Terraces at the Peak 177 homes in a 13-storey tower at 8940 University Crescent Burnaby by Intergulf Development Group

Thursday, September 28th, 2017

Small touches make for a big impact at Terraces at the Peak

Mary Frances Hill
The Province

Terraces at the Peak

Where: 8940 University Crescent, Burnaby

What: 117 homes in a 13-storey condo building

Developer and builder: Intergulf Development Group

Residence sizes and prices: Remaining homes are sub-penthouse and penthouses, from 1,140 — 1,345 sq. ft., starting at $1,059,900

Sales centre: 8940 University Crescent, Burnaby

Hours: noon — 5 p.m., Sat — Thurs

After Intergulf Development Group made its mark on Burnaby Mountain with two residential towers in 2004 and another in 2016, it would have been easy for the developer to maintain its status merely by mimicking the successful design of its first buildings with Terraces at the Peak, Intergulf’s new tower in the UniverCity community.

But the developer, along with interior designer Ian Wong, decided to focus on little things that could make a difference to buyers.
“We always like to have a special feature unique to each project,” says Ian Wong, principal of Lot30 Design. In this case, Intergulf and Wong focused on providing plenty of decorative storage and planning an efficient layout, to help homeowners take advantage of every bit of space.

 “We found at Terraces, for example, that homeowners love the shower niche,” he says, referring to the vignette display of the homes in the sales centre. “It may seem small, but [as far as] how people live, it was important for us to consider every detail.”

Those little details mean a lot to Shaadi Faris, Intergulf’s vice-president, who notes the smaller touches, like those niches and the level of decorative open shelving that sits just below the upper kitchen cabinetry.

 “There’s plenty of cabinet space for those items you want tucked away, but also beautiful display shelves for those kitchen gadgets you just want to show off.”

Wong also emphasizes the durability of the finishes. Resilient materials, he notes, “will ensure new home finishes will work with any décor buyers bring into the space and it will last over time.”

Terraces at the Peak will join Intergulf’s Novo 1, Novo 2 and The Peak developments, at Simon Fraser University’s UniverCity master-planned community on Burnaby Mountain. Terraces will stand at one of the highest points of land in Metro Vancouver. The community attracts downsizers from Burnaby and surrounding cities, and buyers with ties to SFU.

Many of the lower-priced homes at Terraces at the Peak were sold quickly; in fact, 80 per cent of the homes are now sold. Faris credits buyers’ recognition that they’re getting spacious homes for relatively lower prices, compared to surrounding areas of Coquitlam and Burnaby, for instance.

The developer can pass on value, thanks to its longstanding relationships with suppliers and partners, he add. “[They all] informed our decision-making throughout the process, from land acquisition to trusted suppliers who provide the highest quality materials at the best prices, allowing [us] to pass on the value to customers.”

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