Bosa Development acquires Dockside Green
Bosa shares vision for the community, commits to exceeding high standards
Oct 10, 2017, Victoria, B.C. – Dockside Green Ltd., a subsidiary of Vancity, and Bosa Development today jointly announced the sale of Dockside Green to Bosa, a leading real estate developer and owners of the recently renovated Empress Hotel. The agreement will take effect December 15, 2017, and means Victoria’s largest master-planned community can be completed by a like-minded developer with more than five decades of experience and a proven commitment to the local community.
“Dockside Green is an award-winning project that’s led the way in building a dynamic and sustainable local community,” says Ryan Bosa, president of Bosa Development. “We love what has been created and we feel honoured to be playing a part in helping to write the next chapter.”
The mixed-use residential and commercial real estate development in Victoria began more than a decade ago with the vision of transforming 15-acres of former industrial land into a socially vibrant, ecologically restorative and economically sound neighbourhood.
“We’re thrilled and very excited to have found an organization that shares our vision for the community,” says Dockside Green Ltd. president Norm Shearing. “Bosa has what it takes to build on this, and to let Dockside Green fulfill its true potential.”
Vancity worked closely with Bosa throughout the negotiations and strongly believes they have the expertise to complete Dockside Green. The agreement ensures Bosa will build the project to Dockside’s LEED-ND (leadership in energy and environmental design – neighbourhood development) Platinum standards and deliver a wide range of public amenities, including greenways, a dog park, a children’s playground and a new central park. Bosa is anticipating the construction of new buildings on the site as early as the summer of 2018.
“We’re eager to move ahead with the creation of an inclusive, vibrant and walkable neighbourhood where people and local businesses thrive,” says Ryan Bosa. “We understand the importance of this project and look forward to collaborating with Dockside residents and our neighbours at the shipyard.”
Additional information
Backgrounder: Dockside Green and Vancity
For more information:
Vancity and Dockside Green
Brent Shearer
T: 778-837-0394
mediarelations@vancity.com
Bosa Development
Rob Marchand
VP, Sales & Marketing
604-294-0666
www.thinkbosa.com
About Dockside Green
Dockside Green is a mixed-use residential and commercial real estate development in Victoria, British Columbia. The community sits on 15 acres of former industrial land that is being transformed into one of the most innovative green developments in North America. Once completed, it will include 26 buildings totaling 1.3 million square feet, and be home to about 2,500 people in three neighbourhoods.
About Bosa Development
Building on more than half a century of expertise and leadership, we strive to exceed expectations with every home we build and project we undertake. We are bold, forward-looking, and committed to acting with integrity. We pursue urban design excellence and are long-term investors in the communities we build.
We have a distinct approach to development. We focus on placemaking based on where cities are in their growth cycle, crafting communities that respond to how people really live. We design connected communities that promote friendly, social opportunities and interactions among neighbours.
We endeavor to turn big ideas into reality through meticulous planning and construction processes that result in creative, dynamic and well-rounded neighbourhoods. Our communities have become coveted destinations, hotspots for culture, cuisine, socializing and scenery. We aim to exceed expectations in everything we do—from our architecturally stunning designs to our complete, connected communities—and we always place livability at the core.
Under the leadership of Ryan Bosa, the company is expanding its pioneering approach to development with smart design. In his words, “We have evolved from project builders to city builders, and with that comes a greater responsibility. We pride ourselves on the homes and projects we develop, but we have to think bigger – building sustainable, pedestrian-centric communities that seamlessly integrate public spaces, retail, office and residences. Homes integrated with parks, coffee shops, outdoor plazas, grocery – this is what makes urban living unique and guides our approach to design.”
About Vancity
Vancity is a values-based financial co-operative serving the needs of its more than 523,000 member-owners and their communities in the Coast Salish and Kwakwaka’wakw territories, with 59 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay. With $25.6 billion in assets plus assets under administration, Vancity is Canada’s largest community credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable.