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


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