Riverway – Adera’s Centre of Things to Come Launch and Preview of Phase II Coming September 28th

August 17, Vancouver, B.C.- Riverway is an innovative commercial development that combines the functionality of a business park with the convenience of a central location, half a block south of Marine Way and Byrne Road near the coming Marine Way Market.

“Just as Adera is known as an innovator in its residential home construction, we are now applying our creativity to this commercial venture,” explains Norm Couttie, VP of Development for Adera. “Riverway will feature an extensive array of optional interior design items from special ceilings to hardwood floors to brick walls. Just as with Adera home purchasers, Adera commercial customers can tailor their spaces and interior finishes to suit their own needs and desires. We believe this is a first for BC.”

Riverway sets a new standard for business in the Lower Mainland. Designed by award-winning architect John Hollifield, designer of Creekside Place in Chilliwack and Bridge Business Park in Burnaby, the landmark development is spread over seven acres and will be developed in two phases. Phase I features a 100,000 square feet multi-owner building overlooking Burnaby’s Riverway Golf Course. Strata warehouse and office use are now sold out.

Phase II consists of an additional 100,000 square feet multi-tenant space for lease fronting Bryne Road, directly across the street from the new Marine Way Market shopping center. The bays in Phase II, which start at 2,315 square feet, are zoned for office, light industrial and ancillary retail usage. Both buildings are contemporary in design and provide excellent parking.

As well as being ideally tailored to business use, Riverway offers a number of amenities within easy walking distance, including two shopping centres with a variety of retail outlets, both large and small. Adjacent to the development is the Riverway Golf Course, which offers world-class meeting and conference facilities.

The location in rapidly expanding South Burnaby is not only naturally beautiful, but central and easily accessible. Riverway is only 30 minutes from downtown Vancouver, and just 20 minutes from the United States border and the Vancouver International Airport.

Phase I office and warehouse spaces sold quickly. The on site launch of Phase II on September 28th, will feature a ribbon-cutting with the mayor, and will give prospective buyers a first look at the unit’s office and warehouse spaces.

“The ribbon cutting will open a display centre similar to those seen at major housing projects,” according to Couttie, “including a sales office and show suites.”

For over 35 years, Adera has been one of British Columbia’s leading real estate organizations, developing top quality commercial, industrial and residential projects throughout the Lower Mainland. Adera’s work has earned them over 100 awards, including Best Builder in 2004 and the Gold Georgie for customer service five times in the last eight years from the Canadian Homebuilder’s Association. Adera is also responsible for the award-winning Bridge Business Park in North Burnaby.

- 30 -

For further media information, please contact:
Patricia Dunn
Ph. 604-734-8749
Email: patricia@patriciadunn.com