We hope you had a wonderful summer and that you were able to enjoy some sunny days in Port Moody over the past few months. Our team on site has raved about the neighbourhood they’re getting to experience and we can’t wait for you to be able to call 50 Electronic Avenue home.
PHASE ONE
As you can see in the images below, Phase 1 framing is complete and the roof and deck membranes should be completed very soon. Inside, mechanical, electrical and plumbing rough-ins are continuing. We have started installing insulation and drywall so, parts of the building are starting to feel less like a construction site and more like homes. In the washrooms, bathtubs and shower pans have been installed and tiling has begun. Construction is at various stages throughout the building and is progressing from West to East and from the 6th floor down.
We’ve made some great progress on site but, it hasn’t been without challenges. Like all construction sites, we’ve been plagued with labour and supply issues caused by the COVID-19 pandemic. There have been delays in shipments of many materials – the most disruptive of which have been lumber and window (glass) shortages. Our capable team on site is working through these challenges and coming up with creative solutions wherever possible but at times, we are simply left waiting for the next delivery. We are currently assessing what the impact of this will be on our overall schedule and will send an amendment to the disclosure statement later this month to update you. We expect that Completion will occur in late Spring/early Summer 2022.
PHASE TWO
There has been some good news these past few months, we were lucky to have great weather as we excavated the Eastern half of the site. This was a welcome change! All shoring and excavation work for the entire development is now complete. We’re continuing to form the parkade and recently installed a third crane on site to assist with the completion of forming and framing.
The framing crew has transitioned from Phase 1 to Phase 2 and the first wing of Phase 2 is now framed up to the third floor. It’s exciting to see the 220 homes in Phase 2 start to take shape!
COMMERCIAL TENANTS
As you know, over the past few months we have started leasing the commercial spaces that are located on the ground floor of Phase 1. We are thrilled with the mix of tenants that have chosen 50 Electronic Avenue and know that you’ll love them too! We are still finalizing some of the leases but, we’ll be sharing more information about your new neighbours later this year.
