Concord Pacific Developments Corp. is moving ahead with the "pivotal" development on its Pacific Place site.
Aquarius will not only be the largest single project undertaken on the site, but will also give it a commercial and community heart. Construction will begin shortly.
Henry Man, Concord's director and senior vide-president, says Aquarius will comprise two high-rise condominium towers, a low-rise tower and townhouses, and a retail area that will include a 25,000 square-feet supermarket, two banks, medical and dental offices and restaurants.
Marketing of the 400 units will begin March 15 and the whole project will take about two years to complete.
"One of the major undertakings we made when taking on this overall development six or seven years ago was to create a community," Man says. "This project will signify the arrival of Pacific Place as a real community."
Aquarius will occupy the block bounded by Pacific Boulevard, Davie Street and Marinaside Crescent. The highest tower will be 33 storeys, accompanied by a 29-storey tower, plus a 12-storey building with larger suites and 15 luxurious townhouses that will all surround a central lagoon.
Units range in size from 520 square feet up to 2,400 square feet, with prices starting at $138,000.