“[The Hills] is a flagship development by a reputable team, at the heart of an area rich in diversity and opportunity. You don’t want to miss it.” –Bob Rennie, 2008
“We have been informed by the developer that they will no longer be proceeding with this project as planned.” –Email notice from Rennie Marketing Systems, February 4, 2009
Condos are his castles but it’s not all easy being king. Royal realtor Bob Rennie, Vancouver’s original billion-dollar baby, is losing his crown jewels. Dead as of today is The Hills Vancouver.
Pitched with the tagline “Nanaimo is the new Main” — never mind that Kingsway’s still Kingsway — The Hills is the third Rennie-marketed condo to flop since Halloween. It joins Jameson House and The Ritz-Carlton Vancouver in the rapidly expanding Rennie condo graveyard. (This is to say nothing of Millennium Water, which is on life-support thanks to our publicly funded real-estate healthcare system.)
The Hills website is still afloat but expect a scrubbing soon. I’m sure Rennie’s staff hasn’t looked at it since they made it — that’s usually how these things go. The news-and-events section conveniently ends at September 15th [screen grab] with a news clipping on B.C.’s “immunity” to the financial crisis. There’s also a Sun article with a big photo of Jim Flaherty saying there’s no housing bubble.
You can’t make this stuff up.