Construction on the major Lansdowne Centre redevelopment project in Richmond could start as early as March 2025.
Vanprop Investments has entered into a joint venture with Bosa Properties for Phase 1 development of Lansdowne Centre, a retail mall and hub in the heart of the Richmond since 1977.
A rezoning application has been submitted for the Phase 1 development which would launch revitalization of this important destination, to create an inclusive, amenity-rich community with retail, entertainment, culinary, public spaces, and new housing, including rental and below-market rental, all close to public transit.
“With Bosa Properties as our partner for the Phase 1 development, we are excited to bring our Master Plan to life by energizing the existing Lansdowne Centre and unlocking the potential of a retail-centric site, while expanding on its ability to contribute to the city and region,” said Kevin Hoffman, CEO Vanprop Investments.
Lansdowne Centre will remain open and operational during initial redevelopment, and will be gradually replaced in later phases of the project to make way for additional housing, retail, and public spaces.
Two condominium buildings and one low-rise building will be developed in Phase 1. The existing mall will be removed in later phases of the project, ultimately being replaced by a new mixed-use retail complex of approximately the same size. The new retail will be designed as an experiential, outdoor lifestyle centre rather than the covered mall that exists today.
“Bosa Properties is incredibly proud to partner with Vanprop to kick off the redevelopment of Phase 1 at Lansdowne Centre,” said Colin Bosa, CEO, Bosa Properties. “Community building has always been at the heart of Bosa Properties and we’re working together with our partner to create a holistic, mixed-use destination that brings new energy to the heart of Richmond – setting the tone for evolving lifestyle trends and offering new housing options for a growing city.”
Phase 1 will guide the future development of commercial, residential, amenities, and park space across the 50-acre site, to the benefit of the community. The Master Plan and OCP (Official Community Plan) Amendment were approved by Richmond City Council in March 2021.
