Development Land Recent Commercial Sales Retail Real Estate

Recent Sale: 8091 Park Road, Richmond

parkvillageThe Park Village Shopping Centre at 8091 Park Road in Richmond was recently sold for the price of $16,000,000. The zoning for the property is currently C-6 Commercial, but the new CCAP defines the area as T-6 Urban Core, a zoning that allows for 3.0 FSR with a 1.0 FSR Village centre bonus. The assessed value for the property is $14,494,000, with a site area of 92,713 square feet.

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