TELUS Living Launches Groundbreaking Development in Point Grey
TELUS Living is on a mission to bridge the housing gap through smart, sustainable, and community-focused developments. The company has recently kicked off the construction of a significant project that aims to reshape a vital area in Vancouver.
55-Unit Development Details
The new TELUS Living development, located at 2608 Tolmie Street, is set to transform the site of a former telephone exchange into a vibrant mixed-use building. This project will feature 55 purpose-built rental units along with four retail spaces, addressing the mounting housing needs within the community.
Supporting Communities Across British Columbia
This Point Grey development represents just one aspect of TELUS Living's wider commitment to enhancing housing opportunities in British Columbia. The company is simultaneously constructing two additional buildings in Nanaimo and Sechelt, aiming to provide a total of 254 rental homes by early 2026. Furthermore, TELUS has plans for 18 more properties, potentially adding over 3,000 homes in the province over the next six years. There are also intentions to extend this initiative into Alberta and Quebec.
Community Impact and Housing Needs
“We are thrilled to break ground on this transformative project as it showcases what can be achieved with collaboration between all levels of government and the private sector to fulfill housing needs,” stated Manasweeta Bhatia, Vice President of Real Estate and Business Continuity at TELUS. The development is strategically positioned near key facilities, including the University of British Columbia, allowing it to cater to a diverse range of residents, from students to established families looking to downsize without leaving the community they cherish.
Project Highlights
This project is packed with impressive features:
- Mixed-use space: A six-storey building containing 55 rental units and four retail spaces.
- Diverse living options: A variety of unit types, including studio, one-bedroom, and two-bedroom configurations.
- Smart technology integration: All homes will be equipped with TELUS’ PureFibre network, enhancing connectivity for smart devices.
- Eco-friendly design: The development emphasizes high energy efficiency to minimize environmental impact.
- Easy transport access: Located near transit and cycling routes, featuring one level of underground parking.
- Community amenities: Includes co-working spaces, social lounges, bike storage, and pet-friendly areas.
About TELUS and Its Mission
This groundbreaking is a crucial step in TELUS Living’s overarching mission to convert existing real estate assets into rental properties that address housing shortages. With a focus on smart, sustainable development, TELUS is redefining spaces once used for telecommunications into homes where communities can flourish. The company's efforts extend beyond housing, as TELUS aims to leverage its technology to create positive societal impacts.
Contact Information
For more details, media inquiries can be directed to:
Sacha Gudmundsson
TELUS Media Relations
sacha.gudmundsson@telus.com
Frequently Asked Questions
What is TELUS Living's latest project?
TELUS Living is launching a new development in Vancouver's Point Grey, which will consist of 55 rental units and retail spaces.
How does this project address housing needs?
The development aims to provide affordable living options by offering purpose-built rental units to the community.
What type of units will be available?
Units will include a mix of studios, one-bedroom, and two-bedroom apartments to accommodate various lifestyles from students to families.
What technology will be integrated into the new homes?
The development will feature smart home technology powered by TELUS’ PureFibre network, enhancing connectivity and smart living.
Where is TELUS expanding its housing initiatives?
Besides Vancouver, TELUS plans to develop properties in Nanaimo, Sechelt, Alberta, and Quebec, contributing thousands of new homes over the next several years.
