Anthem Partners With Crestpoint to Develop Purpose-Built, Rental High-Rise in Downtown Vancouver
2024年7月25日 - 4:06AM
Anthem Properties has partnered with Crestpoint Real Estate
Investments to develop a unique high-rise rental project in the
popular West End neighbourhood of Downtown Vancouver.
As an initial step, the partnership has acquired
1318 Thurlow Street, a 17,283 square foot site. The proposed
redevelopment plan consists of a 32-storey, purpose-built rental
concrete tower featuring 242 market rental units and 58 below
market rental units. Located two blocks from Davie Street and a
short walk to Sunset Beach, the project will offer future residents
stunning views, beach access, and immediate proximity to the West
End; one of Canada’s most vibrant and established urban
neighbourhoods featuring numerous services, retail, and
entertainment options.
“This project allows us to both expand our
relationship with a great existing partner, Crestpoint, and
continue building a purpose-built rental portfolio, with the
community benefiting from the addition of critically needed rental
housing in the constrained Vancouver market,” said Anthem CEO &
Founder, Eric Carlson. “Despite challenging capital markets, and a
difficult regulatory environment, Anthem continues to doggedly
pursue its real estate strategy to the benefit of all.”
The site redevelopment plan has been submitted to
the City, with first and second reading expected in the fall of
this year with a public hearing/third reading shortly after.
Construction is anticipated to begin in the fall of 2025.
About Anthem
Founded in 1991, Anthem is a real estate
development, investment and management company that strives, solves
and evolves to create better spaces and stronger communities.
Anthem has invested in, developed or managed – alone or in
partnership – more than 385 residential, commercial and retail
projects across North America.
Our growing residential portfolio includes 31,500
homes that are complete, in design or under construction, from
master planned mixed-use residential and multifamily, to townhome,
rental and single-family communities. We own, co-own, manage
or have previously owned over 10 million square feet of retail,
industrial and office space and have developed more than 60
communities across 9,000 acres of land in Alberta, British
Columbia, Ontario and California. We are Growing Places.
Contact: |
Elisha McCallumVice President, Communications
Anthem PropertiesPhone:
604.235.3197Mobile:
604.970.1652Email:
emccallum@anthemproperties.com |
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4911ddd0-bce7-44c6-aa70-f400b54a29f5