Anthem Properties announced today it has finalized joint venture agreements with a long-term, institutional investment partner to develop two concrete, mid-rise rental towers with retail at-grade in the City of Vancouver, at sites along the Cambie Corridor near Oakridge Centre and off Kingsway at Fraser in the desirable Mount Pleasant neighbourhood.
The first site, located at Heather Street and West 41st Avenue, is an 18-storey mixed-use rental development featuring 183 rental homes, 1,200 SF of ground-floor retail, and rooftop amenities. The project offers strong transit access, immediate proximity to Oakridge Park, and aims to serve families, students, and professionals.
The second site, near the corner of Fraser and Kingsway, is a 14-storey mixed-use rental building featuring 110 rental homes, 4,200 SF of retail at-grade, and rooftop amenities. Located near key institutions and vibrant local businesses, this development will serve a diverse community of families, students, and professionals.
“Heather and Fraser are strong additions to our growing rental portfolio, positioning us well to accommodate what we see as a coming bounce-back in demand for the structurally undersupplied housing market,” said Jordan Carlson, Executive Vice President, Investment Group, Anthem Properties. “These are centrally located, thoughtfully designed buildings which we will build and hold with our partner for the long-term. Both developments offer an appealing mix of affordable and family-oriented units to serve the diverse needs of these growing communities.”
Both projects are fully financed and entitled, with active construction to begin in early 2026. Completion of these sites is anticipated in early 2028.
