Commercial real estate news releases from Avison Young
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
HomeSpace giving vacant downtown tower new life as affordable housing
An artist's rendering shows Sierra Place as it will look after being repurposed by HomeSpace as affordable housing units downtown. Rendering by Gibbs Gage Architects supplied by HomeSpace. PHOTO BY RENDERING BY GIBBS GAGE ARCHITECTS /Postmedia Network
Bernadette Majdell, CEO of HomeSpace Society, has praise for a city council decision to approve a $5.5-million grant allowing a vacant downtown office tower to be transformed into affordable-housing rental units.
Sierra Place, on the corner of 7th Avenue and 6th Street S.W., is to be stripped down, spruced up and converted into 108 residential units.