Categories: Business

First Grandin Parc building complete

DOWNTOWN VILLAGE – Vancouver-based Amacon began selling homes in its new Parc Residences building Jan. 16.

A downturn, a decade and a major site plan change later, Amacon has completed the first of eight buildings that will eventually make up its downtown urban village.

The Parc Residences are located in the southwest corner of the 10-acre site, backing on to Grenadier Park. The crescent-shaped, five-storey building houses 91 one-level, condominium-style homes, which Amacon began selling Monday.

The Parc Residences offers a selection of one-, two- and three-bedroom homes ranging from 658 to 1,407 square feet with 18 different layouts to choose from. Homes are priced from $199,900 and include underground parking.

“We are extremely excited to see the village start to take shape and have the first homes ready for occupancy by late February,” said director of development Simon Taylor.

The Parc Residences is one of two buildings planned for the first phase of Grandin Parc’s development. The second building, called Tache, will be ready in the coming months said Taylor. It will house 48 homes and three commercial spaces, which are actively being leased.

Amacon plans to build out the 10-acre site in four phases. Taylor was unable to confirm when the next phase of construction would begin, saying that the focus has been on trying to get the first building to market.

“It’s been a long time coming,” he said.

The Vancouver-based development firm bought the former Grandin mall site in 2007. It originally planned to build five 19-storey towers along Sir Winston Churchill Drive, but following the 2008 recession revised its plans.

Presenting to council in the spring, Amacon proposed a reduction in the number of towers, from five to three, and an increase in building height of 10 metres for one tower.

Although the ask was contentious, Taylor says it was the right call, as it adds depth and life to the village. He says there has been a lot of great feedback on the first two buildings and the site plan itself since construction began.

The project will house an anticipated 1,200 new homes and 161,458 square-feet of commercial space. Build-out is expected to last 10 to 20 years.

Amacon will host a public grand opening event of its Parc Residences on Saturday, Jan. 21 and Sunday, Jan. 22, from noon to 5 p.m.

Michelle Ferguson: