After nearly 6 months on the market, 2999 Grandview Highway, a retail property fully leased to the Brick, has sold for $11,675,000, representing $330 per sq ft., and a 5.5% cap rate. The Brick occupies 35,000 SF on a long-term lease with options.
The property is 1.45 acres and zoned CD for retail use. It is located on the North side of Grandview Highway near Renfrew Street.
Exclusive:
Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.
Full story:
https://howardchai.substack.com/p/shangri-la-vancouver-hyatt-retail-brookfield-aquilini
12-unit Gleneagles townhouse project proposed in West Vancouver
A new proposal has surfaced for the parking lot next to Waterfront Station.
The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.
Architect: James Cheng
Details: https://bit.ly/46aUB0W