BC tallest rental development

Starlight acquires tallest rental development in Western Canada

Monday, November 16, 2020

Skyline Investments has completed the acquisition of Western Canada’s tallest rental development, a high-rise, mixed-use, multi-residential building comprised of 398 rental units. Located at 900 Carnarvon Street in New Westminster, BC, the newly constructed property rises 40-storeys and and is connected to 4,600 square feet of retail.

“The acquisition of this signature property builds on Starlight’s presence in the Lower Mainland of British Columbia and demonstrates our strategy of acquiring top-quality, well-positioned and highly sought-after, high-rise, concrete buildings in desirable urban communities across Canada,” said Daniel Drimmer, Starlight’s President and Chief Executive Officer.

Upon inception of the lease-up campaign, BC’s tallest rental development was named Aqua. Centrally located near the New Westminster SkyTrain station, the building connects to numerous stores and services in the adjoining retail component. Residents at the property also have immediate access to the Shops at New West.

On-site amenities feature a two-storey lobby and several distinct spaces that flow naturally into one another. Integrated into the building is a terrace garden on the 6th floor and a terrace on the 37th floor with ocean views.

The 8,000 square foot amenity floor includes a well-equipped fitness centre, change rooms with steam showers and a multi-purpose lounge with access to the patio. There is also a garden, a games and an entertaining room, a full chef’s kitchen and a dining area.

Starlight already owns several properties in the New Westminster neighbourhood, including the 113-unit low-rise at 720 Queens Ave., which it purchased late in 2019.

Aqua will be managed by Gateway Property Management Corporation.

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