Chard Development Completing Sixth Victoria Residential Development; Prepares to Launch Eighth

Victoria, BC – Chard Development is pleased to announce the pending completion of its sixth condominium development in Victoria. Located at 838 Broughton Street, the 10-storey Escher includes 82 condominium suites and a single ground floor commercial unit. Escher is set to welcome homeowners beginning this March and, with the exception of a single penthouse suite, is completely sold out.

“Our commitment to building downtown Victoria has spanned more than a decade,” said David Chard, President & CEO. “Escher is the sixth and most recent example of that commitment, and we are thrilled to be putting the finishing touches on this latest achievement.”

Since the introduction of its first residential development – completed in 2006 – Chard has worked hard to establish a reputation worthy of Victorian’s trust.

“While the suites at Escher have sold to a diverse group of buyers, almost 10% have gone to repeat Chard purchasers and once again the majority of our buyers are Victorians,” said David Chard. “It’s extremely gratifying to see Victoria buyers putting their trust in Chard.”

As the finishing touches are being put on Escher, Chard is also working to prepare for the launch of the company’s next downtown condominium development located on the 800-block of Yates.

“My family has always believed in the long-term value and unique lifestyle offered by downtown Victoria,” said Byron Chard, the company’s Chief Financial and Acquisitions Officer and the next generation of the Chard family to commit to building the community. “At 20 storeys, The Yates on Yates is our largest undertaking to date. Plans for a second, 20-storey tower – which will share a two-storey podium with The Yates on Yates – are also currently underway.”

Offering a mix of one, two and three bedroom suites, Chard expects to begin project sales at The Yates on Yates this spring. A project sales centre is currently under construction within the retail space of The Sovereign, a completed Chard development located on the 600-block of Broughton.

Chard is also currently constructing a 209-suite purpose-built rental tower at 819 Yates – almost directly across the street from The Yates on Yates. To be sold to and operated by Realstar, 819 Yates is scheduled to complete in spring 2018.

 

For media inquiries contact: Heather Harley

Telephone: 604.558.7842

Email: heather@charddevelopment.com