A developer constructing a master-planned community on a historic sawmill site in Coquitlam is now selling units for its next building.
Pre-sales are underway for Chapter, the third stratified housing complex on the 96-acre Fraser Mills property that’s being built by Beedie Living.
Chapter is named to represent the buyers who are either upgrading or downsizing — that is, families or seniors, Rob Fiorvento, Beedie’s managing partner, told the Tri-City News today, May 2.
“We knew from our first open house that there was a demographic that wanted something different from living in a tower,” he said.
“They wanted something bigger or smaller for the next chapter of their lives.”
When complete in 2028, Chapter will be made up of two six-storey low-rises — over a shared parkade — west of the first two high-rises:
- Debut
- a 36-storey concrete tower that sold out in three weeks
- Encore
- a 32-storey concrete tower that’s 90 per cent sold
By comparison, Chapter is the only wood-framed housing project at Fraser Mills and will be the most affordable, with 82 units in the northern building and 91 units in the southern building for a total of 173 suites:
- 1 bedroom + den (605 sq. ft. to 751 sq. ft.)
- 2 bedroom/2 bedroom + den (719 sq. ft. to 918 sq. ft.)
- 3 bedroom + den (1,071 sq. ft. to 1,073 sq. ft.)
And among its amenities will be a co-working lounge with office pods, an entertainment area with a kitchen and a kids playroom.
Fiorvento said Beedie Living has sold 550 units at Coquitlam’s waterfront community since Debut went on the market last year.
He also confirmed the site plans won’t be changing under the provincial housing legislation that was adopted last winter, aimed to ease the housing crunch by getting more homes built around B.C.
Instead, Fiorvento hopes "the legislation will encourage a quicker approval process."
"We are doing our part to help with the housing crisis. In fact, we’ve got the pedal to the metal."
Meanwhile, pre-sales for Chapter coincide with Beedie’s announcement on Wednesday, May 1, to launch a new trades-focused scholarship program called BUILD.
