“Anthem Properties Group Ltd. is Pleased to Announce the Strategic Land Disposition of the Molson Brewery Site in Edmonton, AB.

EDMONTON, ALBERTA–(Marketwire – March 13, 2013) – On February 28^th, 2013, Anthem Properties Group Ltd. completed the disposition of its 7.9 acre Molson Brewery site located at the intersection of 104^th Avenue and 121^st Street in Edmonton, AB. The site was sold to joint venture partners First Capital Realty Inc. and Sun Life Assurance Company of Canada.

 The Molson site sits immediately adjacent to the Purchaser’s 6.3 acre Crosstown Chrysler site, which was acquired by the Purchaser in 2012. The sites combined, bring the total assembly to 14.2 acres. The size and location of the assembly will allow for an exciting, comprehensive mixed use development along this important east-west corridor.

Owner seeks density increase before sale.

A bid to increase the density at a Marine Drive property currently occupied by a florist was met with resistance from neighbours at a West Vancouver council meeting last week.

If council OKs the added density, the building’s floor area ratio would rise from 1.75 to 2, making the property more attractive to potential buyers. Floor area ratio measures the total floor space of a building against the size of its lot.

The future of the property, located at 1821 Marine Drive, may be too murky to make a decision, according to Coun. Bill Soprovich.

West Van Florist Site

633 Main Street will be a 16-storey building at the Northwest corner of Main and E Georgia Street. Retail uses are located at grade, with the intention of providing small-scale retail along Main Street and Georgia Street in keeping with the type of retail prevalent in Chinatown. The retail space provided on Georgia Street adjacent to the rear lane is expected to animate the rear of the property across from the plaza space on the Chinatown Parkade site. The remainder of the building is residential uses. A total of 188 condo units are proposed. The total density as approved is 8.82 FSR. A CAC was offered as part of the rezoning in the amount of $1,237,725 as a cash payment.