APPLICATION BY LANDA OVAL DEVELOPMENT LTD. FOR REZONING AT 6851 AND 6871 ELMBRIDGE WAY FROM INDUSTRIAL BUSINESS PARK (IB1) TO HIGH DENSITY MIXED USE (ZMU52) - OVAL VILLAGE (CITY CENTRE)

Landa Oval Development Ltd. has applied to the City of Richmond to rezone 6851 and 6871 Elm bridge Way from "Light Industrial Business Park (IB 1 )" to "High Density Mixed Use (ZMU52)- Oval Village (City Centre)" to construct a mixed use development in the Oval Village area (Attachment 1 and 2) that includes: • 13,832 m2 (148,887 ft2) of commercial floor area consisting ofa 189 room hotel and supporting uses in a tower located in the north east quadrant of the development site along with portions of the development podium and at-grade commercial space along River Road, the new road (to the west) and Elmbridge Way road frontages. • 27,655 m2 (297,778 ft2) of residential floor area consisting of 321 market residential units and 35 affordable Low End Market Rental (LEMR) housing units arranged as follows: o Market residential units located in the development podium and two towers generally located at the northwest and south west quadrants of the development site. o Affordable LEMR units dispersed throughout the podium. • Dedication and construction of a new road along the subject site's west frontage (herein called the "new west road") and widening and completion of the existing lane along the subject site's east frontage. • Related off-site works that generally includes road, lane, frontage upgrades and transportation related works to the current applicable City standards, are to be completed through a City Servicing Agreement.

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