A three-storey office building located at East 1st and Lonsdale has sold for $6,400,000. The 18,000 SF building was built in 1949 and is located on a 9,007 SF site. The property’s 2015 assessment is $5,620,000. The ground floor is leased to Eternal Skin Care.

Some great crane shots of MNP Tower, which is now nearing completion. Fixturing is underway for tenants with opening in the Spring.

Photos by Donald Jones, Flickr.

Next week the City of Vancouver Standing Committee on Planning, Transportation and Environment will present the annual report on Community Amenity Contributions (CACs) and Density Bonusing. The report going to council is for information purposes and provides an interesting snapshot of the amount of CAC’s generated by the City (in 2013). Here’s a few highlights:

• 2013 approvals of additional density resulted in public benefits valued at $133 Million and 886 secured market rental units
• In 2013, there were 45 project approvals resulting in 2.6 Milion SF of additional density (rezoning/bonusing)
• In 2013, five large rezoning approvals accounted for 60% of all additional floor area approved and 70% of all contributions committed
  • These are: 508 Helmcken, Burrard Place, 1300 Richards, Vancouver House and 4533 Cambie St.
• Half of all CACs are realized by services provided on-site

Top 10 Rezonings in 2013 – Ranked by Public Benefit

Imperial Oil has sold its 232-acre property in Port Moody and Anmore to a Vancouver-based company called Brilliant Circle Group (BCG), The Tri-City News has learned.

The sale became official last week, nearly two years after Imperial Oil put the property up for grabs as one of the largest prime real estate development opportunities in Metro Vancouver.

The undeveloped land — 150 acres in Anmore and 82 in PoMo, including the historic Ioco townsite — sits on the eastern side of Imperial Oil’s 600-acre holdings in the area.

“We’re starting with a blank piece of paper, we’re not coming in with any preconceived ideas,” said architect James Cheng, renowned as one of Vancouver’s leading residential tower designers. Cheng is representing Vancouver-based BCG and said the company’s principal, who asked that his name not be used, is a Canadian citizen with residences both here and in Hong Kong.

BCG is well aware of the environmental, heritage and bylaw restrictions on the land, Cheng said, but the property was too enticing to resist, adding that the group has purchased chunks of land in Metro Vancouver before but nothing on this scale.

Read more: http://www.tricitynews.com/news/288464921.html

Bonnis Properties is proposing to redevelop a site that they acquired at the northwest corner of West 4th Avenue and Arbutus Street. The plan calls for a one-storey, 4,010 SF retail building with a roof deck. The 50 x 111′ C-2B zoned site is currently occupied by a Midas service centre.

The proposal is explained by the architect in the application: “The proposed structure has been design for potential relocation of the adjacent Lululemon store to the proposed building.The design including the roof terrace is based on the requirements and specifications of this potential tenant. The design of the building is flexible to allow for one or two commercial units in the future if required. The proposed building is a non-combustible steel construction and the exterior finishes are a combination of exterior architectural concrete panel system and metal cladding.”

The site was acquired through a bidding process in late 2013 and was ultimately sold for $6,000,000, or $1,081 per SF of land.