Colwood City Centre Heating Up

(Rendering by MCM Partnership showing the project as originally conceived in 2007)

(Image from City Centre Colwood website)

(Image from City Centre Colwood website)

(Image from City Centre Colwood website)

Colwood, British Columbus is a city located on Vancouver Island about 275 miles north of Portland, Oregon and 90 miles south of Vancouver, British Columbia, Canada

Colwood City Centre is a project originally proposed in 2007 but was shelved as the economy began to sour.  It was announced recently work will finally begin on the reported $1.0 billion project and construction is expected to start in September.

The 14.25 acre property will be developed over the next 15 to 20 years depending on market demand and will eventually be home to 2,200 condominium units in multiple mid-rise and high rise towers, over 200,000 sf of retail and restaurants, and significant amount of office space (not yet determined).  Total build out of the project is expected to be more than 3 million sf. Developers hope Colwood City Centre will become the western urban hub of the island and is currently reported to be one of the top three single-site projects in Canada.


MCM Partnership (Vancouver, British Columbia) is the architect for the project and it is being developed by Turner Lane Development Corporation (Victoria, British Columbia).  Financing the project is League Assets Corp also of Canada.


Again, its great to see stalled projects make their way off the boards and back into the headlines.  I know from my personal experience as well as talking with other Architecture and Design firms, many are very busy which means future project announcements are sure to come in the coming months and perhaps some sustainable growth in the real estate/retail development sector.


Here is a article from the Vancouver Sun:
Condo, Retail Development in Colwood Nearing Launch


And here is a statement from League Assets Corp from September 2010:
Colwood City Centre:  Full Steam Ahead


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