Readers of this blog may recall a story in July about Cube Living, an opportunity to invest in real estate 1 cubic foot at a time. This caught our attention when it stood out as a clever tongue-in-cheek submission to the city’s ReThink Housing competition.
One of the people behind the project has now launched Phase 2 by opening the CUBE Showroom where you can apparently purchase a cube of your own. Operating out of the 221a Gallery at 221 E Georgia, the showroom will be open from 1-6pm from February 19th to the 23rd. Act fast though, according to the Gallery’s website presales are hot.
There’s been unexpected volume of pre-sales over the weekend and the development is now 66% sold out—but don’t worry, we’re holding back some units to ensure there’s a reasonable supply still available when the sales centre opens on Tuesday.
You can find more information about the project at 221a’s website. There will be a talk by designer and artist Alex Grünenfelder on Wednesday, February 20th at 8pm and a closing reception on Saturday, February 23rd at 8pm.
On February 19 Grünenfelder will begin a limited release of micro-properties measuring 1 cubic foot. This innovative product addresses the stagnation and endemic unaffordability of Vancouver’s real estate market. In developing a spatial commodity that can be purchased in very small units, Cube Living is able to offer affordable properties at prices under $50! Micro-properties are an accessible solution to the inflated real estate market crisis that threatens to push Vancouver’s economy into decline.