Kirkland Tower: Oh So Close…

Kirkland Tower 8/30/2021 (center) and Indigo Hotel (right)

The Kirkland Tower project is very near complete. They are already selling units and will be doing “hard hat tours” this week for prospective buyers and some lucky agents, myself included. This is the first modern high-rise condo tower in 17 years for Downtown as the last high-rise featuring condos in the mix was Viewpoint at Vancouvercenter. But Kirkland is a dedicated condo tower rather than a mixed use office and residential tower like Viewpoint. This will be the most luxurious and complete living setup of the mid-rise and high-rise condo projects in the urban core. It likely will be the most “posh” residential units in the area including our spectacular waterfront apartments. I have been very excited about this project since they announced it back in 2018. The Covid 19 pandemic has put a serious slowdown on this as it was originally expected to open in Q4-2020 and now we are about to hit Q4-2021. So about a year’s delay. The adjacent Hotel Indigo will also open about the same time.

Between the two towers we will have some very top drawer restaurants opening including Seattle’s famed “13 Coins” and the Northwest legend, “El Gaucho.” Even if you don’t have the seven figure budget to buy one of the 40 spectacular units in Kirkland Tower, you can enjoy the “fringe” benefits of a pair of superb restaurants and even some drinks up at the 8th floor sky lounge and patio also run by El Gaucho.

In other news around Vancouver, a half dozen large projects continue construction. Angelo Tower is complete and leasing residential units, commercial office, and retail space. Aegis at the Academy a two building mid-mis apartment project is finishing up the concrete base and we should see the wood frame portion going up soon. That tends to be a rapid floor by floor build. Those visiting the Downtown branch of Fort Vancouver Library can get a birds-eye view of the Project from the north windows on the 5th floor. The AC Marriott Hotel project at Terminal One has been topped out for a few months and now the exterior cladding is being installed. The Project to remodel the cruise ship landing is far enough along that the American Empress was able to make its customary stop recently unloading hundreds of passengers to flock along the Waterfront and Esther Short Park. The ‘Timberhouse’ project is all dug out and the tower crane is now operating over the project. This one will spend several months below street grade with underground parking and foundation support underway now. The Broadstone Claro meanwhile is wrapping up the parking garage portion of the building and we should see woodframe residential floors going up soon. The largest single building apartment house in Vancouver is nearly complete. The Columbia on block 20 of the Waterfront will have some residents taking occupancy on a few floors in the next 30 days.

Activity in the past week on resale condos was quiet with just one new listing and multiple sales and pending status. So it tightened a bit. Next week I will likely report on the Kirkland Project, stayed tuned for that.

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