Vivid sold-out in October of 2018. Excavation began in January of that year, or ten months earlier.

All lenders want to see strong sales activity prior to giving the go-ahead but work on the Yates/Vivid project began well before the project hit 50% sold-out; it reached 90% in June.

Vivid sold-out in October of 2018. Excavation began in January of that year, or ten months earlier.

All lenders want to see strong sales activity prior to giving the go-ahead but work on the Yates/Vivid project began well before the project hit 50% sold-out; it reached 90% in June.

Hmmm. I believe you are right. They weren't waiting for 100% status before they started building, they just needed 100% status before BC Housing would release the funding for Vivid to Chard

Hmmm. I believe you are right. They weren't waiting for 100% status before they started building, they just needed 100% status before BC Housing would release the funding for Vivid to Chard

I see - that makes sense.

Yeah, parking is always an issue. I hope there is enough parking for everyone. Parking in general seems to be super expensive (the deeper you have to blast, the more expensive) to the point that developers don't get much return on it... at least from what I read.

The low rise building has 104 units and 59 residential parking spaces.

The 12-storey building has 107 units and 70 residential parking spaces, plus a handful of visitor and car share spaces.

All of the 107 commercial parking spaces are in the low rise building.

Haven by Chard (the attainable portion of this project) has begun marketing:

https://www.havenbychard.com/