Steve Fame and John Gee of Colliers have sold The Langtry, located at 968 Nicola in the West End of Vancouver. The property is a 6-unit, fully furnished short-term rental property that was sold for $2,114,000, or approx. $350,000 per unit.
3105-3139 Edgemont Boulevard in North Vancouver has sold for $11,526,175, representing $993 per sq ft and a 4.0% cap rate. The 11,600 SF building is located on the South side of Edgemont Village and includes such tenants as RBC, Starbucks and Cob’s Bread. The property includes 189 feet of frontage on Edgemont Boulevard and a site area of 17,500 SF. The purchaser is a local private equity group.
Urban farm part of Main Street project.
If approved, a 380-suite townhome development proposed for land adjacent to the Little Mountain site off Main Street will include an urban farm, daycare, rooftop gardens and fruit trees.
Vancouver realtor Al De Genova said the focus of the North East Quadrant development is “families and community.”
“I’ve worked on three projects in the past two years along the Main Street corridor so I’ve met a lot of young couples who said what they want is true family housing,” said De Genova. “They also said they can’t afford $1.2 million, but can afford $600,000.”
Peace Arch News – Morgan plan moves ahead.
A proposed commercial and office space development on a 25-acre parcel of property at 20 Avenue, just east of Highway 99 cleared an important hurdle last week, winning approval in the form of a unanimous third reading at a city public hearing (Couns. Mary Martin and Judy Villeneuve were absent, according to the city clerk’s record).
The $100 million Morgan Place Developments Ltd. project will include 25,953 sq. m (279,000 sq. ft.) of retail and restaurant uses and 9,662 sq. m (104,000 sq. ft.) of office space.
It will have 1,330 parking stalls, 676 of which will be underground.
Read more: http://www.peacearchnews.com/business/173751331.html
Richmond Review – Tower eyed for corner of Cooney and Lansdowne.
A proposal that would dramatically change the appearance of a busy corner in downtown Richmond is awaiting city council’s approval.
CCM Investment Group Ltd. wants to built a 47-metre (154-foot) tower at 8380 Lansdowne Rd. The site is at the corner of Lansdowne and Cooney roads, across from Lansdowne Centre mall.
Proposed is a 12-storey residential tower over a three-storey parkade, designed by IBI Group. Contained in the development is 131 homes, 7,044 square feet of restaurant space and 2,915 square feet of retail room. One large restaurant is proposed to anchor the corner of the development, while a smaller restaurant would front Lansdowne Road.
Read more: http://www.richmondreview.com/news/176841691.html