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  #61  
Old Posted Jun 17, 2010, 5:33 AM
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jlousa jlousa is offline
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Sales have been going really well on this project, even better then they expected. Apparently they've already topped $130M in sales. Have to admit I'm surprised by the strength at the high end of the market.
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  #62  
Old Posted Jun 17, 2010, 5:56 AM
deasine deasine is offline
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Originally Posted by jlousa View Post
Sales have been going really well on this project, even better then they expected. Apparently they've already topped $130M in sales. Have to admit I'm surprised by the strength at the high end of the market.
I'm surprised they are able to sell at such outrageous prices... FOR RICHMOND. It's a surprisingly quiet area though. It's right across from the airport; you would expect it to be a little louder.

This is definitely a case where the Chinese Mainlanders are buying these kinds of properties. I believe they have reported that at least "60%" are mainlanders. Don't quote me entirely though.
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  #63  
Old Posted Jun 18, 2010, 4:35 PM
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River Green already half-sold


Quote:
By Martin van den Hemel - Richmond Review
Published: June 16, 2010 3:00 PM
Updated: June 17, 2010 10:51 AM

At noon on Saturday, the doors at River Green's $9 million sales and presentation centre will swing open, and the first homes at the Richmond Olympic Oval residential district will be available for sale to the general public.

It's expected to be a milestone moment for the waterfront neighbourhood which will transform into Richmond's answer to Yaletown or Coal Harbour in the coming decade, according to developer Aspac Developments.

Richmond realtor Patsy Hui has heard plenty of buzz about the project in recent weeks, including word that the bulk of the best units have already been gobbled up by investors and realtors.

"I heard that it's mostly sold already," Hui said Wednesday.

Sales director Lily Korstanje confirmed that 75 of the first 150 units being released this week have already been sold.

And Korstanje anticipates all 150 units to sell out quickly.

She assured the public that many units have been held back from sale to this point, to make them available on Saturday.

But if you need financing, don't bother showing up.

To this point, no purchase offers containing subjects have been accepted. That means people are paying in cash.

And with a 25-per-cent down payment, a $500,000 condo will set you back $125,000 today for a property that won't be done for at least two years.

Some 3,000 people have registered their names for the properties, Korstanje said, a sign of the heavy interest.

According to Hui, one of her clients inquired about the available units, and was told that most of the prime upper floor locations have already been sold, and that only the lower floor units were still available, she said.

Hui anticipates that would-be buyers will line-up long before the presentation centre opens Saturday.

Asked whether there's rampant speculation buying, Hui said she'd term it confidence-of-the-future buying. But she doesn't doubt that some speculators will be trying to flip their units before the project is ultimately completed in a couple years.

She's also heard that a group of buyers has purchased between 10 and 15 units, though Korstanje said that's not true of the Richmond project, but rather another Lower Mainland development.

Magnum Projects is marketing the first phase at River Green, the six tiered towers, the tallest standing 13 storeys.

At more than $700 per square foot for some units, the prices at River Green are on par with Kitsilano, but Korstanje notes that some units are affordable at $550 per square foot.

Magnum principal George Wong has described it as "the most significant waterfront community in Canada, right here in Richmond."

Korstanje said top-notch finishings and breathtaking views of the Fraser River and North Shore Mountains, along with a concierge service and resort-class amenities, will help River Green live up to buyers expectations.
http://www.bclocalnews.com/richmond_.../96514714.html
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  #64  
Old Posted Jun 18, 2010, 4:51 PM
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I am continually stunned at how this project is going, first at their prices, then how well sales are going, and now to learn that most are in cash? Go China Go! lol.
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  #65  
Old Posted Jun 19, 2010, 3:48 AM
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They are getting plenty of press...


Chapter 1 of River Green ‘story’ a page turner

$9-million sales centre, $90 million in sales to ‘VIPs’ inaugurate 15-year campaign

By Claudia Kwan, The Vancouver Sun June 18, 2010 5:02 PM

Quote:
River Green

Project location: Hollybridge Way and River Road, Richmond

Project size: Six buildings with 458 units in Phase 1

Residence size: 1-bed 700 sq. ft.; 1 bed + den 800 sq. ft.; 2-bed + den 1,280 sq. ft.; 3-bed + den 1,950 sq. ft.; town houses 1,470 sq. ft.; 4-bed + den villas 3,640 sq. ft.

Prices: 1-bed from $542,000; 2-bed from $613,000; townhouses from $829,000; 4-bed + den villas from $3.2 million

Developer: ASPAC Developments

Architect: James KM Cheng Architects Inc.

Interior Design: Scott Trepp, Trepp Design

Sales centre: 5111 Hollybridge Way

Hours: 10 a.m. — 6 p.m., daily

Telephone: 604-233-2633

Web: rivergreen.com

Occupancy: Summer 2013

By Claudia Kwan

Imagine a place where you can stroll by expansive vistas of water, and perhaps be greeted every so often by a golden retriever sniffing around for intriguing scents.

You nod hello to seniors out for a walk, or joggers and cyclists doing a quick round of cardio, and or families out for some fresh air.

You ponder stopping off for breakfast at a local café, but instead amble home through perfectly landscaped gardens, eventually arriving at the front door of your luxury home.

Inside, you can make yourself a cup of java from your built-in espresso maker, or scramble some eggs on your top-of-the-line stove before beginning your day.

It’s not Coal Harbour in downtown Vancouver; it’s Richmond.

This is the vision being painted at the sales office for ASPAC Development’s River Green. In fact, it’s not even being called a sales office.

The $9-million structure, designed by River Green Phase 1 architect James Cheng, has been dubbed a “story centre.”

Prospective buyers will find the 19,000-square-foot building tucked away behind the Richmond Olympic Oval. When they enter, they will be greeted by an indoor fountain meant to evoke the water surrounding the “island” of River Green outside.

Just past the fountain, glossy white interactive models tell the tales of local landmarks. including the Gulf of Georgia cannery in Steveston, Finn Slough, and the heritage London Farm.

There are also massive video screens that can be used to display anything from triumphant moments during the 2010 Olympics, to cartoons designed to amuse fractious children of buyers.

On the third level, there are three show suites intended to demonstrate the sumptuous lifestyle into which River Green purchasers are buying. All the little details have been considered, from a cutlery tray in the dishwashers – perfect for cleaning up after entertaining – to the aforementioned built-in espresso-maker.

River Green marketer George Wong of Magnum Projects says there’s already been incredible interest, with more than 3,000 people registering online to receive advance information about the project.

He predicts about $90 million in agreements of sales and purchase will have been signed by end of day Friday, on about 120 homes.

That’s even before the marketing campaign makes any sorties overseas.

“The buyers are VIPs from Vancouver, Burnaby, Richmond, and the North Shore,” says Wong.

“They’re looking for an exclusive, high-end lifestyle.”

He adds they’re embracing the idea that this is the Richmond equivalent of Coal Harbour – and trying to get in on the ground level.

This is the first push for an ambitious 2,600-unit master-planned community on 11.2 acres of waterfront between the No. 2 Road and Dinsmore bridges in Richmond. Developer ASPAC is expecting completion of the entire project to take between 10 and 15 years. Construction will be rotated between the left and right ends of the huge land parcel, to minimize noise and disruption for residents.

Wong says the goal of River Green, styled as a waterfront “village”, is to be an enclave of convenience and comfort. Residents will have easy access to extensive health and wellness facilities in the former Olympic speed skating oval, as well as trails and park land throughout the development. The project is aiming for LEED gold status, with initiatives for green roofs and rainwater conservation. Plug-ins for electric vehicles will come standard in the building.

Architect James Cheng says he and ASPAC learned some lessons from their previous experience building up Coal Harbour.

“At the beginning, it was a little isolated (in Coal Harbour),” Cheng admits. “The grocery stores were a few blocks away, there wasn’t much in the immediate area. We know people want to work and play in the same area. They want a complete community.”

Cheng says they wanted to allow residents easy access to luxury resort-style amenities. To that end, he says, they tried to incorporate at River Green all the services, security, and convenience one would find at a five-star establishment.

Residents will be able to connect with the area by having access to a community shuttle that can take them to destinations like Vancouver International Airport, or the Canada Line transit station, which is a 20-minute walk away. For those who want to minimize the use of cars, bike paths are being expanded, leading to local businesses. A pedestrian promenade links the community together, allowing for easy access from across the neighbourhood to the oval.

When it came to architectural interest, Cheng says there was no need or desire to compete with the iconic oval or the waterfront views, visible through the many windows in the River Green buildings.

Instead, he tried to focus on the “near view” – the 200 to 300 metres of landscaping visible from the buildings.

“There are many days when you can’t see the mountains or the river because of the weather,” says Cheng. “So I spent time designing in gardens and water elements – even introducing the sound of water – because the river’s very quiet. This way, you can feel the lightness of the wind and the dampness of the air, and it brings in more of a sense of privacy. It sets up a boundary between public and private space.”

Both Cheng and Wong believe River Green will fill a void in the market: a demand for high-end multi-family housing in Richmond.

“We have people working at YVR (Vancouver International Airport), the London Drugs warehouse, BCIT professors [who work at the Richmond aerospace campus],” says Wong. “They want to live closer to where they work, but they haven’t had this option up until now.”

Cheng says the goal was to make the community sustainable over the long term, capable of evolving to fit the changing needs of residents. That’s why they incorporated everything from one-bedroom units to villas of more than 3,500 square feet in place of single-family homes.

“This is the point of a complete community,” Cheng says with a smile. “This will be here for 100 years or more, for many many cycles and generations. So that’s why we wanted to get it right.”

Special to The Sun

© Copyright (c) The Vancouver Sun
http://www.vancouversun.com/Chapter+...#ixzz0rGdCRpqd
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  #66  
Old Posted Jun 19, 2010, 5:36 AM
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I guess when you're gearing your development to astronaut buyers who can shield much of their income offshore, they sky's the limit!
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  #67  
Old Posted Jun 21, 2010, 1:17 AM
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According to a story just shown on Global News, this project is sold out.
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  #68  
Old Posted Jun 21, 2010, 2:44 AM
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Richmond development reportedly breaks real estate sales record

One family bought four units worth $5 million

Sonia Aslam/John Streit Jun 20, 2010 16:57:29 PM

RICHMOND (NEWS1130) - Advertised as Richmond's very own Coal Harbour, the River Green development sold out this weekend at $145 million. According to the developer that breaks a Richmond real estate sales record.

The biggest purchase was by a family who bought four suites valued at $5 million. Four penthouses also sold on the opening weekend at over $3.4 million. The 150 condo complex set Richmond sales records for individual condominium sale price and price per square foot.

Condo developer George Wong says this proves the once down and out real estate market is back. "It does set the tone for Lower Mainland real estate strengths. Certainly hope this is a shot in the arm for real estate in the province."

The 28-acre luxury waterfront community is expected to take 15 years to build.





It's going to take 15-years to build this????
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  #69  
Old Posted Jun 21, 2010, 3:12 AM
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jlousa jlousa is offline
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Yes between 12-15yrs, same as SEFC and EFL and most likely little mountain as well. Projects this size are built over a few phases.
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  #70  
Old Posted Jun 21, 2010, 4:53 AM
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What sold out today was phase 1, finishing in 2013 going from memory.

There will be many more phases over many years.
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  #71  
Old Posted Jun 21, 2010, 5:36 AM
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Originally Posted by Zassk View Post
What sold out today was phase 1, finishing in 2013 going from memory.

There will be many more phases over many years.
Phase 1 consists of six buildings A thru F. A sales agent at the site told me only the first three building A, B, C were on the market as of yesterday.

Building A, B, and C are on the western part of the development near the No. 2 bridge. The model shows there is another north-south row of 3 buildings to be in between ABC and the No. 2 bridge.
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  #72  
Old Posted Jun 21, 2010, 3:06 PM
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I'm wondering how all the traffic from River Green is going to get out onto Richmond roads or into Vancouver. For example, currently the 2 Rd bridge isn't easily accessible from the site. The Dinsmore is, but it would be overwhelmed with this kind of volume.
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  #73  
Old Posted Jun 21, 2010, 3:24 PM
Zassk Zassk is offline
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^ Good question. The official community plan calls for a few road changes in the area that would give full access to both bridges -

1) a full intersection at River Road and the foot of No. 2 Road bridge;
2) River Road extension along the old railroad right-of-way, with a full intersection at the foot of Dinsmore Bridge, and continuing north;
3) Lansdowne Road extension to the oval, giving direct access into Richmond city center (and a walking route to Canada Line).
4) Elmbridge Way extended to meet Ackroyd Rd. This has already begun construction from what I saw this weekend.
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  #74  
Old Posted Jun 22, 2010, 3:09 AM
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Quote:
Originally Posted by Zassk View Post
^ Good question. The official community plan calls for a few road changes in the area that would give full access to both bridges -

1) a full intersection at River Road and the foot of No. 2 Road bridge;
2) River Road extension along the old railroad right-of-way, with a full intersection at the foot of Dinsmore Bridge, and continuing north;
3) Lansdowne Road extension to the oval, giving direct access into Richmond city center (and a walking route to Canada Line).
4) Elmbridge Way extended to meet Ackroyd Rd. This has already begun construction from what I saw this weekend.
Interesting. Point 1 scares me - the way people come flying off the 2 Rd bridge into Richmond, that will be a high-accident intersection waiting to happen!
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  #75  
Old Posted Sep 3, 2010, 6:09 PM
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two industrial buildings in the process of being demolished as we speak

first one is for a new onni development.... three highrises i think at the SW corner of hollybridge & river rd. http://www.liveatora.com/

second one is kitty corner at the same intersection. aspac-owned property part of the river green development. not sure why they're demolishing this one already since i thought they wouldn't be developing this area until the later phases.
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  #76  
Old Posted Sep 3, 2010, 8:55 PM
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will be more appealing to buyers to see the building gone
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  #77  
Old Posted Oct 6, 2010, 9:24 PM
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http://www.liveatora.com/

link

First Ora tower sells out

By Christine Lyon - Richmond Review
Published: October 06, 2010 12:00 PM
Updated: October 06, 2010 12:16 PM

The first of three high-rise towers being developed across from the Richmond Olympic Oval sold out in less than a week.

Onni Group’s Ora development sold all 68 homes in its first building as of Tuesday, for sales valued at $30 million.

Units ranged from 540 to 805 square feet with prices starting at $276,900.

Residents can move into the tower in spring 2013.

The phase one sales occurred after a realtor event hosted by Onni and real estate marketing firm The Key on Sept. 29 which attracted more than 500 realtors. The opportunity to sell the first Ora tower was given exclusively to realtors.

“The Oval village is the Coal Harbour of Richmond, and Ora offers buyers that chance with incomparable value in a premium location,” said Cameron Good, president of The Key, in a statement.

When complete, Ora will consist of three towers ranging from 12 to 15 storeys with a combined 300 homes.

The $150-million development will feature a mix of retail and residential units and feature a 42,000-square-foot wellness centre with a fitness and yoga centre, indoor pool, squash court and media room.

Phase two of the development will be unveiled Saturday.
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  #78  
Old Posted Oct 6, 2010, 9:34 PM
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Quote:
“The Oval village is the Coal Harbour of Richmond
You gotta love marketing
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  #79  
Old Posted Oct 12, 2010, 8:49 AM
deasine deasine is offline
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Tower 2 is apparently also sold out. Thread has been renamed to reflect the community as a whole.

Few photos from the Realtor event, as per Facebook Profile Page.
Full Album Link Here: http://www.facebook.com/pages/Onni/175451564242?v=wall#!/album.php?aid=220769&id=175451564242









Mostly Chinese:








Funny how the units in around the Oval Village is flying off the shelves while the Olympic Village, with a much more prime location, isn't selling at all.

Last edited by deasine; Oct 12, 2010 at 9:05 AM.
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  #80  
Old Posted Oct 12, 2010, 3:21 PM
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Funny how the units in around the Oval Village is flying off the shelves while the Olympic Village, with a much more prime location, isn't selling at all.
As you said, check out the demographics in the photo.

Quiet frankly, I've never understood why the Chinese have taken to Richmond so strongly. When the big quake hits, property there's going to be the worst real estate investment in town.
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