SOVEREIGN TOWER - Metrotown, Burnaby - Bosa unveils its landmark project at Realtor Event - February 8, 2011

We had the pleasure of attending the unveiling of Bosa Properties landmark project tonight in Metrotown. The SOVEREIGN, soon to be constructed at 4509 Kingsway, can be expected to dominate the Burnaby skyline and offer a prestigious residence for those looking for an alternative to Vancouver's over-regulated downtown core. The first true skyscraper in Burnaby, the SOVEREIGN will mate an ultramodern hotel (167 rooms) to 25 floors of premium condos. Bosa Sales Manager, Jean Openshaw is to be congratulated for hosting an highly effective event. The Realtors I spoke with on the floor are convinced that the residential portion of the tower will sell out in a single day. Bosa is to be further congratulated for the open and fair manner in which this project is being marketed. There will be a total of three "opens," (no pre-selling) and no Offers will be accepted until February 19th. In addition, only one apartment will be sold per client. Offers will be received on a first-come, first-served basis, and security will be on hand to ensure that aggressive Buyers do not rush the door.

The first Realtor-Open for SOVEREIGN, 4509 Kingsway, was held on February 8. These door crashers are evidence of the heightened interest in this landmark project.

Ms. Jean Openshaw is the Sales Manager for the SOVEREIGN tower, at 4509 Kingsway. She has been very open and helpful, assisting in my preparation of two other articles on SOVEREIGN for the Runagates Club blog. I do thank her for that kindness.

The scale model for the SOVEREIGN tower seemed to draw even more interest than the display suites. At 511.4 feet it will be Burnaby's first true skyscraper. I was told that Bosa plans to begin excavation in three months time.

I had the pleasure of chatting with Daryll Simpson, one of the dozen Sales staff Bosa had on hand this evening. Mr. Simpson filled me in on a subject which has been of concern. Could Bosa find a hotel chain of sufficient credibility to match this prestigious project? It could...in New York. Bosa Properties is getting into the hotel business! The Burnaby-based developer will maintain ownership of the new hotel, and is already busy designing its 167 rooms. The name of the chain will be announced in two weeks time. The franchise agreement and further details are yet go under the pen. Mr. Simpson says that Burnaby residents will be pleasantly surprised when they learn which brand-name is coming to town.

Another of my concerns was how the developer and City of Burnaby planners would handle the incredibly high volume of traffic in and out of the SOVEREIGN tower. Simpson had the answer, which is confirmed by my photographs of the scale model, at ground level. All traffic flow around the building will be clockwise - all right turns. Vehicle access to Hotel parking and Retail parking will be confined to a single ramp on Willingdon Avenue.

In keeping with the landmark status of the SOVEREIGN, the tower designer- Chris Dikeakos Architects Inc, have conceived a very dramatic residential entrance coming off of Hazel Street. (corrected) The very wide and open ramp shows up well in these photos of the scale model.

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