Wall Financial is proposing a 15 storey non-market rental building with ancillary office at the intersection of Seymour and Helmcken Streets. The project will have 81 residential units that are rented at non-market rates and may form part of the Community Amenity Contribution for another Wall Financial project at the intersection of Richards and Drake Streets.
More information can be found here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/1107seymour/index.htm
Boffo Developments in conjunction with James Schouw have started construction of Artemesia at the intersection of Helmcken and Hornby Streets in Downtown Vancouver. The project was previously halted because of financial troubles but is now proceeding. The project will include 21 suites over 5 storeys.
During demolition of the building that previously sat on the site, the project made news when walls collapsed into the street damaging public and private property. View the video here: http://www.youtube.com/watch?v=sUFjy8wQ8mQ
A 14-unit three-storey walkup apartment building in Kits has sold for $4,800,000, or a 3.1% cap rate ($343,000 per unit). The building, located at 2250 York Avenue contains one and two bedroom units and had been listed for sale for $5,600,000. The property is zoned RM-4.
Based upon the most recent statistics from the Real Estate Board of Greater Vancouver’s Home Price Index, sales activity and benchmark prices for condos in New Westminster have been relatively flat over the past 24 months . The benchmark price for condos has increased 0.8% since July 2011.
(click above for greater detail) (source: REBGV stats)
A commercially designated site near Lougheed and Willingdon in the Brentwood town centre area has sold.
4488 Halifax Street is a 18,299 sq ft site that is located mid-block on Halifax Street west of Willingdon Avenue.
The property, which has been vacant for several years, sold for $3,313,000. Previous development inquiries for the site included office & commercial schemes at densities up to 6.0 FAR.
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor
