The Vaults project taking shape in Vernon's changing north end

Photo: The Vaults

A large development in Vernon's north end is beginning to take shape.

Foundation slabs were recently poured at The Vaults project on the former Interior Auto Wreckers property on 34th Street.

The four-building development will include high-security luxury storage condos and will be followed by a commercial development called The Commerce.

"As we prepare the walls, the individual concrete wall panels are formed, poured, and stacked on the foundation slab," the company says.

A total of 94 panels will be formed to create the perimeter and interior walls, which will be lifted into place later this fall.

The project is part of a major overhaul for the Anderson Subdivision that will also include a new light industrial complex next door and road connection through to Anderson Way.

The Vaults principal Joe Mahovlich says the project follows successful launches in Calgary and Kelowna, and another is coming in Edmonton.

Next door, the Salt Centre will be built by Wesmont Group on 48th Avenue at the current site of Coldstream Truck Parts.

The complex is currently in development phase with construction to begin in 2023 and leasing opportunities in 2024.