THE SOVEREIGN - Burnaby's first Skyscraper

This is the latest artists rendering of THE SOVEREIGN, under development by BOSA Properties. I think you will agree that it is very handsome design. The architectural pundits are describing this tower as the first true skyscraper in Burnaby, and it will certainly be the first to alter the skyline along the Metrotown ridge. THE SOVEREIGN will definitely tower over all other highrise structures along the Kingsway commercial corridor. Sales next month will be watched very closely by other developers who have projects in the proposal stage.

We have now learned where the Sales Centre is going in. I had been misled by City of Burnaby online records which give the tower location, 4509 Kingsway, as the site for a prefab presentation centre. Not true. I have every intention of purchasing a condo in this landmark building so I will take photographs of the architects model and other interesting details, and provide them in a future Blog.

In the Metrotown Skytrain Station a BOSA display ad has appeared for THE SOVEREIGN. The sales pitch is "SEE AND BE SEEN". Appropriate I think, for strata residences in Burnaby's first true skyscraper. (Photo submitted by Jeff Fan)

It is just as well that friendly BOSA staff NOT invite the curious to meet with them at the corner of Kingsway and Willingdon. That is the location of one of I.C.B.C.'s busiest red light cameras. It is a huge moneymaker! Last month I saw the camera fire at three cars in secession while I waited to proceed at the intersection. $ $ $ (For the information of foreign guests to The Runagates Club Blog, here in British Columbia a government monopoly controls automobile insurance. The government of B.C. made an election promise to get rid of the surveillance cameras at traffic intersections, and then reneged on that promise by handing that lucrative surveillance and trsaffic law enforcement authority over to the insurance corporation.) Below is the updated 2011 list for I.C.B.C. "real time" Laser Cameras in the City of Burnaby, B.C.

A news report on RCMP (Burnaby) - ICBC joint enforcement is here.

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BURNABY'S NEW PROPERTY MILLIONAIRES

One of the local newspapers, the Burnaby NEWS LEADER, offered an interesting take on the release of current Property Assessment values. The number of homes valued at a million dollars plus, doubled from 2,248 one year ago to 5,114 today. A few of the new property millionaires may be fretting over higher municipal taxes to come, but Rudy Nielsen, President of LANDCOR Data Corporation urges them to be positive. "Get on your hands and knees and kiss the ground for the fact you live in British Columbia," he suggested. Reporter Jeff Nagel's article is here: Real Estate Rebound makes more Property Millionaires

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