Luxury wood condos start at $3 million
December 12, 2017
Canada’s tallest wood condominium building was unveiled in Vancouver but these condos could not be defined as “affordable” because the 20 luxury units have a starting price of $3 million.
Terrace House, being built in downtown Vancouver, “is the pinnacle of modern development and will stand among some of the greatest residential buildings in the world,” said Macario Reyes, founder and CEO of developer PortLiving.
Half of the condominiums cover an entire floor of the 19-storey tower.
The average-sized 2,200-square foot unit could be priced at or near $5.5 million—among the most expensive condos built in the city.
The project is the first in Canada for Japan’s Pritzker Prize-winning Shigeru Ban and is the tallest hybrid-timber structure in the world.
As well as the oceanview location in Coal Harbour, owner amenities will include 27-foot high ceilings, marble countertops and floors, and smart home controls including electronic-controlled glass-sliding panels to the terraces, in-floor radiant heating and cooling that extends to balconies, architect-designed door handles and landscaping, and, of course, a “dedicated concierge team.” The wood is sourced from a sustainably managed forest in southeastern B.C.
Terrace House is now under construction and is expected to be completed in two years.