We are pleased to formally introduce this 14-acre residential development site in the Bainbridge Area of Burnaby.
Please download our brochure for further information about the Property and the offering process: Brochure_7000 Lougheed
In an interesting move, 10 floors of the Exchange Building are being converted to hotel use instead of office use. This comes as Executive Group has acquired the adjacent Edward Chapman property at 833 West Pender, with soon to be released plans for a hotel on the site.
A development application has been submitted for The Exchange Building to allow:
- conversion of office use to hotel on floors 2 through 11
- 110,000 SF of the building will be converted
Under the site’s existing CD-1 (555) zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
Cressey has filed a rezoning application for a site at the corner of Main and East 2nd Avenue in East Vancouver. The 18,683 SF triangular site at 1800-1880 Main Street is currently zoned IC-2, but the Mount Pleasant Community Plan allows for residential rezoning.
The plan is for a redevelopment of the site to allow an 11-storey mixed-use building that includes:
- 131 rental units;
- 34 studios, 51 one-bedrooms, 36 two-bedrooms and 10 three-bedrooms
- Two commercial units at grade;
- A total density of 5.02 FSR;
- A height of 113.4 ft.; and
- 88 parking spaces (including 6 car share spaces).
The architect for the project is Francl Architecture.
Cressey acquired the site in 2016 for $17,000,000, or $181 per buildable SF based on the rezoned density.