Local developer Pinnacle International is shifting its attention towards the final two phases of its redevelopment at Capstan Village in North Richmond.
According to the development permit application reviewed by the municipal government earlier in the spring, the remaining two parcels at the prominent southeast corner of the intersection of Sea Island Way and No. 3 Road will see a mix of uses within three towers, reaching up to 154 ft. The project is designed by Bingham Hill Architects.
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The east parcel at 3208 Carscallen Road will contain 207 residential units in a single 14-storey tower, including 41 affordable homes spanning 32,000 sq. ft. of floor area.
The larger west parcel at 3211 Carscallen Road will contain two towers, with 131 hotel rooms and 115 condominiums within the 14-storey south tower adjacent to the public park, and 200,000 sq. ft. of office space and 21,000 sq. ft. of retail space within the 12-storey tower next to the intersection corner.
Residents will have access to a combined total of 7,000 sq. ft. of indoor amenity space, and 35,000 sq. ft. of outdoor amenity space.
An extension of Hazelbridge Way, reaching the new Carscallen Road, which is as a cul-de-sac, crosses through the site.
The redevelopment is adjacent to the Canada Line’s future Capstan Way Station, which is set to begin construction by the end of this year for an opening in 2022.
Over much of the past decade, residential developments within the Capstan Village area have directly funded the vast majority of the $32-million cost of building the new additional SkyTrain station.
Pinnacle International’s first phase at Capstan Village has reached completion and occupation, and construction is currently ongoing on the second phase immediately south of the final two phases.
Other parcels of Capstan Village immediately east of the future station are owned by Concord Pacific for a similarly-scaled development.