VANCOUVER'S NEWEST SHORELINE NEIGHBOURHOOD PROVES ITSELF

New Water Apartments Vancouver

Polygon establishes River District Vancouver as the newest hot spot in Vancouver’s real estate market.

Vancouver, BC – After much anticipation, Polygon opened its doors this weekend to their newest community – New Water – located in the long awaited River District neighbourhood along the Fraser River in South Vancouver.

New Water represents the first opportunity for homebuyers to “buy-in” to this up-and-coming area; as such, its success an indicator of the potential of the cities largest riverside master plan.  

“We are pleased to report 61 sales on our opening weekend”, says Polygon’s President and CEO, Neil Chrystal. “With an initial release of just under 80 homes, we are thrilled to have sold more than 75% in the first two days.”  Between the sales success and the hundreds of people who visited the community this weekend, Polygon in collaboration with River District developer ParkLane Homes, are confident that River District Vancouver is Vancouver’s next big real estate hot spot.

“The initial purchasers at New Water were a mix of young couples, some downsizers and a few investors with most coming from Vancouver, Burnaby and Richmond areas”, said Ralph Archibald, Polygon’s Sr.Vice President Sales and Marketing. Not surprising given its location is situated less than 10 minutes to Metrotown, Richmond, and a 30 minute transit ride to downtown Vancouver.

New Water is a four- storey apartment community made up of one-, two-, and three- bedroom homes in two buildings. Prices at New Water started at $329,900 for a one- bedroom home and $379,900 for a two- bedroom plan. Homes range in size from 656 to over 1,000 square feet. Occupancy is expected in fall 2012.  Polygon expects they will sell out the remaining homes in the first building in the next few weeks and is already preparing for the launch of their second building later in June.

ParkLane Homes is the developer of River District Vancouver. They have built more than 6,000 homes in over 100 communities since 1980. Recognized with over 250 provincial and national awards for building excellence, ParkLane has also been named the Best Builder in BC and Best Builder in Canada.

Polygon New Water Homes Ltd. is the builder of River District Vancouver’s first residential community – New Water. The Polygon family of companies are among the most well established and highly respected home builders in British Columbia. Locally-owned and operated since 1980, they have built more than 19,000 homes throughout the Lower Mainland, ranging from concrete high rises to wood-frame condominiums, townhomes and single family communities.

For more information visit www.riverdistrict.ca and www.polyhomes.com/newwater or contact: 

Ralph Archibald
Senior Vice President, Sales and Marketing
Direct: 604-877-1131
Email: rarchibald@polyhomes.com

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