from today's GlobeSt (7/31):
Last updated: July 29, 2008 10:47pm
Five-Star Resort To Get First Residential Units
By Connie Gore
"VICTORIA, BC-Looking to leverage its oceanfront views, the developer of Brentwood Bay Lodge & Spa will break ground in the coming months on the five-star resort's first residential phase. The six villas will deliver in late spring 2009, opening the door to a marketing blitz for a 24-condo phase two.
The resort's OceanVillas development is expected to be one of the first multi-unit projects to deliver in Canada with LEED for Home certification. The two three-story buildings will have two-bedroom units, with dens and great rooms, averaging 1,850 sf at prices ranging from nearly $1.4 million to $1.79 million. The amenity package includes a private 40-foot boat slip in the resort's full-service marina.
The two residential phases will add a combined $22 million of sales value to the $20-million resort, which opened in May 2004, says Dan Behune, managing director and developer of the two-acre Brentwood Bay Lodge & Spa. He tells GlobeSt.com that ground will break "as soon as we get our permits," estimating the milestone will be marked within 50 days. He confides the permit request will go into the city before this week ends." ...
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