A strata townhouse complex located at the southwest corner of Cambie and West 65th Avenue has been acquired by the Buddhist Compassion Relief Tzu Chi Foundation of Canada for $16,700,000. The 34,600 SF site is currently zoned CD, but is designated for 6-storey development in the Cambie Corridor Plan. The purchase price equates to $195 per buildable SF assuming a density of 2.5 FSR.
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
