anderson Road. Those towers are already being seismically prepared with pre-fill.
Alfa will boast 111 residential units when complete, eight of which will be one-bedroom subsidized rental units (monthly rents of $950, stipulated by a housing agreement via the city, for those with household incomes below $38,000).
The tower will be heated and cooled with a private geothermal system.
Restaurants and retail will be on the ground level.
Further up Buswell is another tower development under construction, Regent, which replaced the old Legend’s Pub.
