Development of a splashy 1,500-home harbourfront neighbourhood on Pier 8 is making headway.
Waterfront Shores recently signed a lease with the city to use a portion of the Discovery Centre as a showroom and sales centre for its long-awaited, 45-storey condo project, according to a report bound for the west harbour subcommittee Friday.
The lease marks an important step forward in the consortium’s plans to redevelop the city-owned former industrial pier into 1,500 condo apartments and townhouses, said Joe Valela, president of consortium partner Tercot Communities.
Valela said building permits to modify the leased space into a showroom featuring vignettes of condo designs will be filed in the next few months. Its completion and opening will see sales begin later this year, he added, with construction planned for 2024.
“We now have all the pieces that we need and we’re very pleased with where we are,” Valela said over a