Sun Rises On Another Big Land Deal
Sunrise Development has stepped forward in Richmond with another big land deal (land is a collector's item, they aren't making any more of it), this one located a block away from their Quintet mixed-use development that’s currently under construction (pictured).
RealNet’s Ryan Wyse points to the location as the reason behind the $69M price tag—on the City Centre of Richmond, by the Skytrain, near the airport. The parcel of land is almost five acres at 5333 & 5411 No. 2 Road and 7960 Alderbridge Way (rendered). Sunrise is a subsidiary of UEM Sunrise Berhad, the development firm out of Asia.
In the image is a rendering of Quintet. Tony Kwan, speaking on behalf of Sunrise, tells us the company has no immediate plans for the property, since the deal just closed late last week. “It was purchased with a view for potential future development,” he says. ("It is so fine and yet so terrible to stand in front of a blank canvas." -Paul Cezanne... or Swedish Chef from the Muppets, we can't remember.)
