Real Estate Forum April 2012

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Real Estate Forum April 2012 CITY OF RICHMOND Brian J. Jackson, MCIP Acting General Manager, Planning and Development

City Centre Area Plan Arthur Laing Oak St Airport Connector Moray Channel Middle Arm Fraser River Sea Island Way Capstan Way port Rd Cambie Rd Dinsmore Alderbridge Way Lansdowne Rd Westminster Hwy Granville Ave Blundell Rd Gilbert Rd No. 3 Rd Garden City Rd No. 4 Rd City Centre Boundary port Village Canada Line Station Capstan Village Village Centre Aberdeen Village Garden City Lands Lansdowne Village (Further Study Required) Brighouse Village

Certainty

Community Certainty

Political Certainty

Development Certainty

Clarity

Who pays for what when?

What are the total costs for developers? Land Construction Labour Materials Financing Holding costs Consultants Contributions Development Cost Charges Public Process

Where new services and facilities are proposed Village Centre Village Centre Existing Family-Oriented Neighbourhoods Future Family-Oriented Neighbourhoods W Mdilde Ar dle m F Armras Fraer Ri ser ver Riv er Mid Brighouse Village Dinsmore Alderbridge Way Lansdowne Village Alderbridge Way Lansdowne Rd Gr Lansdowne Rd Granville Ave Westminster Hwy Brighouse Village G Westminster Hwy Granville Ave Community Centre (North) Blundell Rd Blundell Rd Community Centre (North) Canada Line Station Canada Line Station Community Centre (South) Community Centre (South) Village Centre Community Centre (East) Village Centre Garden City Lands Community Centre (East) Community Centre (West) Garden City Lands (Further Study Required) Community Centre (West) City Centre Boundary Facilities to be ReplacedMajor Park (Future) Place Activity Centre (Further Study Minoru Required) (existing city-wide facility) Major Park Facilities to be Replaced Village CentreMajor Park (Existing) City Centre Boundary (Future) Minoru Aquatic Centre Village Centre Major Park (Existing) Minoru Place Activity Centre (existing city-wide facility) Garden City Lands Lang Public (existing School Land city-wide facility) Garden City Lands Public SchoolCentre Land (Further (Further Study Required) (existing city-wide facility) Study Required) Additional Study Minoru Aquatic Centre (existing city-wide facility) Lang Centre (existing city-wide facility) No. 4 RdNo. 4 Rd No. No. 43RdRd No. 3 Rd Gilbert Rd Granville Ave No. 4 Rd City Centre Boundary City Centre Boundary No. 3 Rd No. 3 Rd Gilbert Rd Gilbert Rd Blundell Rd Gilbert Rd Blu No. 4 Rd Garden City Rd We Oval Village No. 4 Rd Garden City Rd No. 3 Rd Gilbert Rd Gilbert Rd Family-Oriented and Min. cultural needs. Site Future Features: 4Neighbourhoods ha (10 Each ac.), centre 40% will be eco-amenity, a social and wellness focal point of Garden City Lands Garden City Lands urban forest & min. 20% Capstan Station Bonus* (Further Study Required) community (Further Study Required) Capstan Station Bonus* life for all ages, all ethnic non-permeable surface, sport courts, * The Base Level Open Space Standard will backgrounds, and all levels of ability be augmented in Capstan Village by publicly accessible areas secured for public park and high sports fields, playground, *quality The Base Level Open Space Standard will disability; related uses in respect to the Capstan * The Base Level Open Space Standard will beor augmented in Capstan Station Bonus be augmented in Capstan Village by publicly community &forand festival space, gathering a replacement aquatic centre Village publicly accessible2.7, areas secured for public related accessible areas secured public park and is Also see by maps in Section Recreational &park Cultural related uses in respectparking. to the multiple Capstan tanks and required, with garden, uses in respect to the Capstancommunity Station Bonus. Facilities. Station Bonus supplemented with several wellness Canada Line Cambie Rd Cambie Rd Plan outlines a 20-year strategy for Atwo newrange community centres are Program: broad of formal required, one activities, in the north and one in & informal recreational the south of the City Centre to provide community gathering & festivals, core services to a broad range of local environmental features, storm City Centre Boundary Childcare Priority Zone andlocal residents, to meet a wide variety management City Centre Boundary Canada Line Childcare Priority Zonewater Existing Family-Oriented Neighbourhoods of indoorfeatures. and outdoor basic recreation Lansdowne Rd Capstan Way Granville Ave replacing, retrofitting and upgrading Community Parks existing buildings, and for new facility er Aridm M dle FrAas rmer R Fraive serr Riv dle Westminster Hwy Dinsmore city, to the City4 Centre Site Features: Min. ha (10(e.g. ac.),gymnasium, 30% Lansdowne Rd weight room, fitness studio, seniors and urban forest & eco-amenity, plaza, youth program spaces, multi-purpose high quality site furnishings, public art, spaces, and informal gathering Westminster Hwy space). covered performance venue, gathering Strategy & social Proposed spaces, multi-purpose lawn, The approved PRCS Facilities Strategic informal recreation amenities. Location: Within 800 m (2,625 ft.) development. of major villages, co-located with In the City Centre, the following are Blundell Rd community facility where possible. proposed (see table on next page): Lansdowne Rd Sea Island Way Capstan Village Aberdeen Village Mid Challenge/Opportunity Program: Major civic events, public Facilities mustrecreation, be sustainable and gatherings, informal support responsive to diverse community needs. facilities, local storm water management There is a need to extend services that features. are currently available Alderbridge Way elsewhere in the A Lansdowne Village port Rd Oval VillageCapstan Way Ald port Rd Sea Island Way Moray Channel Cambie Rd C Aberdeen Village port Village Connector Airport Moray Connector Channel er R Fras Arm dle Mid Dinsmore Ca Dinsmore Airport The Minoru Place Activity Centre is port Rd City-Wide Urban Parks Sea Island Way undersized. More and different types Lansdowne Rd of spaces are needed to serve the Location:Capstan Near the major crossroads of older Way adult population. the Central Business District. Capstan Way Capstan Way Dinsmore iver Airport Connector Moray Channel Capstan Village Oak St Arthur Laing Laing Alderbridge Way B Sea Island Way Oak St Arthur Oak St Garden City Rd Garden City Rd iver F r as er R Arm dle M id Recreation Facilities Map CambieParks Rd Major Map A significant need exists for recreation Major parks comprise 40% of the open facilities in the City Centre. space system and serve the broadest Dinsmore The current Lang Centre is population, from the immediate significantly under-sized. neighbourhood tourists. Major Parks ThetoMinoru Aquatic Centre is at the include: end of its functional lifespan. Arthur Laing ild g gularly child care tion, icensing policy 0.5 ac. to frontage h access to ing areas, eas. (see Capstan Way Bylaw 8837 2.7.1 Parks Recreational Facilities 2.6.1 Major Child Care Map Parks Neighbourhood Map 2012/03/12 Brid Sea Island Way Channel Sea Island Way City of Richmond City of Richmond seity, and The s of the e mercial ity and termine ntial esidents, within a mut2 min crossing f age munity informal ng child ures &/or ments are t features. censing 1.5 ac. icensing or ecoability, ets, rovider sunlight, rt courts, each ens, n public elopments sd s within a ut crossing port Rd Garden City Rd City Rd Garden Airport Connector Moray Channel No. 3 Rd arks port Village Airport Airport Connector Connector Moray Moray Channel B

Challenges

Amenities and Services

Affordable Housing

Making sure that people understand that the growth they are seeing is anticipated City of Richmond

Conclusion

12,000 residential units under construction, being marketed, or going through the planning process

16 hotels with over 2500 hotel rooms

1.5 million square feet of office

2.4 million square feet of retail

$4 billion worth of development

Welcome to the City of Richmond