Wesgroup Scraps Condo Project in Vancouver’s River District

Wesgroup Scraps Condo Project in Vancouver’s River District
News| September 29, 2025| Monte Stewart
Canada + Apartment Buildings

Wesgroup Properties has scrapped its 204-home Ardea condominium project in Vancouver’s River District.

The local investor and developer told Postmedia that the project is “no longer viable” due to “higher-than-expected construction and delivery costs.” Construction has already begun and an unspecified number of units have been presold.

The River District is a large community that sits on a former lumber-mill site along the Fraser River in southeast Vancouver.

Wesgroup says it is proceed with its Harlin condo project in the neighbourhood.

Pictured: Wesgroup’s scrapped Ardea project in southeast Vancouver.

Rendering: Wesgroup

Other News

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more

MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

Boston & New England + Apartment Buildings

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

Learn more

Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

Seattle & Northwest + Apartment Buildings

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

Learn more
New call-to-action

Brokers

View All

Lenders

View All