A large development in Richmond’s city centre - that is under creditor protection - could have a new building permit application into the city within the next couple of months.
The city confirmed they are expecting a building permit application for the 800-plus-unit Atmosphere project that has been idle for more than two years.
After funding for the project was cancelled early in the pandemic, construction at Atmosphere, on No. 3 Road and Alderbridge Way, ground to a halt and the building permits expired.
The large lot had been cleared and excavated, leaving a large gaping hole.
The owner, Alderbridge Way Limited Partnership, filed for creditor protection in April last year to restructure its business.
Documents filed by Alderbridge Way LP in the creditor protection program indicate the owner is planning to submit a building permit application by November 1 and hopes to have this permit in place in March.
The development plan includes an office tower and six residential towers with 824 units of housing, of which 112 will be market rentals and 38 affordable rental units.