The Paramount worksite on No. 3 Road is currently just a huge hole in the ground but its sales brochures promise an “international lifestyle” with luxury amenities and homes.
A concrete pouring event was held on Thursday afternoon for the residential and office complex across from Richmond Centre, which will include 560 residences – 27 will be affordable rentals – 84 offices and 24 retail spots.
There will also be a 19,000 square feet child care centre for 89 children. In addition, there will be 11,000 square feet outdoors for the child care centre.
Anna Wang, owner of Keltic Development, was joined by Richmond mayor and several councillors and city staff, wearing hard hats, safety vests and safety glasses in a photo-op at the development, which is already 70 per cent sold.
Wang lived in Richmond when she first moved to Canada 14 years ago, she explained.
“We landed in Richmond and fell in love with this city,” she told the crowd on Thursday. “It is where we bought our first home and where we started Keltic Development just three years ago.”
The project is expected to be ready in three years.
Mayor Malcom Brodie pointed out development site was the former site of London Drugs and Staples and other smaller shops. This project is part of the city’s plan for transit-oriented densification of the city centre, he explained.
“This is a fundamental part of that vision,” he added.
There will be three residential towers and an office tower whose second floor, 19,000 square feet, will be a child care centre for 89 children. In addition, there will be 11,000 square feet outdoors for the child care centre.
The building will be hooked up to the district energy system.