Vancouver Spectrum Condos, Yaletown
Spectrum 1 - 111 West Georgia Street, 30 levels - 221 condos
Spectrum 2 - 668 Citadel Parade, 27 levels - 222 condos
Spectrum 3 - 131 Regiment Square, 26 levels - 211 condos
Spectrum 4 - 602 Citadel Parade, 32 levels - 245 condos
The last 2 of Spectrum Tower 3 & 4 of four towers were completed by the fall of 2007. The neighborhood came to live when Costco opened it's Downtown Vancouver store in 2006. Presale condo buyers were the lucky ones who recognized the incredible values Spectrum condos had to offer.
The presale condos were selling at $129,000 for the 483 sq ft studio units and up to $375,000 for the larger 958 sq ft 2 bedroom + den condos. Click here for price range for resale Spectrum condos over the past 12 months - up to September 30, 2008.
Condo owners and renters moved in by the fall of 2007. The resale prices for studios reached as high as $313,000 and the higest price 2 bedroom + den condos were selling close to $599,000. The great demand for Spectrum condos spurred condo buyers' interest on other developments around International Village/Tinseltown and Bosa's Brighton Towers at Citigate.
Transformation Of Downtown Vancouver
As part of Concord Pacific Group's Spectrum project, Costco bought the 127,000-square-foot store and successfully opened for business in 2006. Access to this new Costco Downtown Vancouver store is from Expo Boulevard. This new Costco warehouse store is a feat of engineering. The store is bordered by GM Place, the Georgia viaduct and the eastern end of Vancouver's downtown.
Concord Pacific has also incorporated an elevator and stairway that connect the store to the Stadium-Chinatown SkyTrain station above it. This Costco store has two floors of parking below it and two floors of parking above it. The four Spectrum Towers with with 900 condos perched above it.
This Costco store is a very valuable piece of real estate - Downtown Vancouver is one of the most densely populated areas in North America. "It is the most unique Costco in the world," said Robin Ross, Costco's regional marketing manager for Western Canada. An expanded deli selection of "home ready meals" catering to the shopping needs of singles, couples and young families living in Downtown Vancouver.
Click here to read the story : "Warehouse retail chain opens doors of its most urban outlet in North American to a horde"
Is this a good time to buy a condo in Downtown Vancouver? There answer depends on whether you feel comfortable to make the move. You can view Vancouver Downtown West condos for sale here.
If you like to have more information on some of the great buying opportunities at Spectrum towers, kindly call me at 604-721-4817 or email me.
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