Malcolm Parry
Sun
Marika Palmer and husband Frank made a twice-yearly home buy in False Creek’s The Erickson tower.
ARTHUR ERICKSON, the iconic architect, and Concord Pacific development firm chief Terry Hui launched what may be our town’s costliest concentration of residences Thursday. To be called The Erickson, the project continues the twisty-tower theme the architect devised to rescue Simon Lim’s proposed Georgia-off-Bute project from a permit logjam at city hall.
The Erickson’s townhouses-and-tower units run from $2.5 million to $7 million. In a limited sale in November, the closing deal was inked in at $1,837 per square foot. That bar may be raised when sales begin again next month.
Occupancy is expected in 2008, although Concord Pacific’s adjoining King’s Landing came in a year late.
Early residents at the latter Dec. 1 were ad-agency biggie Frank Palmer and wife Marika. Following their 13-year practice of buying and selling two homes yearly, they had already chosen a pad in The Erickson. They will list the King’s Landing unit for sale this summer.
And live where?
“We go to the Terminal City Club,” Ms. Palmer said. “Maid service, a concierge, valet, three restaurants, security beyond belief — the style of living Frank and I would ultimately like to have.”
Regarding the condos, “For investment purposes, they are fabulous,” she said. Should the Palmers hanker for single residency, they do own a house — on the old Desi Arnaz-Lucille Ball spread in Palm Springs.
© The Vancouver Sun 2006