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Pacific Canada  + Industrial  | 

Cedar Coast Developing Richmond Industrial Strata Project

Cedar Coast is developing a two-building industrial strata project in the Vancouver suburb of Richmond, B.C.

The two buildings, which will each contain ground-floor warehouse space and a mezzanine, will be located at 9800 Van Horne Way and 9820 River Drive. They are slated to contain a total of 44 units spanning 242,452 square feet, Kevin Kassautzki, a principal of Avison Young, told Connect.

Kassautzki, fellow company principal Garth White and Bryn Cartwright, a local associate vice-president, are listing the strata units on behalf of Cedar Coast. All three brokers are based in Avison Young’s Vancouver office.

“In our opinion, this is the best-located industrial development in Richmond,” said Kassautzki.

The development site is situated one minute east of the River Rock Casino and Bridgeport rapid-transit station. In the Avison Young team’s view, Kassautzki added, the site offers unparalleled access to highways 99 and 91 and downtown Vancouver.

Cedar Coast is a Vancouver-based investment and development company with 40 active real estate projects in Canada and the U.S. The firm acquired the nine-acre site from private investor Pacific Bay Development in 2022 for approximately $60 million.

Langley, B.C.-based Orion will oversee construction, which will begin after Univar Canada’s lease of an existing building expires. Kassautzki said construction is slated to conclude in the first quarter of 2026.

Image: Courtesy of Cedar Coast


Inside The Story

Cedar CoastKevin Kassautzki

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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