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Adding more rental properties has become a popular mantra for some developers. The latest to infuse this into plans is Bosa Properties CEO Colin Bosa, who is looking to create hundreds of new rental units across various sites in Vancouver, Burnaby, Squamish and Surrey.
“Quite frankly, we saw the market (for presale condos) potentially slowing down last year,” said Bosa.
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“We’re really interested in keeping our people employed. (Building rental) allows for some diversity of earnings so that we can ensure there is work for our employees because that was something that was top of mind for us as we’re going through COVID.”
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Bosa launches Gensler-designed Central Park House condo tower | RENX
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This tower was developed by Bosa Properties and designed by Henriquez Partners Architects as one of the visual gateways into the downtown core along the West Georgia Corridor from Stanley Park.
It is considered as one of the starchitect designs in the growing cluster of innovative and unique tower architecture in the general area of the northwest corner of the West End and the southwest corner of Coal Harbour.
Cardero at 1575 West Georgia Street, Vancouver. (Ema Peter)
Cardero at 1575 West Georgia Street, Vancouver. (Ema Peter)
Cardero at 1575 West Georgia Street, Vancouver. (Ema Peter)
The LEED Gold green building’s main defining feature is its deeply angled, v-shapes of white steel that also serve the functional purpose of providing shading and privacy for the homes, and reducing solar heat gain. The origami-like shapes were inspired by seagulls and the hang gliders on Grouse Mountain.