Again, he says Allyse and her team deserve a share of the credit for the project’s commercial success, with all units selling out within two hours of being put on sale. A more recent project, which shares many similarities to YUL, is theHorizon21project, located in Coquitlam, BC. Like YUL, that project was very advanced with its preconstruction activities. Dura Group joined Centred Developments to bring in its experience and its resources to get the project moving forward. “We were able to come in and combine our resources with the existing group,” Steve says. “We provided additional capital and the missing expertise, and we helped them get over that last final hurdle so we can start construction shortly.” Sales for Horizon 21 began even prior to Dura Group’s involvement and have so far been very strong, which Steve credits to the great work Centred has done with their sales team. Again, he also believes the buyer response has a lot to do with the emerging location: “Three years ago, you probably would never have even imagined that there would be high rise towers in this part of Vancouver,” he says. “This was primarily a low-density area with single-family homes. There wasn’t much market demand for high-rises and master planned communities. But as Vancouver becomes more and more expensive, as the need for housing rises, and as SkyTrain expands, there’s been more and more of a push outside the city.” “As developers, we’ve started to see a lot more opportunities,” he explains. “We’ve seen that MARCH 2022
RkJQdWJsaXNoZXIy OTYzNTg=