First Brentwood Tower's 247 units sells out in under 5 hours, buyers camp out for 3 days (PHOTOS)
Within hours of going on sale Saturday, June 21 the first tower at Brentwood Mall sold out all 247 of its units.
Marketed by the “condo king” Bob Rennie, so much interest had been garnered by the tower that advertisements for the sale were pulled two weeks prior to the sale date.
The demand was large enough that camping out for a spot in one of the tower suites began on Wednesday. Eventually, a large enough queue had formed to prompt doors to open an hour early at 11 a.m. on Saturday morning.
By 3:30 p.m. all suites — ranging from $299,000 to $949,000 — had been snapped up.
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The mega sell-out is encouraging for development company Shape Properties as the 53-storey tower is only the first in a line of 10 planned to be built over the next 20 years as part of the 28-acre Brentwood mall redevelopment. New retail space for the existing shopping centre will also be built down the line.
Special VIP cards were issued to those who missed out on a suite in the first tower, allowing access for first dibs on units in the proposed second tower. Currently, the second tower is undergoing Burnaby City Hall’s rezoning process and, if approved, will go on sale in the fall.
Featured Image: Shape Properties