The Best Western Plus Abercorn Inn located at 9260 Bridgeport Road has sold. The 99 room hotel is located on the South side of Bridgeport directly across from Costco. The hotel sold for $13,492,000, or $136,000 per room.The building was built in the 80’s but was fully renovated in 2011. Colliers’ Hotel group brokered the deal.

The property, located at Burrard and Drake, is currently used as the Jim Pattison Downtown Toyota Dealership, with two small old house structures (non-heritage) and two small commercial buildings, one of which is currently housing a Scion Dealership. It was also reported in BIV this week that Reliance has secured the 7-11 site at the corner of Hornby and Davie, where it is expected a tower in the range of 28 storeys will become the 4th tower in the project.

The current plan calls for the following:

• along Hornby Street, a 54-storey tower and a 36-storey tower, with a 7-storey podium, providing retail, office and residential uses, including rental housing;
• along Burrard Street, a 14-storey office tower, including a 3-storey automotive dealership
• an increase in the total number of residential dwelling units, from 619 units to 810 units;
• a proposed density of 13.3 FSR (up from 11.8 in the previous proposal)
• a maximum height of 525.7 ft.

North Shore Outlook – Land sale a ‘windfall’ for West Vancouver church: neighbours.

A church in the British Properties wants to sell its land to a developer. What could be built in place of a church in the British Properties has caused quite a stir.

If the church’s land is sold, duplexes and single-family homes could go in the large lot. That’s 19 homes, consisting of 11 detached dwellings and eight duplexes, to be exact.

The congregation at North Shore Unitarian Church isn’t satisfied with the aging space, said representatives from the church. There’s no bus service so many seniors can’t make service by themselves and the 43-year-old building isn’t wheelchair accessible.

So the congregation should move somewhere else on the North Shore that’s more accessible, said a delegation of church members at a West Van council meeting on Monday. If the land at 370 and 380 Mathers Ave. is rezoned, the buyer, Darwin Construction, wants to develop the area.

Read more:http://www.northshoreoutlook.com/news/199187241.html

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Nearly a quarter of condos in Vancouver are empty or occupied by non-residents in some dense areas of downtown, a signal that investors play a significant role in the city’s housing market.

And the city overall has a much higher rate of empty apartments and houses than other Canadian cities, with a rate closer to places like New York and San Francisco at the height of their mortgage crisis in 2010.

Downtown, the rate is so high that it’s as though there were 35 towers at 20 storeys apiece – empty.

That’s the latest discovery that adjunct UBC planning professor Andrew Yan made when he analyzed 2011 census numbers to try to add more information to the contentious debate over whether Vancouver is turning into a high-end resort or offshore investors’ holding tank.

Read more: http://www.theglobeandmail.com/life/home-and-garden/real-estate/vancouvers-vacancies-point-to-investors-not-residents/article10044403/