After more than four decades, Cressey Development Group has thrived with projects that avoid a “cookie-cutter” format, Senior Project Manager Jay Young says. “We don’t have any two projects that are the same,” he explains. “We’ve managed to tap into what people want.”
The firm is bringing that formula to Cadence, a project that it is building and developing in Richmond, British Columbia. Cadence consists of two mixed-use towers that each will stand 15 and 16 stories. Together, the buildings will feature 245 living units and multiple shops, as well as a Steve Nash Fitness World & Sports Club, Young says.
“It’s also quite close to the [Vancouver International Airport] and the proximity to rapid transit is within walking distance, so it’s quite convenient for the people,” he says.
The scenic Fraser River is also nearby. “There’s quite a nice walkway on the river, which is situated next to the Richmond Olympic Oval,” Young continues. “We’re just well positioned for outdoor activities and recreation.”
Cadence, like all Cressey developments, will feature spectacular kitchens. “They’re more the scale of what you would see in a house than a condo,” Young describes. “Other developers have been known to copy our famous CresseyKitchen™.”
The kitchens will feature fully built-in appliances, including wall-ovens and microwaves.
“Our dishwashers and double-wide refrigerators are integrated with wood panels that match the cabinetry,” Young says. “We’re very generous with the size and quality of the built-in appliances.”
The living units also will promote healthy living, he says. “We have heat recovery units in every suite as well as heat pumps for energy efficiency,” he says. “It’s a LEED Silver-equivalent building.”
Staying on Schedule
Cressey aims to finish the two towers in February 2017. So far, “one of the towers is up to the 15th floor and the other is at the sixth floor,” Young says.
Cressey has had to deal with some challenges due to the proximity of the river. When Cressey started building underground parking facilities, it had to dewater the 90,000 square foot site. “Managing the dewatering and placing the concrete foundation slab at the same time is a massive [task],” he admits. “You can only excavate so much material such that you can still manage the dewatering while extending the foundation as you go.”
The company also is accustomed to working in tight project sites surrounded by neighboring buildings, but it keeps safe, Young asserts.
“That’s essential, of paramount importance, not to mention that we’re right next door to the WorkSafeBC headquarters,” he jokes.
He praises the project’s full-time safety officers. “They’re constantly monitoring, doing inspections and keeping everybody on their toes, dedicated to safety,” Young says.
A Good Place
Young has worked for Cressey for 35 years. “The whole organization is a great place to work,” he says, noting that it manages to be tightly run and features the benefits of a family operated business. “We have many long-term quality employees and we focus on mentoring and encouraging our people to move up in the organization. One of the most rewarding aspects of my position is in mentoring younger employees.” He adds that the market in British Columbia keeps Cressey busy. “We’re into a real estate boom right now,” he says. “Everything seems pretty strong here and it looks like it’s going to be strong for some time.”
But with so many builders being busy, it can be difficult to find available subtrades, Young admits. However, on the Cadence project, the company has employed several that it has used before.
“We like to pick the best ones and try to work with those guys again,” he says. “We really have the top-tier contractors on our team.”
Cressey plans for growth, Young says. “We’re going to continue to expand as we have been for the last few years,” he says. “We also have quite a few products ready to launch. I expect we’re going to get busier as time goes on.”