The first Canadian Visa Express Resort is in Vancouver taking in the whole of Vancouver as its principal Visa Resort. Other Capital Cities in Canada shall follow. The Vancouver Visa Express Resort as set out below is an example Business Resort Development available in close proximity to, or in the Vancouver CBD, or its Waterways. The developments are a variety of projects having immediate access with any number of completion dates. Many of the projects offered are also ready to live-in as a fully furnished experience for the Partnership’s Limited Partners (Visa Members).
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Many of the luxury apartments or homes are negotiated by the Partnership with the developers to suit the immediate needs of its Visa Members in the Country of Choice. All as set out in the Partnership Agreement with Visa Members (the “30 day Free Agreement“).
Each apartment / home is purchased initially by the Partnership under a block purchase Agreement with the Developer / Vendor for the Visa Member to gain immediate access with a Non-Recourse Loan entered into with the Visa Member for five (5) Years.
At the end of the five (5) Year Term, the property Title is held in Escrow and transferred to the occupying Visa Member by way of a deferred mortgage free purchase; complete with Government approved Permanent Residency in accordance with the Partnership Agreement contracted with the Partnership.
The Title to the Property is legal as the Visa Member has made its contribution to the Country of Choice with the Investment made by the Partnership at the contracted time of the Entrepreneur World Visa Joint Venture was made using the Partnership’s Vancouver World Holdings Bank Branch or an other approved Joint Venture Business or Venture Company as (the “Qualified Investment”).
The Qualified Investment allows the Partnership to attest to the Canadian Government that the Partnership has an approved investment in Canada commencing through the initial Entrepreneur Joint Venture with the Partnership as the approved project for the Member’s Australian Permanent Government Visa (the “Government Visa”).
The Government Visa is the final Visa similar to the initial Entrepreneur Temporary Visa Class Temporary Visa to give immediate residency to the Temporary Visa Members, pending Permanent Visa. The initial Temporary Visa is provided at or around the time of taking occupancy in the new Apartment / Home selected by Visa Members, if not one of Partnership’s own Apartments for temporary living needs.
Visa Members may elect to purchase initially a “World Experience” Condo Ship Visa pending satisfying the Canadian Government for Language, Work Skills and waiting on the completion of any of the selected apartments below.
The 526′ “World Experience” Condo Ship
The Following Business Resort Vancouver, Canada is an example Business Resort Development area in the Map below. The development is not complete but shall be ready to live-in fully furnished for the Partnership’s Limited Partners (Visa Members) in stages. A block of luxury apartments shall be negotiated by the Partnership with the developers to suit the immediate needs of its Visa Members for this Country of Choice. All as set out in the Partnership Agreement with Visa Members.
Each unit is purchased initially by the Partnership under a block purchase Agreement with the Developer / Vendor for the Visa Member to gain immediate access with a Non-Recourse Loan entered into with the Visa Member for five (5) Years. At the end of the five (5) Year Term, the property Title is passed over to the occupying Visa Member by way of a deferred purchase, complete with Government approved Permanent Residency in accordance with the World Visa as contracted with the Partnership.
The Title to the Property shall be legal as the Visa Member would have made its contribution to the Vancouver WEP Bank Branch through the Partnership at the contracted time of the Entrepreneur World Visa Joint Venture with settlement of the Canadian Entrepreneur Visa clearance. This clearance shall allow an initial Entrepreneur Temporary Visa or an E2 Temporary Visa to give immediate residency to the Visa members at or around the time of taking occupancy in the new Home selected by Visa Members, if not utilising the World Experience Visa pending completion.
By Troy Brynelson, Columbian staff writer
Published: February 23, 2017, 5:16 PM
Though it is little more than a construction yard near the Columbia River right now, the Vancouver Waterfront is already dredging up interest.
More than 900 people have inquired about upcoming condominiums at the site, according to Barry Cain, whose company Gramor Development is leading the project.
The Tualatin, Ore.-based construction firm set up a website last year showcasing the project and its progress. One section allows visitors to file letters of interest in condominiums, and that created the deluge, Cain said.
“One of the things we did was on our website, if you’re interested (in a condo), you can give us your name and keep us up to date,” he said in a recent interview with The Columbian. “We looked the other day and we were surprised to find 900 people had put their name down.”
There are at least 100 condos planned so far, said Cain. That could change, as the 32-acre swath will be built in phases and some projects are still being finalized. The first buildings in the 21-block development won’t open until spring 2018.
Forty condos alone belong to Kirkland Tower, an 11-story building planned for the corner of Esther Street and Waterfront Way. The building will be a sibling to the eight-story Hotel Indigo. The combined projects cost $55 million.
Vancouver-based developer Kirkland Development believes it’s making the smart investment. CEO Dean Kirkland said the condos, which could cost $600 to $800 per square foot, will cater to potential homeowners looking to live in a dense downtown, bustling with restaurants and shops.
“It really creates an entrée where people can come in, own their own unit and be part of the waterfront and live down there and maintain residency,” he said. “I looked at that, and I really felt it would take off.”
The company recently added floors to its plans for both buildings, including five additional condos.
Most of the inquiries are coming from Clark County residents, Cain said, suggesting there are people looking for a downtown core without having to move across the river.
“I think there’s a big desire to have urban living and not (have to) live in Portland,” he said. “I think as we get going, it will surprise people how big of a market it is.”
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The demand is owed largely to a shortage of condos in the area, according to real estate experts in the Portland metro area.
Greg Frick, of Portland investment firm HFO Investments, said there is high demand across the river, too, because retirees will move to Washington to avoid state income tax and often don’t want to maintain a house.
“We’ve always had the demand of retirees going up (to Vancouver) because of the tax situation,” he said.
Terry Wollam, a managing broker at ReMax Equity Group in Vancouver, said Washington developers have shied from condos because when things go wrong, the buildings can become legal wasp’s nests.
“Every builder that I know of will have to build a substantial legal fund, because there are attorney groups who solely pursue condo associations to sue the builder or developer of the project,” he said.
Counting apartments and condos together, Cain estimated the waterfront would boast 2,500 residential units when it’s all said and done.
The scale of the $1.5 billion waterfront development may be more apparent now that construction workers and backhoes are entrenched in foundational work.
The Grant Street Pier, a cable-stayed pier that will jut out over the Columbia River, should be completed in a year, Cain said. Battle Ground construction firm Tapani Inc. started work on the waterfront park last month. The two projects will cost an estimated $30 million.
Construction on two restaurant buildings near the waterfront park could start within the next two months, Cain said. An office building will start construction soon after that. A lot of work will be done to build underground parking.
“There will be a few months where it will all be underground,” Cain said. He added that a crane could arrive at the site soon, and structures may start rising by the summer.
The Waterfront Master Plan, first adopted in 2009, entails 400,000 square feet of retail and 1.12 million square feet of office space.
The Port of Vancouver is moving forward with its own waterfront development, Terminal 1.
In December, the agency submitted an application for its master plans with the city of Vancouver. Public comments are being accepted on the plan, which can be viewed online. Public comments are open through mid-March.
The city council could vote whether to approve the plans in late spring or summer, according to Abbi Russell, port public information officer.
If approved, another application would go in front of the state Department of Ecology to conduct work near the shoreline. If that passes, the port could then start developing Terminal 1.
Plans submitted to the city say the 10.37-acre stretch of waterfront property — near the site of the former Red Lion at the Quay — could include 355 residential units, 62,000 square feet of retail and 200,000 square feet of commercial office space.
WareHouse ’23 opened at the former hotel in July. The AC by Marriott, a 160-room hotel with convention space, is also proposed. Russell said demolition of some structures on the property will start in the spring.
THIS IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF AN OFFER TO PURCHASE SECURITIES. ANY OFFER TO PARTICIPATE IN ANY SPONSORED PROJECT MAY ONLY BE MADE PURSUANT TO A WRITTEN OFFERING MEMORANDUM. ANY SALE IN A SPONSORED PROJECT SHALL BE EVIDENCED BY A SUBSCRIPTION AGREEMENT EXECUTED BY A FOREIGN NATIONAL AND WILL BE OFFERED AND SOLD, TO THE EXTENT APPLICABLE, BOTH WITHIN AND OUTSIDE OF THE UNITED STATES IN RELIANCE ON EXEMPTIONS FROM REGISTRATION UNDER THE SECURITIES ACT, STATE LAWS AND THE LAWS OF JURISDICTIONS WHERE THE OFFERING WILL BE MADE.