Harlo Capital and its partner identified an attractive opportunity to develop a 5-storey, 80-unit, 61,000 sf purpose-built rental project in Vancouver, British Columbia. The partnership secured four properties and a municipal lane totalling 0.53 acres at the corner of Stainsbury Avenue and Victoria Drive in the Kensington Cedar Cottage neighbourhood. Two SkyTrain stations within 850 meters connect this project to downtown Vancouver, Burnaby, New Westminster, and Surrey along the Expo Line. Other local amenities are concentrated 400 meters north at the 70-acre John Hendry (Trout Lake) Park, which features a freshwater beach, a community centre, a regular farmers’ market, an ice rink, playing fields, performing arts facilities, and walking trails. Construction began in the first quarter of 2021, and occupancy is expected to commence in the summer of 2024.
Please visit www.thestainsbury.com for more information
