The City of New Westminster has overcome development funding issues for one of the largest projects it has ever undertaken, turning it into a win-win at Anvil Centre and Merchant Square.
About two years ago, Vancity Buzz covered a story surrounding the development of Merchant Square and Anvil Centre project in downtown New Westminster. The original developer pulled out on the funding of the construction, leaving the City to foot the bill of approximately $100 million on themselves.
New Westminster City Council knew that the project would help redeem the livelihood of the downtown core. In early March, 2014 the City sold Merchant Square office tower for $36.5 million. The office tower sits atop Anvil Centre which will remain a civic facility that includes:
Designed by Hughes Condon Marler Architects (HCMA), this signature gateway building will help cultivate rich cultural and arts future for the City. Anvil Centre and Merchant Square is being completed in association with MCM Interiors.
Anvil Centre, located at 777 Columbia Street, is holding a grand opening on Sunday, September 14, 2014. Performers and performing arts groups living in or connected to New Westminster are invited to submit proposals to perform during the Opening Day Celebration at the Anvil Centre.
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Featured Image: City of New Westminster