New Developments in New Westminster.

New Westminster is becoming a bustling city centre for those looking for modern Vancouver convenience with a historic Victorian feel…and here are some great new developments that are coming up.
 BrickStone Walk Two: Townhomes from $189,900 to $449,900.  Nu-Gen Projects Ltd. introduces BrickStone Walk 2, a fresh Townhome concept in New Westminster. With 5,000 sq.ft. of beautifully landscaped courtyard and the convenience of  city living surrounded by a serene suburban feel. The Townhomes combine the rich heritage of the Royal City with the modern convenience you want in your home.
NorthBank: Ballenas Project Management brings modern Condo & Townhomes starting at $261,900.  Along the riverfront in the geographic centre of Metro Vancouver is New Westminster – a progressive city packed with urban conveniences and touches of Victorian charm. Standing proud on the terraced hilltop gives every Northbank home long, significant views – from the tranquil Fraser River to the distant snow-capped mountain ranges.
Trapp + Holbrook: 100 Condos under $299,900. One of the tallest buildings on Columbia Street during the Edwardian Era, the Trapp block formerly housed a warehouse and offices. Additions in 1913 offered a striking new facade with unique windows and handsome terra cotta tiles. The adjacent Holbrook building, a hotel and saloon, was constructed in the 1880s and rebuilt in brick, after the great fire of 1898. Today, the Trapp and Holbrook blocks remain as much of a landmark in the fabric of New Westminster’s historic district today as they did over 100 years ago. The historic Downtown district is evolving with the transformation of the Trapp and Holbrook blocks. This is the next great urban opportunity.
Elliot Street: Elliot Street is the most attainable concrete product in the Lower Mainland. With the Best Value in Metro Vancouver starting at just $159,900! Elliot Street Blog Post.
The Dominion: Ledingham McAllister is proud to introduce Dominion, our latest collection of residences coming soon to 6th and Royal in New Westminster.  Ledingham McAllister continues its tradition of building the lower mainland.
New Westminster Civic Centre: The civic centre will include a 350-seat theatre with flexible seating to accommodate a variety of productions, conference/ meeting space, art studios, an art gallery, tourist information centre, The City Museum & Archives, and The Canadian Lacrosse Hall of Fame.
Uptown and Fraiserview:
The Viceroy: Viceroy Condos is a new condo and townhouse project by Bosa Properties Inc. and BlueSky Properties currently under construction at Belmont St in New Westminster. The project is scheduled for completion in 2014. Available condos/townhouses range in price from $289,900 to over $563,900. The project has a total of 188 units.
Victoria Hill: Victoria Hill is New Westminster’s most exclusive new community.  A blend of distinctive yet cohesive neighbourhoods including landmark towers, townhomes, low-rise residences, and communal shops & services. A private paradise for a privileged few.
This master planned community includes The Grove, Whittaker, Parkside, Carlyle, Glenbrooke, Victoria Hill Lowrises,  Victoria Hill Luxury Highrise Residences, and Future Phases as well.
As always if you have any questions about the New Developments or New Westminster Real Estate give us a call!

Market Update for Downtown New Westminster Spring 2012

May 2012 Market Update for Downtown, New Westminster:
Downtown is a thriving waterfront city that still has a great community feel. Cafes, Antiques, Restaurants, Shops, and the opening of New West Station Mall (Safeway, Shoppers Drug Mart, CIBC, and LANDMARK CINEMAS) will make Downtown a summer hot spot! 2 New Condo/Townhome developements (Northbank & Trapp+Holbrook) will only add to Downtown’s popularity.
Also the Grand Opening of Pier Park is on June 16th for more info click here
Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 1 Sold
Average Sale Price: $255,000
Average Price per Square Foot: $269
Average Days on the Market: 11
Condos: 75
Average Sale Price: $320,000
Average Price per Square Foot: $360
Average Days on the Market: 38
Highest Sold Condo: $713,000
If you are looking at making a move in Downtown New Westminster please dont hesitate to call us.

Northbank Condos in Downtown New Westminster (Columbia St.)

Just released! Below is a little inside information for you on pricing, promotions and launch information.

01 Floor Plan – 1 bedroom – 630 sf – Starting in the $260,000’s
02 Floor Plan – 1 bedroom – 625 sf – Starting in the $270,000’s
03 Floor Plan – 2 bedroom – 847 sf – Starting in the $380,000’s
04 Floor Plan – 2 bedroom – 839 sf – Starting in the $390,000’s
05 Floor Plan – 1 bedroom – 652 sf – Starting in the $280,000’s
06 Floor Plan – 2 bedroom – 880 sf – Starting in the $360,000’s
TH01 Floor Plan – 2 bedroom – 1070 sf – Starting in the $350,000’s
TH02 thru TH08 Floor Plans – 3 bedroom – 1181 to 1321 sf – Starting in the low $400,000’s

There are two promotions available only to the first 30 purchasers in Northbank.
1) The first 30 homes that are sold in this development will receive a $3000 discount on 1 bedroom homes and a $5000 discount on 2 bedroom homes.
2) The first 30 purchasers will also only be required to put a total of 10% deposit prior to completion whereas the remaining purchasers will be subject to a 20% total deposit.

The deposit structure for this development is $5000 upon purchase, 5% of the purchase price (less initial $5000 deposit) due within 7 calendar days of vendor acceptance, 5% of purchase price due within 10 days of receipt of the Amendment to the Disclosure Statement and 5% of the purchase price due 60 days after the receipt of the Amendment to the Disclosure Statement.

Estimated completion of this development is 18 months or late 2013, but it is possible they will run closer to 24 months putting the completion into early 2014. There is a total of 100 apartment’s, 8 town houses and 1 commercial unit in this development totaling 109 strata lot’s.

Call me at 604.315.3300 for more details… sales are happening now.