Here is the current construction progress on Westbank’s Telus Garden, the condo component of the mixed-use project at Richards and Robson. The project features a 52-storey tower with 424 condo units, which sold out almost immediately after being offered to insiders and Telus employees only.
Photos courtesy: 604 City, Flickr.
17 units have been assigned during the construction. The average sale value of these assignments is $914 per SF.
8010 Saba Road in Richmond has sold for $24,250,000. The property is improved with a 33,456 SF retail and office building whose main tenants include HSBC and National Bank Financial. The purchase price equates to a 4.4% cap rate, or $722 per SF. The building was sold by bid process in June with no asking price.
Here is a video overview of the property by the listing agent, Cushman Wakefield:
8010 Saba Road, Richmond BC from Cushman & Wakefield | Vancouver on Vimeo.
Ledingham McAllister is moving forward with a rezoning application to develop a 59,244 SF site at 5415 Lougheed Highway in the Brentwood area of Burnaby with a four-storey apartment building with three-storey townhouses fronting Broadway and Lougheed Highway. Plans include:
A new light industrial/office building is being planned for a mid-block site on Railway Street, in an area East of Main Street along the CN Rail tracks. The plan for the 132′ x 53′ (6,584 SF), M-2 zoned site is for a 6-storey building including:
Considered Design Inc., the landscape architect for the project, has some renderings on their website, including the one below.
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