A master plan for a chunk of Queensborough next to Port Royal is in the works.
The plan began when Platform Properties developer Kyle Shury noticed the New Westminster school district put a triangular piece of land at Stanley and Duncan streets up for sale. He bid on it and got it. Then he went to city hall and they’ve agreed to sell Platform 19 properties it owns nearby. That will give Platform just under 10 acres in total. The city then created a special study area of 21 acres to develop a master plan for the land, with the company taking the lead.
“Between the two of those (Platform’s property and the city properties) we saw an opportunity to create a significant [community],” said Shury.
The area is bounded by Ewen Avenue, Stanley Street, Duncan Street and Furness Street. Most of the land is currently zoned light industrial. Platform wants to turn it into a planned residential, commercial and retail mix.
Shury had previously been part of putting together the Queensborough Landing shopping complex.
So he knew the community’s potential and liked a lot of the changes that have taken place, especially Port Royal. “They’re starting to see the benefits of all their hard work,” said Shury.
Read more: http://www.newwestnewsleader.com/news/264317391.html
Tower One of Shape Properties’ new Brentwood project in Burnaby, comprising 287 units in the top half of a 53-storey tower, sold out in a matter of a couple of hours on Saturday…
The Amazing SOLD OUT board at The Amazing Brentwood! Come down to the site to get on the list for… http://t.co/TULimzNggx
— Rennie Realty (@TanzolaReggie) June 22, 2014
People actually camped out for as long as three nights just to get a chance to buy one…
Just when you think stories like this are a thing of the past; Rennie does it again!
By Paul Brent
So what’s a B landlord to do besides sell?
Colliers International outlines three different strategies for B owners, which it describes as specialization, capital injection and repurpose with illustrative case studies for each.
“Those are the three that we found when we were doing our research that are proven to be the most popular and realistic for a landlord to consider,” said Curtis Scott, a market intelligence analyst with Colliers in Vancouver.
Colliers classifies A and AAA buildings are those located within a city’s central business district, with proximity to mass transit, amenities like ground floor retail and community space. B and C class office, on the other hand, is characterized by its less strategic locations, limited transit and amenities and less attractive office space.
Specialization An Option
One emerging strategy for landlords with less desirable office space would be to specialize in a specific tenant type or industry. An example Colliers raises is that of a landlord who …read more
Source: RENX
