Full Steam Ahead For Vancouver Waterfront Project
ByGramor Development Inc. has secured a $42.5 million construction loan to build the next phase of the $1.5 billion Waterfront Vancouver development on the Columbia River in Vancouver, Wash.
“This project has been in the works for about 12 years. Because of the size, scope and infrastructure that had to be created prior to the development moving forward, it took some time,” Barry Cain, Gramor’s president, told Commercial Property Executive. “This is south-facing Waterfront property anchored by a park that has been designed by World renown artists and architects. Residents, patrons and employees within The Waterfront will enjoy proximity to downtown Vancouver, the airport the train station and easy access to freeways and arterials.”
The loan is with U.S. Bank, and the money is aimed at construction of Block 6 Office and Block 6 Residential of the 20-block mixed-use development…
