The Lotus Hotel, a six-storey building retail and apartment property located at West Pender and Abbott Street in Downtown Vancouver has sold for $17,900,000.

The building, built in 1913, was substantially upgraded in 2001 and  2009  The main floor and basement  have been leased as a 12,000 SF retail tenant operating as The Pint Public House. The upper floors feature 110 bachelor suites, which are self-contained with kitchenettes (fridge, stove, sink) and three-piece bathrooms. These units reportedly average 210 SF.

The building was sold by Steve Fame at Colliers and had been listed for sale for $18,698,000.

Polygon Homes has a rezoning application at first reading tonight with the City of Burnaby for a 37-storey, 253 unit residential tower at Dunblane Avenue and Marlborough Avenue on the East side of Metrotown. The site at 6592/6650 Dunblane Avenue and 6579/6611 Marlborough Avenue is currently occupied by four walkup apartment buildings. This is a site first mentioned a year ago.

To the west across Dunblane Avenue is the “Met I” development, a 35-storey tower with townhouses by Concord Pacific, which was rezoned and is currently under construction. To the northwest of the subject site and directly north of the “Met I” is the “Met II”, a 38-storey tower with townhouses fronting Nelson Avenue under rezoning, which is also

currently under construction.

by 604City, on Flickr

By ChangingCity

Deecorp are usually commercial owners and agents for retail and office space Downtown, so a residential building is a bit of a departure from their usual area of activity. This three unit residential building was proposed several years ago and has just been advertised for sale.

Designed by Merrick Architecture, and with just three suites on four levels the repeated use of the word ‘luxury’ in the marketing and the reference to ‘stunning unobstructed ocean views’ promises that these are unlikely to fall into the category of affordable housing – unless you can afford a million or two.

…read more

Source:: Changing City

2260 Philip Brochure