Peterson and partners acquire Camellia, Steveston Highway and No. 5 Road, Richmond, British Columbia

Peterson is pleased to announce the purchase of Camellia, Steveston Highway and No. 5 Road, Richmond, British Columbia (the “Property”). The Property is currently under development and once completed will consist of 163 new residential rental suites with studio, one bedroom and two bedroom units available.

The Property is located at the northeast corner of No. 5 Road and Steveston Highway, just off Highway 99, one of Metro Vancouver’s busiest highways connecting Vancouver with the U.S. I-5 corridor.  Once complete, Camellia will be Richmond’s largest mixed-use development built outside the city centre.