Unique $88 million retirement housing project launched in Victoria
Harbourside community downtown being developed by Vancouver-based Element Lifestyle Retirement
Western Investor
September 5, 2019
https://www.westerni...oria-1.23924466
The first B.C. retirement housing project to combine rentals and condominiums with an intergenerational concept has started construction in Victoria.
Aquara by Element is an $88 million, harbourside community downtown being developed by Vancouver-based Element Lifestyle Retirement. It is part of the Bayview master plan community in the Songhees area of Victoria West.
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At full build-out, Aquara by Element will have 157 suites with 47 homes, 75 rental suites, and 35 suites providing licensed care. More than 120 of the homes will be independent and supportive-living suites.
Aquara sold or received rental reservations on 20 per cent of available condos and rentals at a pre-launch event in early August.
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Element recently won an international award for its intergenerational vision for Oasis by Element, a $200 million retirement village in Langley, currently in the approval stage.
The 153,500-square-foot Aquara will include approximately 30,000 square feet of indoor and additional outdoor terrace, patios and rooftop garden for residents. The project will be completed late 2021.
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