PINNACLE LIVING FALSE CREEK
Pinnacle campaign resumes 'private land' selling in False Creek
Sun
Saturday, October, 03, 2009
PINNACLE LIVING FALSE CREEK
Project location: Vancouver
Project size: 105 apartments and townhouses
Residence size: 1 bed; 1 + den; 2 bed; 2 + den; 3 bed, 600 sq. ft. - 1,350 sq. ft.
Prices: 1 bed, from $350,000; 2, from $560,000; 3, from $750,000
Developer: Pinnacle International Architect: IBI
Interior design: False Creek Design
Sales centre: First and Ontario
Hours: noon - 5 p.m., Sat. - Thurs.
Telephone: 604-874-8368
E-mail:
[email protected]
Web: pinnacleliving.ca
Occupancy: Summer 2011
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The Pinnacle Living False Creek sales and marketing campaign is not the first ''private lands'' new-home project sales and marketing campaign in southeast False Creek, but it is the first in some time.
The homes will be located a few blocks west of the Olympic Village, from the Millennium development company and located on city of Vancouver property, or "public lands."
As a document on city hall's Southeast False Creek website says: "It is important to distinguish between the city owned lands (public lands) and the privately owned lands (private lands)."
The "public lands" are located mostly between West First and False Creek; the "private lands," between West First and West Second, the latter a major east-west thoroughfare in Vancouver. The homes are located at the intersection of Second and Crowe.
All those who will make a home there, public or private lands, will ultimately reside in the city's newest residential neighbourhood, with easy access to downtown Vancouver and to the shops and services and restaurants on Cambie between the bridge and West 16th.
Certainly any destination north of city hall itself, at 12th and Cambie, is within easy walking distance of Living.
Grace Kwok of Anson-Realty is the organizer of the sales and marketing campaign. This is her first new-home project campaign launch since the spring of 2008.
She likens southeast False Creek to an earlier Yaletown.
Buyers who were sharp enough to recognize Yaletown's potential got the benefit of buying condos at considerably lower prices than what they now sell for, says Kwok, predicting the same will likely happen in southeast False Creek.
"Prices here start in the [$350,000s]. That is a very good price for a west side location," says Kwok.
"This is like Yaletown in the early stages. It is a planned community that in a year, when the Olympics are done, will have all the parks and conveniences established."
The actual Olympic Village will eventually be home to 16,000 people and offer a 45,000-square-foot community centre, three child care centres, an elementary school, community garden and plaza.
The Arthur Erickson-designed community centre will have a full-size gym, games room, arts and crafts room, dock for sailboats, 6,000 square feet of commercial/restaurant space and 10 hectares of park.
Because so many amenities will be nearby, there wasn't a need for Pinnacle Living to incorporate a huge amenity centre into its project. Instead, there will be a smaller amenity room, with a fitness centre, party room, billiard table and kitchenette.
To encourage households with children to move into the neighbourhood, Pinnacle Living is selling three-bedroom homes.
At the other end of the bedroom count, the one bedroom, the minimum 600-square-foot living space was a result of the developer making a conscious choice to provide "livable" space, says Kwok.
"We want all of the units to be totally comfortable. We've gotten feedback from buyers that affordability is important, but they still want to enjoy a comfortable indoor environment."
The six townhouses have a ground level patio entrance and a vaulted living space. The townhouses start at $699,900.
Kwok says many potential buyers are young professionals who have contacted the sales centre knowing they can move up to a larger home "in a location that is very hip and green."
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