One of the largest mixed-use developments in Metro Vancouver is showing visible progress as construction of the $267 million Paramount project in Richmond rises above grade. The Downtown Richmond site, located across from CF Richmond Centre, had been home to a strip mall. Its replacement consists of three 15-storey residential buildings and a 12-storey office building, each boasting distinct contemporary designs by GBL Architects.
The Paramount is part of Keltic Canada Development's expanding real estate portfolio in Metro Vancouver. The development will add 536 studio, one-, two-, three- and four-bedroom residences, 102,600 square feet of office space, and 28,600 square feet of retail space to the core. A 19,000-square-foot early childhood development hub is also planned.
Window wall and balconies will characterize the residential component of the project, while the AAA office tower—offering plans ranging from 538 to 1,600 square feet with the ability to combine units—will be clad in curtain wall. Its unique geometric massing and latticed exoskeleton will separate it visually from the predominant residential properties.
The towers will rise from a 375,000-square-foot podium surmounting a four-level parking garage. Images from the Forum show the first residential tower having climbed above grade. The development is scheduled for completion in 2022.