Existing warehouse buildings near the Richmond Olympic Oval are being torn down in preparation for the development of a hotel and residential complex.
The Landa development, at 6851 to 6871 Elmbridge Way, will include 365 residential units and a 189-room hotel.
Demolition of the site has begun and is expected to be completed by June, according to a spokesperson with Landa Global Properties.
They added the Landa team is also "in the process of working with city staff on refining the approved development."
"We are monitoring the market and adapting the project to reflect evolving conditions and to ensure we have a project that delivers the long-term housing needs in the area and supports the long-term growth and livability of the neighbourhood.”
Last April, Richmond city council approved an application extension to Landa Global Properties after asking the developer to do some extra work on traffic management.
The development was grandfathered into the 10-per-cent affordable housing requirement for Richmond's city centre developments due to the timing of its application.
However, if council had not approved an extension, Landa would have been required to provide 15 per cent affordable housing units (from 30 to 45 units), in line with the city's updated requirements for city centre developments.
-with files from Maria Rantanen
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