burnaby / new westminster mar 6, 2015 real estate weekly

8
REAL ESTATE WEEKLY I t’s been more than half a decade since British Columbia gave the green light for six-storey wood frame construction. Although the new building code raised plenty of eye- brows – and even some ire – when it was introduced in 2009, today an increasing number of developers are embracing the opportunities it cre- ates. One early adopter was Adera, a Vancouver-based developer long known for its commitment to cut- ting-edge green building techniques. Adera’s Sail at UBC was the first true six-storey wood frame residence on campus. It was awarded gold for Best Low-Rise Residential in Vancouver/ North Shore at the Urban Development Institute’s 2014 Awards for Excellence as well as Best Multi-Family Low- Rise Development in BC at the 2013 Georgie Awards. The company’s new- est UBC project, Prodigy, is well under construction and sales are brisk. More Bang for the Buck More Bang for the Buck So what’s the appeal of wood? For most homebuyers, a prime consider- ation is the affordability factor. “A six-storey concrete building will typically cost an additional $60 to $70 per square foot when compared to an equivalent suite in a wood- frame building — which can add up very quickly,” said Al Poettcker, CEO and president of UBC Properties Trust (UBCPT). “Wood frame is an excellent way to gain 50 per cent more den- sity without significantly changing the final cost to the buyer.” He added that wood frame build- ings provide an interesting aesthetic benefit. “Six-storey wood frame buildings are not allowed to have any combus- tible materials on the façades,” he said. “So developers use materials such as brick, metal or fibre cement siding like HardiPlank. Often when people stand outside, they can’t tell it’s a wood frame building.” Quiet Time Quiet Time “Because the weight of two extra storeys requires more support, there is a lot more wood mass in a six-sto- rey wood frame,” Poettcker said. “So these buildings tend to be quieter.” Taking this concept a step further, Adera’s newest six-storey wood frame – The Shore in North Vancouver’s Capilano neighbourhood – has intro- duced advanced acoustic technology to reduce sound transmission even more. “People often think a concrete building is quieter than wood frame,” said Eric Andreasen, Adera’s vice president of marketing and sales. “In fact, an independent sound engineer conducted field tests and confirmed this new system has made The Shore the highest performing wood frame building in the province – probably in Canada – equal to or even better than concrete.” Safe and Sustainable Safe and Sustainable Michael Geller, architect, devel- oper and well-known advocate for innovation in housing, acknowledges that when the legislation was first introduced, many had concerns about wood’s shrinkage over time. “People wondered if it would be exacerbated by adding two extra floors,” he says. “Now we’re seeing ever increasing use of pre-fab joists and laminated wood products, so it’s no longer an issue.” As a bonus, many of these products also reduce waste because they are made from young, renewable wood. And here’s something many con- sumers aren’t aware of – but should be. A five- or six-storey residential building is subject to stricter fire sup- pression regulations than a building of four storeys or less. “Fires rarely happen during con- struction,” Poettcker stressed. “But developers have definitely responded with stricter protocols to deal with this outside possibility.” Vision and History Vision and History Geller said he’s thrilled with the rapidly increasing number of six- storey wood frame buildings now found throughout the Lower Mainland. “It is a testament to the legitimacy of this construction approach that Ontario has recently copied BC by allowing six-storey wood frame construction,” he said. “People have forgotten that many of Vancouver’s original buildings were six-storey, heavy timber construction – just walk through neighbourhoods like Gastown and you’ll see them still there. So you could say it’s like we’re going back to the future.” Back To The Future Six-Storey Wood Frame Construction Comes of Age… Again GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE Real Estate Deals Rise as Spring Market Heats Up: BC Notaries Ask the Expert: Mortgage Pre-Qualication vs Pre-Approval Expert Décor Trend Advice from the BC Home + Garden Show BURNABY NEW WESTMINSTER FRIDAY, MARCH 6, 2015 info@rew.ca • 604-435-7977 TRUSTED HOME IMPROVEMENTS SINCE 1997 HOME REPAIRS. RENOVATIONS. INSTALLATIONS. DONE RIGHT. DONE QUICK. GUARANTEED. LICENSED BONDED INSURED CALL FOR FREE IN-HOME QUOTES 604-878-5232 handymanconnection.com 10% OFF Discount on labour only. Cannot be combined with other offers.

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Since 1978 Real Estate Weekly has been synonymous with outstanding coverage of the Greater Vancouver residential real estate market. Today, published with recycled newsprint from its own high-speed presses in Vancouver, Real Estate Weekly is delivered by British Columbia's largest courier force to over 450,000 homes across the Lower Mainland. A total of 11 separate editions comprise the Real Estate Weekly, each featuring homes for sale, new developments and quality editorial coverage of the housing industry and the communities. Real Estate Weekly, quite simply, lists more homes for sale from more Realtors than any other publication in British Columbia. Real Estate Weekly is the number one source for Lower Mainland residential real estate and the first choice of both homebuyers and Realtors for more than three decades.

TRANSCRIPT

R E A L E S T A T E W E E K L Y

It’s been more than half a decade

since British Columbia gave the

green light for six-storey wood

frame construction. Although the new

building code raised plenty of eye-

brows – and even some ire – when

it was introduced in 2009, today an

increasing number of developers are

embracing the opportunities it cre-

ates.

One early adopter was Adera, a

Vancouver-based developer long

known for its commitment to cut-

ting-edge green building techniques.

Adera’s Sail at UBC was the fi rst true

six-storey wood frame residence on

campus. It was awarded gold for Best

Low-Rise Residential in Vancouver/

North Shore at the Urban Development

Institute’s 2014 Awards for Excellence

as well as Best Multi-Family Low-

Rise Development in BC at the 2013

Georgie Awards. The company’s new-

est UBC project, Prodigy, is well under

construction and sales are brisk.

More Bang for the BuckMore Bang for the BuckSo what’s the appeal of wood? For

most homebuyers, a prime consider-

ation is the aff ordability factor.

“A six-storey concrete building will

typically cost an additional $60 to

$70 per square foot when compared

to an equivalent suite in a wood-

frame building — which can add up

very quickly,” said Al Poettcker, CEO

and president of UBC Properties Trust

(UBCPT). “Wood frame is an excellent

way to gain 50 per cent more den-

sity without signifi cantly changing the

fi nal cost to the buyer.”

He added that wood frame build-

ings provide an interesting aesthetic

benefi t.

“Six-storey wood frame buildings

are not allowed to have any combus-

tible materials on the façades,” he

said. “So developers use materials

such as brick, metal or fi bre cement

siding like HardiPlank. Often when

people stand outside, they can’t tell

it’s a wood frame building.”

Quiet TimeQuiet Time“Because the weight of two extra

storeys requires more support, there

is a lot more wood mass in a six-sto-

rey wood frame,” Poettcker said. “So

these buildings tend to be quieter.”

Taking this concept a step further,

Adera’s newest six-storey wood frame

– The Shore in North Vancouver’s

Capilano neighbourhood – has intro-

duced advanced acoustic technology

to reduce sound transmission even

more.

“People often think a concrete

building is quieter than wood frame,”

said Eric Andreasen, Adera’s vice

president of marketing and sales. “In

fact, an independent sound engineer

conducted fi eld tests and confi rmed

this new system has made The Shore

the highest performing wood frame

building in the province – probably in

Canada – equal to or even better than

concrete.”

Safe and SustainableSafe and SustainableMichael Geller, architect, devel-

oper and well-known advocate for

innovation in housing, acknowledges

that when the legislation was fi rst

introduced, many had concerns about

wood’s shrinkage over time. “People

wondered if it would be exacerbated

by adding two extra fl oors,” he says.

“Now we’re seeing ever increasing

use of pre-fab joists and laminated

wood products, so it’s no longer an

issue.”

As a bonus, many of these products

also reduce waste because they are

made from young, renewable wood.

And here’s something many con-

sumers aren’t aware of – but should

be. A fi ve- or six-storey residential

building is subject to stricter fi re sup-

pression regulations than a building

of four storeys or less.

“Fires rarely happen during con-

struction,” Poettcker stressed. “But

developers have defi nitely responded

with stricter protocols to deal with

this outside possibility.”

Vision and HistoryVision and HistoryGeller said he’s thrilled with the

rapidly increasing number of six-

storey wood frame buildings now

found throughout the Lower Mainland.

“It is a testament to the legitimacy

of this construction approach that

Ontario has recently copied BC by

allowing six-storey wood frame

construction,” he said.

“People have forgotten that many

of Vancouver’s original buildings were

six-storey, heavy timber construction

– just walk through neighbourhoods

like Gastown and you’ll see them still

there. So you could say it’s like we’re

going back to the future.”

Back To The FutureSix-Storey Wood Frame Construction Comes of Age… Again

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Real Estate Deals Rise as Spring Market Heats Up:

BC Notaries

Ask the Expert: Mortgage Pre-Qualifi cation vs

Pre-Approval

Expert Décor Trend Advice from the BC

Home + Garden Show

BURNABY NEW WESTMINSTER FRIDAY, MARCH 6, [email protected] • 604-435-7977

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CALL FOR FREE IN-HOME QUOTES

604-878-5232handymanconnection.com

10% OFF

Discount o

n labour only.

Cannot be co

mbined

with other o

ffers.

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Magnifi cent Heritage Residence in Buckingham HeightsOriginated in 1892, the ‘Wintemute House’ is Burnaby’s most historical residence offering a one-of-a-kind tranquil setting complete with magnifi cent grounds, stone walls, lush landscaping, Porte Cochere and 5-car garage. This magnifi cent heritage residence is situated on a large 1/3-acre property in the heart of Burnaby’s most sought after and prestigious ‘Buckingham Heights’neighbourhood. Featuring complete privacy and approximately 5,000 sq. ft. on three sprawling levels, the home offers impeccablequality and fi nishings of yesteryear and has been meticulously maintained with the utmost of care and attention to detail. The bright open fl oorplan features 5 spacious bedrooms upstairs including a sensational master with sitting area, four gleaming bathrooms, spacious living and dining rooms with roaring fi replace, high ceilings with crown mouldings, a wonderful kitchen and eating area, a cozy family/games room with custom woodwork and ceiling detail, a private study with signature fi replace, mullion-paned heritage windows, miles of wainscoting, an elegant formal entrance and rich hardwood fl ooring – all opening through French doors to a gorgeous sunfi lled wrap-around veranda. Additionally, the home offers a crescent driveway, full basement, ample storage and sizeable attic that can be used as an extra guest bedroom or playroom for kids. Minutes to all local amenities includingMalvern, Braemar and Buckingham Parks. This exclusive estate can be yours today! PLEASE NOTE - The home is designated under the Heritage Act with The District of Burnaby and requires City approval before any exterior renovations or demolition is executed.

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Well kept gated community at Francisco Lane! Central & convenient location. Walking distance to Edmonds Skytrain, Highgate Village & Metrotown nearby. Onsite clubhouse includes an exercise centre, outdoor pool & hot tub. The unit itself comes complete with up to date S/S appliances & modern bathrooms. A must see!

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R E A L E S T A T E W E E K L Y

I n P r i n t > O n l i n e > I t ’ s A l l H e r e

Real estate in Vancouver’s tony

Westside is hard to come by. One of

the most exciting and luxurious Boutique

Developments to be built in the heart

of this prestigious neighbourhood is

Kerrisdale Gardens.

In one of the best postal codes on

Vancouver’s Westside, Kerrisdale Gardens

is an exquisite collection of 27 Designer

Residences, featuring two bedroom ter-

raced suites and one bedroom, den and

fl ex space condominiums. Behind the

Kerrisdale Gardens are the award-win-

ning European-infl uenced designers from

Riesco & Lapres. “For years, Riesco &

Lapres has been beautifying the homes

of Kerrisdale residents in ways that speak

directly to the heart,” says Charan Sidhu

of Otezs Project Marketing. “They know

the subtleties of what makes a home fi t in

this stunning neighbourhood.”

In addition to its prime location, you

couldn’t ask for fi ner fi nishes: nine foot

ceilings (10 foot in the penthouses), engi-

neered hardwood fl ooring, luxurious wool

blend carpeting, custom millwork, expan-

sive windows to bring lots of natural light

in, European-inspired epicurean kitchens

and Zen-inspired bathrooms. The kitch-

ens feature custom designed cabinetry,

top-of-the-line stainless steel appliances,

including a Fhiaba fully integrated refrig-

erator, marble countertops with ¾ edge

fi nish and under-the-cabinet puck light-

ing.

“While many people are currently

downsizing from their large single family

homes to more convenient one-level liv-

ing, the suites here have been designed

with that in mind,” Sidhu says. “We often

hear from downsizers that they don’t want

to compromise their lifestyle, especially

when guests are coming. Inviting people

for dinner, family and friends, many con-

dos lack a proper dining area. This feature

has been incorporated into many of the

homes without needing to entertain the

highest priced or largest unit.” One of

its most unique and sought-after features

are the gardens on the second fl oor. This

quiet and enchanting private oasis off ers

incredible outdoor space for the residenc-

es that face into this courtyard, of which

there are only two left. Truly, this is one of

the best outdoor havens you will fi nd in a

condominium building. The discriminat-

ing people who have already purchased a

home in Kerrisdale Gardens have boasted

about the access to some of the province’s

top schools, both public and private, the

walkability of the neighourhood and the

penthouses with private garages in the

underground.

Each homeowner can feel safe knowing

the four-storey building off ers two levels

of secure gated underground parking,

plenty of secured storage lockers and

ample bike storage. Convenience contin-

ues with two elevators for residents to

access their homes. As one of the oldest

and most distinguished neighbourhoods

in Vancouver you will fi nd plenty of ame-

nities including transit, top rated schools

and recreational opportunities, all within

easy walking or driving distance. Then

there’s high-fashion to patisseries, gour-

met cheeses to European décor, including

such popular spots as Secret Garden for

afternoon tea and neighbourhood favou-

rite, the Red Onion Neighbourhood Grill.

These elegant, single-family home

inspired residences must be seen to be

fully appreciated. The sales centre, locat-

ed at 2128 West 40th Ave., Vancouver, is

open by private appointment only. With

only 14 available, these condominiums

won’t last. Your brand new home will be

move-in ready in Spring 2015.

For more information or to view, call 604-559-9848, email at

[email protected] or visit www.kerrisdalegardens.ca.

KERRISDALE GARDENS IS IN THE HEART OF ONE OFTHE CITY’S MOST DISTINGUISHED NEIGHBOURHOODS