The MEC Building at 1077 Great Northern Way in the False Creek Flats area has sold to a partnership between Low Tide Properties and PCI Group for $103,000,000, or $916 per sq ft.

The site allows for a future expansion of the current office building by approximately 60,000 sq ft. on the Northern part of the almost 2-acre site.

The 112,400 SF office building was built in 2014 by Mountain Equipment Co-op and was subsequently sold, most recently in 2018 to Crestpoint for $75,000,000.

Since early 2020, MEC had been attempting to sublease most of the building.

A rezoning application has been submitted for a site at 809 West 41st Avenue, at the Northwest corner of 41st and Willow, just East of the now approved redevelopment of the Oakridge Transit Centre site. The site is currently improved with the Oakmont Medical Building, built in 1965.

The proposal is to allow for the development of a 18-storey rental building with ground floor commercial retail space. The proposal includes:

• 131 market rental units (20% of floor area as moderate income housing);
• 70 one-bedrooms, 43 two-bedrooms & 18 three-bedrooms;
• 6,200 SF of retail space on the ground floor;
• A total density of 7.14 FSR;
• A building height of 194 ft.with additional height for a rooftop amenity space
• 85 vehicle parking spaces and 254 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Arno Matis Architecture.

The site was sold in 2017 for $30,750,000, or $256 per buildable SF.

PCI Group have submitted a rezoning application for a 16,104 SF site at 3555-3561 East Hastings Street in East Vancouver. The site is immediately adjacent the Kootenay Bus Loop to the West, and a block West of Boundary Road.

There was previously a restaurant on the site. There is also a small one-storey commercial retail building on the east portion of the site.

The proposal is to allow for the development of a 6-storey mixed-use residential building. The proposal includes:

• 56 secured market rental units;
• 5 studios, 31 one-bedrooms, 17 two-bedrooms & 3 three-bedrooms;
• 6,400 SF of ground floor retail/restaurant space;
• A total density of 3.13 FSR;
• A building height of 79 ft.;
• 49 vehicle parking spaces and 110 bicycle parking spaces.

The application is being considered under the Secured Rental Policy.

The architect for the project is BHA Architecture.

The site had previously been listed for sale for $10,000,000.