Timber condos to start at $3 million

Star architect, Douglas fir create Terrace House, Vancouver’s most expensive new apartments
Built from wood, the 19-storey Terrace House has the highest starting price ever seen in Vancouver | Photos: PortLiving

Lowly Douglas fir from the Kootenays and rockstar architect Shigeru Ban of Japan created a wood luxury condo tower at Coal Harbour, where the starting price for the 20 units is a stratospheric average of $3 million, according to a company press release.

Terrace House, at 1250 West Hastings, “is the pinnacle of modern development and will stand among some of the greatest residential buildings in the world,” said Macario Reyes, founder and CEO of developer PortLiving.

Half of the condominiums cover an entire floor of the 19-storey tower.

The average 2,200-square-feet unit could be priced at or near $5.5 million, among the most expensive condos ever built in the city.

The project is the first in Canada for Pritzker Prize-winning Ban and is the tallest hybrid timber structure in the world.

As well as the oceanview location in Coal Harbour, owner amenities will include 27-foot high ceilings, marble countertops and floors, smart home controls, including electronic-controlled glass-sliding panels to the terraces, in-floor radiant heating and cooling that extends to balconies, architect-designed door handles and landscaping and, of course, a “dedicated concierge team.” The wood is sourced from a sustainably-managed forest in southeastern B.C.

Terrace House is now under construction.

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