Onni Group is preparing to launch presales next month on Northwest, the third major project next to the Marine Gateway Canada Line station.
Two under-construction projects, PCI Developments Corp.’s Marine Gateway and Intracorp’s MC2, sold out within days of going on sale.
“We’ve been working around the clock to get everything prepared so we’re ready to go to market this fall,” Onni’s vice-president of sales, Nick Belmar, told Business in Vancouver September 23.
“We’re hoping to have construction start in the new year and to have the buildings complete by summer 2017.”
Onni’s plans for the site are not that much different than those of Wesgroup Properties, which ushered the site through rezoning and then sold it to Onni for an undisclosed amount in June.
Onni’s plan is for two towers, 31 storeys and 13 storeys, to be built simultaneously. Combined there will be 349 homes, mostly one-bedroom units but also including two-bedroom and three-bedroom condominiums.
By the time Onni’s Northwest is complete, Marine Gateway, MC2 and a retail village will likely be fully occupied.
Commercial tenants in the retail space include Cineplex, with an 11-theatre cinema complex, an Osaka Supermarket, Starbucks, A&W, multiple banks, a liquor store and more.
Westport Innovations has leased seven floors, or about half of a commercial tower that is part of the Marine Gateway project.
Prices on the Northwest’s units are set to start at $269,900 for a 440-square-foot one-bedroom unit. Prices range up to more than $1 million for an 1,100-square-foot-plus unit that is on the northeast corner of the taller tower, where Belmar said there is one of the nicer views.
Being so close to the Canada Line means residents can get to the Vancouver International Airport in nine minutes and downtown Vancouver in 15 minutes.
