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Stratton & Coke
Fraser Crossing Residences in New Westminster, BC

2021 · Multi-Family · New Westminster, BC

Fraser Crossing Residences

Contract value
$112M
Delivery model
General Contracting
Area
412,000 sq ft
Duration
29 months
Client
Meridian Living Corp.
Consultant
Ostrander Partners
Status
Completed
Location
New Westminster, BC

Project narrative

Two concrete towers over a shared podium delivering 386 rental homes, 62 of them below-market, above two levels of parkade and street-level retail.

The challenge

A tight urban infill lot with a 12-metre grade change, a shoring design abutting a heritage façade, and a rental-housing pro forma that could not absorb escalation.

Our approach

Our self-perform formwork crews held a five-day floor cycle across both towers. Early buyout of rebar, glazing and elevators at 30% design locked 71% of the trade cost before the 2021 escalation cycle.

The outcome

Delivered on the contract date with $2.1M of shared savings returned to the owner and a 3.9-day average floor cycle over the final 14 levels.

Wood-framed podium levels under construction

Wood-framed podium levels under construction

Measured outcomes

386
Homes delivered
62
Below-market units
3.9 days
Floor cycle
71%
Cost locked early

Site record

Scaffolding and shoring silhouetted against the sky
Scaffolding and shoring silhouetted against the sky
Interior suite during finishing works
Interior suite during finishing works

Bid & Preconstruction

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Send drawings, a scope narrative or an invitation to tender. Our preconstruction team responds to every qualified invitation within two business days.

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