Charleston Place Update

Rendering of Charleston Place

Last year, I posted about Charleston Place, a 15-storey, mixed-use building that has been approved for construction at the corner of 203rd Street & Industrial Avenue in the City of Langley. Since the project was approved by the City last year, I’ve chatted with many people in the community who have questioned if this sort of building makes financial sense in the City of Langley.

Because this will be the tallest building in either Langley, it will use concrete construction which costs more than wood-frame construction. Some developers I’ve talked to don’t believe the numbers make sense for this project, and wonder if the Charleston Place backers will be able to get the price per unit needed to make a profit on the building. Langley City is a great community and is also one of the few affordable places left in Metro Vancouver.

Either way, I’m excited about a new mixed-use building coming to Langley. I’ve noticed that a sales office is opening up near the project and that a website has been launched. If you check out the website, they are marketing the leasing of the five ground-floor retail units and the first three floors of office space. In total, there will be six floors of office space. It looks like they haven’t started the marketing for what will likely be premium-priced residential units on the top floors of the building.

I’ll be following this project closely and will be curious when it breaks ground. The next step will be the demolition of the existing building on the property which was a night club.