Sen̓áḵw penthouse pulled after premature price reveal
The four-bedroom unit listed at $12,500 was accidentally released from a staging environment; most units in the new Kitsilano development rent for far less.
The day's top stories, food & events — every morning at 7. Unsubscribe anytime.
The high-end penthouse listing at Sen̓áḵw rental development in Kitsilano is no longer available after being prematurely published online.
A four-bedroom unit had been advertised at $12,500 per month, along with two three-bedroom units at $9,500 each. But on June 24, the information appeared in a staging environment before an official release. By June 26, the development's team said the four-bedroom was "no longer available."
Jen Podmore Russell, the chief development officer for the publicly-financed development on Squamish First Nation land, told Business in Vancouver the early posting was unintended. "It was in the staging environment; it wasn't that it was taken down," she explained.
Those premium prices represent a tiny fraction of Tower One's 333 units. Studios begin at $1,735 per month; one-bedroom units at $2,365; two-bedroom units at $3,815. The tower holds 107 studios, 153 one-bedroom units, and 70 two-bedroom units.
Russell said the company prices units to match real-time market rental rates for new Vancouver condominiums, including those with top-floor views. "We have and always will price to the market," she said.
Since opening June 1, the development has signed its 100th lease. Two more towers are set to open this fall with 1,409 combined units. One in five units across the full development are reserved as below-market rentals for Squamish Nation members and others with Indigenous status.