“Intergenerational” project biggest in Metro Vancouver
October 28, 2019
A 74-acre mixed-use development in the Township of Langley, said to be the largest master planned community of its type in Metro Vancouver, officially begins October 26 with an open house, though home construction on the site began earlier this year.
Latimer Heights, being developed by Vesta Properties, is meant to be an intergenerational community that will consist of approximately 2,000 homes—including retirement homes—a new elementary school and 17 acres of green space and parkland. A retail village is also planned as a later phase in the development. The total cost of the development is projected at close to $1 billion.
“We designed this community where we’ll see families moving in and then perhaps the grandparents joining them in another part of the community. We’re expecting first-time homebuyers all the way up to retirees. Everybody will be living together. Latimer Heights will create a new kind of community that will blend a wide variety of demographics,” said Kent Sillars, Vesta president.
Homes will include detached houses, row homes, duplexes, low-rise and high-rise condos, and townhomes, according to Sillars.
Prices for detached houses of 2,500 square feet start at $883,000; townhomes start at $555,000; and condo apartments will be in the “low $300,000 range,” according to Vesta sales staff.
Latimer Heights is close to the proposed SkyTrain that will eventually link Langley with the SkyTrain hub in central Surrey.