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Redeveloping to Offer Affordable Housing Options

Case Study  Masonic Centre  Article Hero  1536x1040
OUR ROLE

The Grand Lodge of British Columbia and Yukon’s (Freemasons) Vancouver Masonic Centre is located in an area that sees strong demand for rental and affordable ownership housing. As a result, the Freemasons are redeveloping the site to offer affordable housing options and have engaged Colliers as development managers for the project. Colliers has undertaken management of the pre-application development planning process by developing design specifications and coordinating sub-consultant applications, BC Housing financing, rezoning and development permits. Our team is currently responsible for managing the construction phase of the development.

SERVICES

To date, Colliers has provided the following services:

  • Identified requirements, challenges, and opportunities via highest & best use studies
  • Conducted detailed project feasibility analysis to inform development decisions
  • Developed financial models to determine project viability
  • Established financing from BC Housing and utilized the City of Vancouver’s Rental 100 and Social Housing programs
  • Prepared community engagement strategies
  • Assembled and coordinated the sub-consultants / design team
  • Administered development applications, reports and permitting to successfully obtain planning and construction approvals    
  • Tendered project / negotiated with a selected list of contractors
  • Managed all construction-related activities
  • Strictly managed project budgets and schedule and provided accounting services

For More Information, Please Contact:

Justen Harcourt

Senior Vice President, Consulting

Vancouver

In 2006, Justen joined Colliers as an Analyst with the Unique Properties Brokerage Group.  Over the course of two years with Unique Properties he was involved in the underwriting over $200 million worth of transactions ranging from Marinas and Ski Hills to Islands and Timber Portfolios.

In 2007, Justen joined Colliers Consulting as a Planning Consultant.  He currently specializes in providing Advisory, Valuation and Strategic Planning services on behalf of Institutional Clients, Developers as well as Government.

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Jaraad Marani

Associate Vice President, Development

Vancouver

Jaraad joined the Consulting team in 2015 with a background in retail development.  He has a Masters of Urban Planning from the University of British Columbia.  Jaraad has a strong background working with municipalities, NGO's, non-profits, and private companies around achieving land use decisions that are mutually beneficial to all parties involved.  Jaraad's current role is as a Development Manager, working with both the United Church Housing Society and the Vancouver Freemasons on managing the redevelopment process of their respective properties.   

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David Bowden

Vice Chairman, Head of Strategy & Consulting Group

Vancouver

With more than 40 years of experience in the commercial real estate industry, including serving as CEO I Canada at Colliers International for 14 years, David assumed the role of Vice Chairman and Head of Strategy and Consulting I Canada on March 31, 2020. In this role, David integrates Colliers’ existing consulting practices into a national Real Estate Strategy & Consulting entity, building on operations to deliver the best real estate solutions for investors, institutions and corporate clients with significant real estate assets and portfolios.

David is highly regarded for his deep connections and innovative business perspective, providing strategy and guidance on best practices in corporate leadership, change management and innovation.

David holds a Bachelor of Commerce in Urban Land Economics from the University of British Columbia and is a member of REALPAC. Consisting of fewer than 100 members, REALPAC is the national industry association dedicated to advancing the vitality of Canada’s real estate sector. 

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