Keltic Canada Development announced Tuesday one of the largest land deals in Metro Vancouver in 2021, with the purchase of 27 acres at No. 2 Road and River Road in Richmond.
The site is currently occupied by light industrial and commercial tenants and is located next to the Richmond Olympic Oval. Keltic Canada Development is planning a “significant” development, with residential, commercial and industrial spaces. The initial plan calls for 23 per cent of the land (6.4 acres) to be developed into green space.
“The acquisition of this piece of land presents us with an opportunity to work with the City of Richmond
and the public to design and develop their dream, and to create something that will have a positive and
lasting impact on this community for generations to come,” said Rachel Li Lei, Managing Director, CEO
Keltic Canada Development, in a press release.
Vancouver-based Keltic Canada Development is currently developing projects in North Vancouver, Burnaby, Richmond and Vancouver.