High-end real estate firm Cascade Sotheby’s International Realty is opening an office at Vancouver’s downtown waterfront.
Thursday’s announcement marks the fifth tenant at the private waterfront development fronted by Gramor Development, which is investing $1.5 billion in the project.
Cascade Sotheby’s will take up 1,500 square feet on the ground floor of Block 6, which is part of the project’s first residential and retail building to go up. The office will be part of what Gramor is calling The Shops on Waterfront Way, a concentration of retail below five floors of apartments.
“We’ve envisioned The Shops as the focal point for the entire development as a showplace for the whole waterfront community, to feature upscale retailers, shopping and eateries in a new urban district for the 2.5 million metro-area residents,” said Barry Cain, president of Tualatin, Ore.-based Gramor Development.