Two years after receiving Richmond City Council’s approval for the overall concept of redeveloping Lansdowne Centre shopping mall, the long-envisioned project is moving forward.
Vanprop Investments, the owner of Richmond’s 50-acre Lansdowne Centre shopping mall, has entered into a joint venture with local developer Bosa Properties to begin the first phase of the redevelopment plan that has been long-envisioned.
A rezoning application has been submitted for the first phase of the redevelopment, which includes a mix of buildings with condominiums, rental homes, and commercial space. The first phase will have two condominium buildings with around 775 condominium homes in total and a purpose-built rental housing building with 300 units.
The entire first phase provides about 1,075 homes with a range of unit sizes to meet different household needs. If approved, construction on the first phase could begin in March 2025. The future retail offerings will be arranged as an outdoor “experiential lifestyle centre” instead of an indoor mall.
Upon full buildout, the entire mall redevelopment will generate 4,500 homes in 3.8 million sq ft of residential space for up to 10,000 residents and 688,000 sq ft of retail/restaurant uses, exceeding the 600,000 sq ft of floor area in the existing indoor mall.
The existing indoor mall will not be impacted by the construction activities of the first phase, as it will replace surface vehicle parking.