Woodland Park, the first master plan community approved in Port Moody since 2004, is progressing under its new name: Portwood. This development, situated on 1190 Cecile Drive, is being executed in five phases, moving generally clockwise across the site. Phase One will focus on affordable housing, developed by BC Housing on land provided by Edgar Development.
Portwood will feature 20 low-rise and mid-rise buildings spread across 23.7 acres, providing 2,053 housing units, a childcare facility, a grocery store, and additional retail spaces. The community will include:
- 1,596 market strata units
- 132 market rental units
- 325 below-market rental units
BC Housing has committed $140M for the below-market units, secured by Edgar Development, which exchanged five acres of land for this funding.
Location and Accessibility
Portwood is ideally situated for easy access to various amenities and transit options:
- Transit: Just a four-minute drive to the Millennium Line SkyTrain’s Burquitlam Station.
- Nearby Institutions: Due east of Simon Fraser University’s Burnaby campus.
- Shopping and Dining: The development includes a grocery store and retail spaces, with more options available in nearby areas.
- Parks: Two new parks, Hub Park and Cecile Bend Park, will be part of the community, enhancing the green space offerings.
Community and Amenities
Green Spaces
Approximately 70% of Portwood's 23.7-acre site will be green space:
- 8.3 acres of open green space
- 5.2 acres of Environmentally Sensitive Areas
- 2.9 acres of trails
Residential Features
Umbra at Portwood offers 219 units in a mix of condominium and townhouse formats:
- Six-storey building with 172 condominiums (68 one-bedroom and 104 two-bedroom units)
- 47 two-storey, three-bedroom townhouses
All homes come with 8 ft 11 inch ceiling heights with select 6th floor homes having vaulting up to 13 ft 7 inch, a fully integrated Fulgor Milano appliance package, heating and air conditioning provided by an electrically powered Variable Refrigerant Flow (VRF) System, and a choice of light or dark colour schemes.
Design and Quality:
- Scandinavian-inspired, West Coast style architecture by Acton Ostry Architects.
- Interiors by award-winning designer Cristina Oberti.
- Durable and sustainable concrete construction.
- Imported Italian cabinetry by Armony Cucine.
- Custom roller blinds for privacy and natural light.
- Eco-friendly heating and air conditioning system.
Bathrooms:
- Sleek side-by-side sinks.
- Spacious walk-in showers with matte-black fixtures.
- Timeless tiled feature walls.
Shared Spaces
Umbra includes communal spaces designed for social interaction and community building:
- A spacious playroom for children.
- A social lounge ideal for hosting events and gatherings.
- Ample green space and trail networks encourage outdoor activities and neighborly connections.
What are the Price Ranges?
Currently the starting prices (as of June 2024) are as follows:
RESIDENCES
1 + Flex from $639,900
2 Bed from $799,900
2 Bed + Flex from $829,900
2 Bed + Flex + Den from $912,900
2 Bed + Flex + Rooftop from $1,127,900
TOWNHOMES:
3 Bed from $1,139,900
What are the Maintenance Fees?
Maintenance Fees are estimated at $0.57/sf.
Is Parking & Storage Included?
1 Parking Stall, 1 Storage Locker, and 1 Bike Storage are included.
What is the Deposit Structure?
The deposit structure is currently 10%.
First Deposit - 5% upon contract writing
Second Deposit - 5% in 6 months
Are Assignments Allowed?
Yes, assignments are allowed with the consent of the developer. The assignment fee is 2%.
Who is the Developer?
Edgar Development, based in Vancouver, is a leading real estate company known for its innovative and community-focused projects. Established with a vision to enhance urban living, the company specializes in large-scale urban developments, transforming underutilized areas into vibrant communities. They prioritize sustainability, incorporating green building practices and extensive green spaces in their projects. Edgar Development collaborates with top architects and designers to ensure high-quality, functional, and aesthetically pleasing buildings. A notable project, Portwood in Port Moody, spans 23.7 acres and includes over 2,000 housing units, green spaces, and various amenities, exemplifying their commitment to sustainable, community-oriented development.
The company's mission is to deliver exceptional real estate developments that positively impact communities. They engage with local residents and stakeholders to align their projects with community goals and urban planning guidelines. Edgar Development's diverse portfolio includes residential towers, mixed-use complexes, and commercial properties across major Canadian cities. Their future plans involve exploring new opportunities in sustainable building practices and smart city technologies, aiming to set new industry standards. Edgar Development's dedication to quality, sustainability, and community engagement positions them as a significant contributor to the urban landscape in Canada.
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