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Fair Haven Homes Society Provides Seniors with Affordable Rental Housing

Case Study  Fare Haven  Article Hero  1536x1040

OUR ROLE
Fair Haven Homes Society recently completed pursuing the redevelopment of its two sites in order to offer affordable rental housing options for seniors. As Development Manager, CIC managed the pre-application development planning process by establishing the design vision, coordinating sub-consultants, securing financing from BC Housing, conducting public consultation, and securing Rezoning, Development Permits, and Building Permits in both municipalities. CIC successfully completed the construction and leasing of the buildings, which were completed within budget. CIC has successfully de-risked the Burnaby site to provided 100% of the units at below market rental rates prior to the completion of the building and is in the process of achieving the same level of affordability with the Vancouver site. The Burnaby site opened in late December 2018 and the Vancouver site opened in early 2020.

SERVICES
Colliers provided the following services:

  • Conducted multiple detailed project feasibility analyses
  • Developed financial models for evaluating economic viability and sustainability
  • Oversaw and managed municipal approvals
  • Assembled and coordinated a team of sub-consultants
  • Provided schedule and budget management and stakeholder communications
 

For More Information, Please Contact:

Jaraad Marani

Vice President, Development Advisory

Vancouver

Jaraad leads the Colliers’ Development Advisory business for Western Canada with a team of 12  staff. He is responsible for all aspects of the business including oversight of the 10 redevelopment projects that are currently under approvals or construction.  Jaraad joined Colliers’ Strategy & Consulting Group in 2015. He has previous experience in urban planning, market research, public policy, real estate strategy, construciton & development work and organizational  capacity building. Jaraad has completed rezoning, construction and occupancy  of 7 various  residential, mixed-use, and commercial projects. His most notable projects include management of the redevelopment of the Vancouver Masonic Centre in Vancouver, which now stands as a 16-storey tower with 150 units of residential and 40,000 sf of commercial space, and the redevelopment of the Canadian Cancer Society’s Centre for Cancer Prevention. Jaraad also oversaw the joint venture redevelopment of Ashley Mar Housing Co-operative with Intracorp Homes and Oxford Properties. That completed rezoning will see the creation of 650 units of housing in Vancouver. 

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