Burnaby, BC, Oct. 10, 2019 (GLOBE NEWSWIRE) — Grosvenor Americas and Citimark Group have teamed up with Transca Development to develop Polaris at Metrotown, a 36-storey residential project in the heart of Burnaby. Polarisis a contemporary collection of 313 one, two and three-bedroom homes, townhomes and live-work residences just steps away from rapid transit, Bonsor Park and Metrotown, BC’s largest shopping center. The project has seen great success to date, with 80% of the project pre-sold.
Over the course of fifteen years, Citimark and Grosvenor Americas have focused on collaborating on residential projects in the greater Vancouver area, most notably 15 West, a high-rise comprised of 115 homes in the heart of Lonsdale, North Vancouver. Polaris will mark the fourth project between the two well-established developers, as they bring their successful working relationship and high-level of both local and international expertise to the project. Grosvenor also has a long-standing history in the Metrotown area, having built residential properties overlooking Central Park in the 1970’s.
“Each project we’ve built together has been unique,” says Nelson Chan, President of Citimark, “Polaris will be another development with Grosvenorwhere we combineour collective experience and expertise to deliver a project of outstanding quality and thoughtful design to Metrotown and the residents of Burnaby.”
“We’re excited to embark on this new journey with Citimark and Transca,” says Michael Ward, Senior Vice President Development and General Manager, Vancouver of Grosvenor Americas, “We feel a great sense of pride collaborating with like-minded property professionals to develop noteworthy, memorable projects in highly desired neighborhoods like Metrotown.”
“Our vision for Polaris was always to inspire others,” says Fred Zhu, CEO of Transca, “Now, we’ve combined the original vision for the project with the experience of two seasoned developers to create a one-of-a-kind, globally recognized project in the heart of Burnaby and we couldn’t be more excited.”
Designed by globally recognized architectural firm, IBI Group, Polaris will be a marked by a public art installation and striking water feature at its elegant lobby. Each contemporary home features thoughtfully designed interior features by award-winning BYU Design including optimal living spaces, spacious balconies, air-conditioning and Italian-made cabinetry. Project amenities will include concierge service,a guest suite for visiting family and friends, a bike repair/wash station and the shared amenity space will include a social lounge, virtual golf simulator, table tennis room, meeting room, outdoor gardens with fire pit and BBQs.
Polaris has begun construction and is expected to be completed in early 2022. Citimark, Grosvenor and Transca anticipate releasing the final homes at Polaris for sale next year.