Annette Thomas : The Beasley - 399 Smithe St / 888 Homer Street

The Beasley - a $150-million, 33-storey, 211-unit condo tower is named after former City of Vancouver planner Larry Beasley.

The Edwardian landmark "The Homer" will be painstakingly restored with the tower a sleek modern counterpoint rising above it. Ranging from one-bedroom suites of 575 to 690 square feet to four levels of elegant penthouses and subpenthouses boasting up to 1,200 square feet of luxurious living with only three homes per floor

Located on Homer Street between Smithe and Robson.

399 Smythe Street and 888 Homer Street (anticipated addresses)

Prices start at $395,000 for a 552 Sq.ft. one bedroom without parking. Only Plan H has parking as an option. All other units have at least one parking space. With parking starts at $439,900. 769 Sq.ft. Two Bedrooms start at $608,900.

March 2009 Update:

Condo developer slashing prices for pre-sale buyers

A Vancouver developer will be the first in the city to offer significant discounts to both pre-sale buyers and new buyers in a downtown condo it is building.

Amacon announced in a news conference Tuesday it will be offering a minimum 22 per cent, or $100,000 to $250,000 discounts, on its Beasley development in Yaletown.

Original buyers will be able to refinance their homes at the newly discounted rates.

Dubbed the "Pass it on Campaign," the initiative was the result of Amacon's months-long negotiation with contractors, suppliers and tradespeople for cheaper construction rates.

"We are in a very different market than a year ago," said Cameron McNeill, president of MAC Marketing Solutions, which is marketing the project. "When we negotiated our construction costs and realized the savings we made, we were happy to pass on that savings to our purchasers."

Sale of the remaining condos begins on April 4 and will feature units that range in area from 436 to 1,334 square feet. The building will be ready for occupancy in 2012.

The Beasley project in downtown Vancouver offers discount to buyers

Vancouver Sun - March 17, 2009

An artist's rendering of the Beasley, at the northeast corner of Homer and Smithe in downtown Vancouver. Photograph by: Vancouver Sun files, .Amacon, the Vancouver developer building The Beasley project downtown, is the latest builder offering discounts to buyers.

Prices are being cut by a minimum of 22 per cent because of reduced construction costs.
Amacon senior vice-president Bob Cabral said the company is cutting prices by a minimum of 22 per cent, from $100,000 to over $250,000 per unit, because of reduced construction costs.

"We are in a very different market than a year ago; when we negotiated our construction costs and realized the savings we made, we were happy to pass on that savings," Cabral said.

Cabral added that Amacon views this sale as a unique case that won't necessarily influence the overall market.

Cameron McNeil, president of MAC Marketing Solutions, which is handling the sales of Amacom's remaining units in the Beasley, said there are too few apartments left and such limited supply of units in development he doesn't believe the reductions will set any new benchmarks for downtown pricing.

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