February 12, 2013

Prepared To Launch

From the West End to White Rock, B.C.’s developers plan to build for the province’s future.

Among the teeth-gnashing and hand-wringing headlines around B.C.’s slowdown in housing sales, one fact remains – British Columbia’s population will continue to grow. In the four decades between 1971 and 2011, B.C.’s population doubled – to 4.4 million from 2.1 million residents. The 10-year average between census-takings continuously shows a growth rate of higher than 10 per cent. B.C.’s population is expected to rise by about 50,000 per year for the next five years.

With rental occupancy rates well under three per cent and investors continuing to clamour for product (in the right location, of course), the future looks promising for B.C. homebuilders, specifically in the Lower Mainland. While projects may be delayed due to either regulatory issues or slow pre- sales, B.C. developers build somewhere between 12,000 and 17,000 housing units per year – a statistic that has been remarkably stable, year over year.

So, it’s likely to be good times for both condo marketers and media buyers hired to “get the message out” about upcoming new buildings and investment opportunities. Perhaps the real question is – “will they ever run out of names?” The following list of new projects that could launch during the first six to nine months of 2013 was compiled by Urban Analytics, www.urbanalytics.ca.

Vancouver Downtown

Address: Keefer Block, 189 Keefer Street
Developer: Solterra Development Corp.
No. of Units: 81
Description: Now previewing.

Address: Wall Centre, 900 East Hastings
Developer: Wall Financial
No. of Units: 283
Description: Preregister now at www.900Hastings.com

Address: 138 East Hastings Street
Developer: Sequel 138 Development Corp.
No of Units: 79
Description: 79 market units, 18 non-market units and 2,500 square feet of artist space.

Address: 611 Main Street
Developer: Westbank Projects Corp.
No. of Units: 145
Description: 17-storey mixed-use building featuring 145 market units, 26 seniors units.


Downtown Central
Address: 1155 Hornby Street
Developer: Henriquez & Partners Architecture
No. of Units: 164
Description: 20-storey residential building with townhousing at grade.

Address: 1265 Howe Street
Developer: The Bond Group of Companies
No. of Units: 348
Description: 41-storey mixed use building featuring 348 market units, 17 artist studios and 4,224 square feet of retail.


Downtown South/Yaletown
False Creek North
Address: Pacific Pointe – Homer at Drake
Developer: Bosa Developments
No. of Units: 214
Description: Coming soon.

Address: Panorama, 10 Terry Fox Way
Developer: Concord Pacific
No. of Units: 543
Description: Pre-register now at www.concordpacific.com.


Vancouver West
Central Cambie Corridor
Address: 4500 Block Cambie Street
Developer: Intergulf
No. of Units: 148
Description: Three six-storey residential buildings with 177 units and eight townhomes.


Granville Corridor
Address: Shannon Mews – 7299 Granville Street
Developer: Wall Financial Corp.
No. of Units: 533
Description: Now previewing.


Vancouver East
Kingsway Corridor
Address: Wall Centre Central Park – 5155 Boundary Road
Developer: Wall Financial Corporation
No. of Units: 1,114
Description: Three towers of 30 storeys each. Previews start February, 2013.


Mount Pleasant
Address: 273 East Sixth Avenue
Developer: Imani Development
No. of Units: 93
Six-storey concrete building with 33 condominium units and 60 artist studios.


Central Richmond
Address: Concord Gardens, 8515 Capstan Way
Developer: Concord Pacific
No. of Units: 1,000
Master planned community proposing multiple residential towers with approximately 1,000 units. Preregister now at www.concordgardens.ca.

Address: Harmony, 8280 Granville Ave.
Developer: Townline
No. of Units: 128
Description: Pregister now at www.harmony.richmond.com

Address: Carrera – 6251 – 6291 Minoru Blvd.
Developer: Polygon
No. of Units: 338
Description: Pregister now at www.polyhomes.com

Address: 3411 & 3391 Sexsmith Road
Developer: Pinnacle International
No. of Units: 203
Description: Mixed-use development.

Address: Parc Residences – 6351-6491 Minoru Blvd.
Developer: c/o W T Leung Architects
No. of Units: 314
Description: Pregister now at www.pinnacleinternational.ca.

Address: 8331/51/71 Cambie Road & 3651 Sexmith Road
Developer: Polygon
No. of Units: 315
Description: Three 15-storey towers. Likely a second-half launch.


Richmond – Oval
Address: River Park Place – Hollybridge Way + Gilbert Road + River Road >>
Developer: Intracorp Developments & MYIE Developments
No. of Units: 550
Description: Preregister now at www.intracorp.ca.

Address: 5640 Hollybridge Way
Developer: Cressey Development Corp.
No. of Units: 245
Description: Marketing start anticipated spring/summer 2013.


Address: 6550 Nelson Street
Developer: Concord Pacific
No. of Units: 312
Description: Residential tower with street-fronting townhomes.


North Vancouver
Address: Seylynn Village – 664 Mountain Hwy.
Developer: Seylynn Properties
No. of Units: 790
Description: Residential units in mixed-use community. Sales centre under construction and first tower could launch in first half of 2013.


Coquitlam – Burquitlam
Address: 520 Como Lake
Developer: Beedie Group
No. of Units: 192
Description: 28-storey residential tower. .


Coquitlam – Central Coquitlam
Address: 1188 Pinetree Way M3
Developer: Cressey
No. of Units: 319
Description: 43-storey, 319-unit mixed use tower. Now previewing.


North Surrey
North Delta
Address: 120th Street and 80th Ave.
Developer: c/o Pilot House Project
No. of Units: 349
Sales centre under construction.

City Centre
Address: 3 Civic Plaza – 13450 104th Ave
Developer: Century Group
No. of Units: 320
Description: 54-storey mixed-use building containing a 160-room hotel and 320
apartment units. Preregistration at www.3civicplaza.ca.

Address: Park Avenue -–13718 100th Ave.
Developer: Concord Pacific
No. of Units: 879
Description: One 39-storey apartment tower containing 430 units and one 42-storey apartment tower containing 449 units and seven townhomes. Coming soon.


South Surrey
White Rock
Address: Saltaire – 1406 Johnston Road
Developer: Ledingham McAllister
No. of Units: 168
Description: Low-rise construction under way. Preregistration at www.ledmac.com.

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