North Shore Outlook – Checking out: West Vancouver Safeway closing at month’s end.

The end of this month will mark the end of an era in West Vancouver when a staple Marine Drive grocery store checks out its last customer.

Employees at the 1650 Marine Dr. Safeway store were given notice earlier this month that when they close shop on Saturday, June 30, it will be for good.

Read more: http://www.northshoreoutlook.com/news/159485535.html

Located mid-block on the south side of West 10th Avenue, this three storey, 11 suite apartment building is well positioned in the Fairview neighbourhood. Built in 1958, the Shavian Apartments had been owned by the Shavian family since construction.

The property was sold by Ted Mildon and Matt Saunders in June 2012.

Airport cements designer outlet deal.

YVR announced today (Friday) it’s planning to develop a luxury designer outlet centre on airport land in partnership with Europe’s leading designer outlet owner.

“This is an exciting project that will increase the region’s destination appeal for visiting travellers and encourage local shoppers to spend within their own community,” said Larry Berg, president and CEO, Vancouver Airport Authority (VAA) on the deal with London-based developer McArthurGlen.

Burnaby NewsLeader – Nokia to close Burnaby R&D facility.

Finnish cellphone company Nokia plans to close its Burnaby research and development facility.

It’s part of plans announced Thursday to cut up to 10,000 jobs around the world by the end of 2013.

http://www.burnabynewsleader.com/news/159077585.html

The Richmond South / Steveston area is a mature and stable residential area. New housing supply is mostly through new townhouse and lowrise woodframe condos. The Steveston Area Plan, adopted in 2009, identifies some properties for redesignation to residential.

• New townhouse product is averaging approx. $460 per sq ft, or around $525,000 per unit.
• Absorption in this area is steady; driven largely by end users looking for an affordable and quieter alternative to Richmond’s more central areas.
• Two of the largest projects in the area include Townline Home’s ‘The Gardens‘ project on the former Fantasy Gardens site, where the first phases are over half pre-sold at prices in the mid-400’s per sq ft; and Onni’s Imperial Landing project on the Steveston waterfront, which is currently undergoing planning for future phases.
• Single family house pricing is being reinforced by a lack of available land. Average pricing for single family detached homes in this sub-market is now approaching $1,000,000, and newer homes easily eclipse the $1M mark at current market values.
• Some increased densification will be possible under the Steveston Area Plan; this will create development opportunities moving forward.