Not much activity this week with just a few units showing activity and inventory pressure remains about the same. Meanwhile construction continues at a feverish pace with seven tower cranes supporting large urban projects in Vancouver, six of them Downtown and on the Waterfront.

This summer should produce even better retail and food service revenue as two more urban apartment projects are about done. Aegis Phase one, now called Aeon is open and leasing and Timberhouse, now called the Miller has 227 units that will be available before the Fourth of July. This will create even more peeps in the area to support the nice infrastructure of fine dining, wine tasting, and other retail establishments on the waterfront and all over greater Downtown.

For renters looking for a slightly less busy atmosphere the new Aeon should not disappoint. These are at the Academy site and are a few blocks off the busy corridors and bustling Esther Short Park area. Of course these are still a short walk to the Park so access is great, but C Street is pretty quiet after dark. There is a rooftop patio area that the developer claims offers a 360º view. Condos in this area are available at Academy Square, you can check those out here.

I added a new page to the “Urban Architecture” section called, “Lost Blocks” that pays homage to lower Main Street which was almost entirely lost to the Interstate 5 Project in the late 1950s. Check it out here.