Sales are starting in a few weeks on May 26, and we were pretty excited to see Bob Rennie and Robert Fung speaking with The Vancouver Sun about the project.
The development will come in at about $470 per square foot, which is much lower than other condos in Metro Vancouver, including recent towers at Metrotown that come in at $600 a square foot.
“We have to deliver affordability,” Rennie told the Sun, referring to Trapp and Holbrook’ 100 units priced under $299,000, and New Westminster’s need of more affordable housing options in the budding community. “This isn’t a condo deal. This is about community, and Robert understands that.”
And the community is definitely prepped to begin blooming with $100 million put into a new civic centre and downtown refurbishment. Fung and Rennie are hoping for lots of walkable tenants for the building’s storefront.
“People meet on the street, and it’s the ground plane that gets a community going,” Rennie said.
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