Millennium Water project does $200 million in sales on 1st day

HOUSE BUY YOU

Malcolm Parry
Sun

Folk camped on the Cook Street sidewalk for up to five nights this week to spend an average of $915 a square foot on South False Creek condominiums they can't occupy until 2011. By Thursday night, they'd committed $200 million to acquire 241 of the 302 units in the Millennium Water project's first offering.

It was a big day for star condo marketer Bob Rennie, whose staff recorded deals on an ultra-sustainable project that will put 1,100 residential units -- 400 of them affordable-housing and market-rental -- on its 11-hectare site.

But it wasn't Rennie's biggest opening day. That was the $240-million buying frenzy for the Woodward's redevelopment that also attracted a longer-lasting line of sidewalk campers -- not to buy in but to make their case for the homeless.