



|
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City Club on the Park, Burnaby – 1998
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Developer/Owner |
City Club Development Ltd. |
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Type |
A 160-unit mixed use strata
development on Kingsway, near Middlegate Mall, this project combined
wood-frame residential townhouses built over street-front strata-titled
commercial bays, with a 140 unit high-rise condominium tower, in a PPP
that provided cross-subsidization to the capital costs of 10 non-market
accessible units for wheel-chair bound independent adults.
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Value |
$29,000,000 |
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Role |
Pat Frewer joined City Club on contract, when construction of this
project was about 50% completed. He led the organization of the Sales
Team and the project’s lenders, through a difficult process of staged
occupancy and possession, under the duress of cost overruns and
builders’ liens. Eighty-eight pre-completion sales were successfully
closed and the condominium strata corporation was commissioned as an
independent governing body, before a receivership order placed the
project in the lenders’ control and terminated City Club’s involvement.
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