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This 87,252 SF development site is located on the corner of Gilbert Road and Elmbridge Way in Richmond’s City Centre, just blocks from the Richmond Oval, Richmond Centre, and Lansdowne Centre. The property is zoned CDT1 (Downtown Commercial), which provides for residential uses with 3.0 FAR of density and a maximum height of 47 metres (154 feet) - no rezoning or social housing commitments required. Richmond's Official Community Plan (OCP) is consistent with the current zone's use and density. The Property is currently improved with a condo sales centre trailer and a vacant commercial building along with a paved parking lot that is being used for urban farming. All leases are short-term and a potential project could begin construction months before other competing sites in the area due to the Property's attractive zoning entitlements.