Burnaby NewsLeader – 38-storey tower planned for Nelson Avenue.

A 38-storey apartment tower with three-storey townhouses is being proposed for a site comprised of 6530 and 6550 Nelson Ave. in Burnaby’s Metrotown area.

Both parcels are currently occupied with older low-rise apartment buildings in fair condition, one built in 1968, the other in 1970, according to a city staff report.

The developer, Concord Pacific Developments Inc., also recently consolidated and rezoned the site directly to the south to allow a 35-storey high-rise condominium tower with townhouses fronting onto Nelson and Dunblane avenues.

Read more: http://www.burnabynewsleader.com/news/177501731.html

YVR confirms designer outlet switch; new site adjacent to Canada Line station.

Vancouver Airport has decided to move its proposed designer outlet shopping centre into the shadow of a Canada Line station.

The facility, being built in conjunction with UK-based luxury outlet firm McArthurGlen, will now be situated next to the Templeton station on Sea Island.

YVR had originally planned to build the outlet centre off Russ Baker Way, next to BCIT and were still preparing the ground at the site as recently as two months ago.

Steve Fame and John Gee of Colliers have sold The Langtry, located at 968 Nicola in the West End of Vancouver. The property is a 6-unit, fully furnished short-term rental property that was sold for $2,114,000, or approx. $350,000 per unit.

3105-3139 Edgemont Boulevard in North Vancouver has sold for $11,526,175, representing $993 per sq ft and a 4.0% cap rate. The 11,600 SF building is located on the South side of Edgemont Village and includes such tenants as RBC, Starbucks and Cob’s Bread. The property includes 189 feet of frontage on Edgemont Boulevard and a site area of 17,500 SF. The purchaser is a local private equity group.