page_title: Richmond, British Columbia
section_title: Capstan Way development
hierarchical_section_title: Richmond, British Columbia / Economy / Development / Capstan Way development
caption_attribution_description: Apartment construction site, Richmond, BC
context_page_description: Richmond, is a coastal city located in the Canadian province of British Columbia. It is a member municipality of Metro Vancouver and the location of the Vancouver International Airport. Richmond is composed of 8 local areas or neighbourhoods; Sea Island, City Centre, East Richmond, South Arm, Steveston and West Richmond, Hamilton and Thompson.
  During the 2010 Winter Olympics, the Richmond Olympic Oval was a venue for the long track speed skating events.
  As of 2016, the city has an estimated population of 198,309 people with 60% being immigrants, the highest proportion of immigrants in Canada.
  Richmond is located on Lulu Island at the mouth of the Fraser River. It encompasses adjacent Sea Island and some smaller uninhabited islets to the north and south. Neighbouring communities are Vancouver and Burnaby to the north, New Westminster to the east, and Delta to the south. The Strait of Georgia forms its western border.
context_section_description: Developer Pinnacle International is planning a 16-building development on a seven-hectare (17.2 acres) property near Capstan Way and No 3 road. The mixed-use development would include over 2,100 residential units, various commercial uses, and a hotel.
  The Canada Line is considered critical to the project. A fifth Richmond station at Capstan Way (No. 3 Road and Capstan Way) was originally planned but was cancelled in March 2009. This station was considered so critical to the development that the City of Richmond has received $19 million from developers for the station to be built. Translink, the Canada Line operator, has started designing this station in November 2017.
  Also included will be 100 affordable housing units, a 25-space daycare, and a 0.6 hectares (1.5 acres) park.
  Live-work dwellings are also being proposed by the developers, where shop owners would live above their ground level operations.
caption: Capstan Way development in 2018
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