HousingComma Properties: Rize's new rental division launches

Comma Properties: Rize’s new rental division launches

Related stories

The best regions to live in Canada

If you’re looking to move to Canada but unsure where’s best to live, this handy guide to the best regions to live in will help you.

Six single-family lots on West 41st to become 88 new homes

The development, known as The Bromley, will consist of two, four-storey wood frame buildings on West 41st Avenue and two townhouse blocks on the laneway, with a landscaped courtyard in between them.

Reliance adds hotel rooms to workforce housing tower in bid for city approval

The CEO of Reliance Properties continues to push the City of Vancouver to relax its policy prohibiting residential development in the CBD.

Vancouver retail vacancy rates hit ‘extreme lows’

Despite taking a battering during the height of the COVID-19 pandemic, Vancouver retail vacancies are at extreme lows according to a new report from Colliers International.

Office space planned atop former Hollywood North on Seymour Street

A mid-block heritage building on Seymour Street in downtown Vancouver, most recently known as the Hollywood North building, will be restored and redeveloped by Bene Group, with a design by Arno Matis Architecture.

Comma Properties is a new, rental-focused division from Vancouver-based developer Rize Alliance Properties.

It will focus on the development of new rental communities, many with ground-floor retail space.

Comma Properties’ first project is on Fraser Street in Vancouver, a six-storey purpose-built rental building that will be complete by 2023.

The developer is targeting the ground-floor retail units at independent and locally-owned businesses, as opposed to chain retailers. The development will have 104 residential units, including below-market housing. The architects are Yamamoto Architecture.

Comma Properties project on Fraser Street
Project on Fraser Street. Credit: Rize Alliance

“With Comma Properties we want to shift the perception of what rental housing can be in our cities,” says Benn Duffell, vice-president of development at Rize. “We are inspired to build communities where rental will no longer be seen as lesser than homeownership.”

The developer will also be active in Los Angeles, with a co-living rental project in development in Sawtelle Japantown.

“As a progressive city for renters, Los Angeles is home to a thriving co-living scene where social programming and shared living are at the core of its community,” says Duffell. “We have been inspired by other cities with strong rental cultures and this is informing our work in Vancouver.”

Other Comma Properties projects currently underway include:

A 392-unit, mixed-use residential and heritage revitalization project along King George Boulevard in Surrey, pictured below, designed by Stantec Architecture.

Comma Properties project on King George Blvd. in Surrey
Project on King George Blvd. in Surrey. Credit: Rize Alliance

The heritage planner is Donald Luxton and Associates, and construction is expected to start this fall. It will include 392 units including below-market rental and 35,000 square feet of commercial space.

Also in the works is a rental project in UniverCity village on the SFU campus in Burnaby, pictured below, designed by Leckie Studio. The design is said to be inspired by Arthur Erickson and will include 168 units of mixed rental and co-housing, as well as a pocket park.

Comma Properties project at SFU in Burnaby
Comma Properties project at SFU in Burnaby. Credit: Rize Alliance

Subscribe for the latest development news

Peter Meiszner
Peter Meisznerhttps://www.peterforvancouver.com/
📢 I am running for Vancouver City Council with A Better City (ABC) and Ken Sim! Visit peterforvancouver.com for more information.
Snaile Smart Parcel Lockers

Newsletter

Latest stories