Gracorp has completed on the sale of a Broadway Plan tower site at 2175 West 7th Avenue in the Kits neighbourhood.
The 18,000 SF site mid-block site has a rezoning application for a 20-storey, 182-unit rental tower at a total density of 6.50 FSR.
The purchase price of $26,000,000 equates to $222 per buildable SF based on the density in the proposed rezoning application.