North Shore Outlook – A new kind of grocery store to take over Safeway lot in West Van.
From the outside, it doesn’t seem like much is happening to the boarded-up former Safeway building on Marine Drive in Ambleside.
But crews are quickly working on extensive renovations to make way for Fresh St. Market, a grocery store that will offer 70 per cent veggies, fruit and meat and 30 per cent grocery items.
Read more: http://www.northshoreoutlook.com/news/170352856.html
Park Strand Apartments, located at 1999 Nelson Street, a 50-unit walkup apartment building in the West End of Vancouver has sold for $14,925,000, or $298,500 per unit. The building was built in 1951 and was purchased by a private local investor. The net operating income at the time of sale was projected to be $496,000, representing a 3.3% cap rate. The property had been listed for sale; click here for a brochure.
Cadillac Fairview and Nordstroms have released renderings of the soon to be redeveloped Sears building which will see Nordstroms open in 2015. The project will have approximately 300,000 square feet of office space on the upper four floors and see Pacific Centre expand towards Robson street into what is now the Sears lower level. Nordstroms will take the first three floors. Construction is expected to commence on November 1, 2012.
