The collaboration between Anthem Properties and Crestpoint Real Estate Investments will lead to the development of a rental high-rise building in Vancouver's West End. The project will feature a 32-story concrete tower with 242 market-rate and 58 below-market rental units. Positioned near Davie Street and Sunset Beach, the development promises attractive views and close access to local amenities and recreational areas.
This initiative addresses Vancouver's need for additional rental housing amid a competitive market. With construction projected to start in fall 2025, the rental high-rise building has already been submitted for municipal approvals.
Consumers may find this development appealing due to its strategic location, which offers scenic views and proximity to key urban areas and beach access. Additionally, the inclusion of both market and below-market rental units addresses a range of housing needs in a high-demand area.
Purpose-Built Rental High-Rises
Anthem Properties Teams Up with Crestpoint Real Estate Investment
Trend Themes
1. Mixed-income Housing - Initiatives combining market-rate and below-market rental units meet diverse housing demands in competitive urban environments.
2. Urban Vertical Living - High-rise buildings in key city locations cater to consumers valuing scenic views and proximity to amenities.
3. Strategic Real Estate Collaborations - Partnerships between property developers and real estate investment firms can accelerate the creation of large-scale rental projects.
Industry Implications
1. Real Estate Development - The expanding urban rental market provides fertile ground for innovative, mixed-use high-rise projects.
2. Property Investment - Strategic partnerships in property investment are essential for achieving large-scale residential developments in prime locations.
3. Urban Planning - Urban planning efforts are increasingly focusing on creating diversified housing options to match the needs of densely populated areas.