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Old Posted Jul 10, 2015, 3:00 AM
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From: http://www.castanet.net/news/Busines...le-begins-soon



Quote:
SOPA sale begins soon


The sale of residential units at the on-again, off-again SOPA Square development will begin July 18.

Aquilini Development a subsidiary of Aquilini Investment Group and owners of the Vancouver Canucks, breathed new life into the project when it purchased the development earlier this year for $29.5 million.

Homes are priced beginning at $282,900.

The company is announcing the sale date despite not having final approval to begin construction from city council. That approval is expected to be granted during a public hearing Tuesday.

The hearing is needed to adopt zoning changes and changes to the development and development variance permits.

"The zoning (council) are being asked to adopt on Tuesday night is for the surface parking lot behind the development. The development permit is for the form and character changes, and the development variance permit is for the height of the building," said subdivision approval manager Ryan Smith.

"They are taking height (two storeys) from one side of the building and adding (three storeys) it to the other side of the building."

A refinement to the design of the residential portion of the building and floor plans by Aquilini Development does not require approval by council. The detailed plan for the development will be unveiled on the 18th.

Pending council approval, Aquilini intends to begin construction of the condo and townhouse towers later this year, with an anticipated completion in the summer of 2017.

The commercial units are partially occupied, with The Canadian Brewhouse and Famosa Neopolitan Pizzeria scheduled to open this summer.

The company is optimistic the commercial space will be fully occupied.
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