No Purchase Necessary.

With panoramic ocean and mountain views pretty much on tap from the West End all the way around to False Creek and Coal Harbour, finding a way to make a new Vancouver apartment building stand out from the crowd takes some imagination.

Located at Bute Street and Beach Avenue—the waterfront street that links a necklace of parks and green spaces running from the Burrard Street Bridge to the entrance to Stanley Park—Deecorp Properties’ Eventide homes are not classified as condominiums, but a form of occupancy known as “long-term leasehold.”

Deecorp retains ownership of the building, while each of three occupants will pay luxury market fees—prices have not yet been set—to lease their units. Why lease when you could purchase? According to developer Stanley Dee, it’s an attractive proposition for those hoping to avoid the slew of government taxes that have taken effect in Vancouver over the past three years.

Eventide is designed to attract low-key, high net-worth individuals and families who likely already own several homes around the world,” explains Dee, who owns several nearby commercial properties. “Typically, they visit Vancouver, fall in love with the city, and know they want to be a part of it.”

Designed by renowned Vancouver architect Paul Merrick, Eventide updates the airy, open-plan design principles of West Coast Modernism in multi-level homes ranging in size from 1,667 to 3,300 square feet. Hodgson Design Associates has created interior spaces for the homes that take maximum advantage of the natural light and flow elegantly from one room to the next. Each home will be decorated with original works by contemporary and Indigenous artists or, Dee says, “Occupants can furnish their own artwork.”

Dee hopes to foster an almost communal bond among the building’s three occupants, similar to membership in an exclusive private club or that which exists among owners of Manhattan luxury co-ops. “There are many global billionaires who are just beginning to hear about Vancouver,” he says. “Eventide is the perfect place for them to park their money and enjoy West Coast living at its best.”

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Post Date:

June 19, 2019