Posts Tagged ‘Business In Vancouver’

Business in Vancouver talks Gastown makeover

August 23rd, 2010

The Real Estate Roundup in this week’s Business in Vancouver discusses several Salient Group projects, including the Paris Annex, and how Gastown continues to evolve.  Reporter Peter Mitham gets Robert Fung’s thoughts on what’s propelling the change, and what’s drawing new people to the area.  Read the entire article here.


B.I.V. – The White Edition: Developers partner to support B.C. Children’s Hospital Foundation

December 15th, 2008
Robert Fung, president of real estate developer Salient Developments Ltd.: “we need now, even more than before, to support communities”

Robert Fung, president of real estate developer Salient Developments Ltd.: “we need now, even more than before, to support communities”

Business In Vancouver – The White Edition
Developers partner to support B.C. Children’s Hospital Foundation
By Peter Mitham

 

Taking care of others shouldn’t be a lost priority when companies are having trouble taking care of themselves. It’s as important as ever for companies to be engaged with the communities where they work, said Robert Fung, president of real estate developer Salient Developments Ltd.

“We need now, even more than before, to support communities,” he said.

Salient, for example, hasn’t backed down from its commitment to support the Building for Kids initiative of the B.C. Children’s Hospital Foundation. Continue reading “B.I.V. – The White Edition: Developers partner to support B.C. Children’s Hospital Foundation” »


Business In Vancouver: Seeing Is Believing

December 10th, 2007
During a visit last month to Strathcona Community Garden, urban agriculture co-ordinator Samantha Charlton shared her vision with (I-r) Jason Farris of Cltizens' Bank, Robert Fung of Salient Group and BC Hydro's Bob Elton. Visitors drank tea made from mint grown in the garden.

During a visit last month to Strathcona Community Garden, urban agriculture co-ordinator Samantha Charlton shared her vision with (I-r) Jason Farris of Citizens' Bank, Robert Fung of Salient Group and BC Hydro's Bob Elton. Visitors drank tea made from mint grown in the garden.

Seeing Is Believing
A philanthropic program garnering support from CEOs adheres to a simple principle: You can’t solve a problem without seeing it

December 2007
By Krisendra Bisetty 

Philanthropic objectives, run the gamut of our desire to improve the material and social welfare of others, but in the busy corporate world they’re often measured by how willing the powerbrokers are to loosen the purse strings.

For the growing alumni of an eye-opening program, however, executives are finding corporate philanthropy means more that simply reaching for a cheque book. It’s engagement hands-on community revitalization that makes ideal use of their skills as business leaders.

The program, now in its second year in Canada, adheres to a simple principle: You can solve a problem without seeing it.

“One way that the program fits with corporate philanthropy is looking at what a business has to offer other than donations of money,” said Annastasia Palubiski, leader of the Seeing is Believing program. “Or, if they are providing donations of money,” how do they leverage that to create a greater impact?”

The program was born from the realization that sustainable solutions to seemingly chronic issues, such as poverty, homelessness and hunger, have to involve business, which has a stake in the health of communities in which they operate.

Continue reading “Business In Vancouver: Seeing Is Believing” »


Business in Vancouver: Robert Fung Profile

July 25th, 2006
Business In Vancouver Robert Fung profile

A passion for community and Vancouver architectural heritage has helped the Salient Group founder build a $200 million inner city development business.

Heritage Storeys – Robert Fung Profile
Business in Vancouver July 25-31, 2006
By Andrew Petrozzi 

It’s fitting that Robert Fung, 40, chose Gastown’s Alhambra Building to house the Salient Group, his upstart development company. The 1886-vintage Alhambra was the first building to rise from the ashes of the fire that had destroyed Vancouver earlier that year. When Salient acquired the $3.5 million building in 2001, it was the first of many Downtown Eastside heritage properties Fung would seek to preserve and redevelop after they’d endured decades of neglect and decay. 

“I’m crazy enough to want to take on these projects,” said Fung, sitting casually in his boardroom on a recent sunny Friday afternoon. “Apparently, most people didn’t want to when we started doing them in an area that most people shied away from. 

“I’m passionate about the buildings and what these areas mean to the city.” 

Fung’s enthusiasm for the Downtown Eastside’s architecture and history grew from his involvement in the development of False Creek North when he joined Concord Pacific Developments Corp. in 1990. 

“I developed an affinity for this area at that time,” he said. “The historic component is really, really limited, and in the early ’90s we were losing a lot of our historic fabric.”

Continue reading “Business in Vancouver: Robert Fung Profile” »


Robert Fung makes top 40 under 40 list

January 9th, 2006

Robert Fung Top 40 Under 40

Business in Vancouver – Robert Fung Makes 2005 Top 40 Under 40 List.
January 3-9, 2006

President, The Salient Group
Age: 39

When it comes to revitalizing Vancouver’s heritage buildings and the neighborhoods that surround them, Robert Fung is wagering that boutique residential and office space developments are the key to healthy and interesting communities. 

Fung’s development company, The Salient Group, may have been founded in 2000, but Fung’s eight years of experience with Concord Pacific developing False Creek North, followed by his years heading the development arm of Narland Properties, have provided him with a unique sense of purpose. 

“It’s the classic 15-year overnight success,” said Fung. “But really it’s just a very sincere appreciation of Vancouver, its heritage buildings and resurrecting them in a way that accommodates demand but is also very quality oriented.” 

Salient’s financed project values have grown from around $8 million in 2003 to about $110 million currently, according to Fung. The company has also grown to eight staff. 

Salient’s projects include the development of the Taylor Building in Gastown, the redevelopment of the Flack Block at Hastings and Cambie Streets and the Bowman Block, formerly the Marquise Block, near the Sun Tower building. Salient is also developing two residential projects in Point Grey Village. 

“This is probably the biggest growth year we’ve had in terms of getting projects financed. Next year is going to be our biggest in terms of bringing the product to the market,” said Fung. “We’re probably looking at bringing 150 to 200 condo and apartment suites into the market and a lot of office space.” 

Fung also plans to roll out a non-profit component to Salient in 2006, which donates storefront retail space to artists to display their works. 

Profession you would like to try: F1 driver
Favourite movie: Apocalypse Now
Favourite restaurant: En
Mentor: Milton Wong, Paul Lee and Stanley Kwok
Currently reading: Global City Blues by Daniel Solomon
Toughest decision: How much to give away and what does it cost?
Car or chosen mode of transport: Land Rover
Birthplace: Toronto, Ont.
Last CD bought or music downloaded: Ray Charles: Anthology and Pearl Jam: Live at Benaroya Hall
Education: BA in Anthropology, University of Western Ontario
What’s left to do: Everything else 

 

Download the article here (173KB Acrobat .pdf file)