After speculation about it’s future, the site at 1250 West Hastings in Coal Harbour that had been branded in 2013 as “The Views at Coal Harbour” has sold to Port Capital Group for $13,100,000. The 8,250 SF site had development permits in place for 14-storey building consisting of 25 residential units and 3,500 SF of office space with a total density of 5.7 FSR.

No word yet on whether Port intends to alter the existing project in any way. Demolition of the existing low-rise office building has not yet commenced.

Here’s a snapshot of where large-scale residential projects (defined as those over 100 units) are currently being built:

By Paul Brent

There was a time when Concert Real Estate Corp. could operate under the industry radar given its West Coast base of operations and traditional focus on building, retaining and operating multi-residential properties.

Any anonymity Concert may have clung to has all but disappeared following two significant deals in recent weeks: the purchase of a trophy office asset and a joint venture for a mega development in the red-hot Vancouver market.

“We have been busy lately,” said David Podmore, Concert’s chairman and chief executive. “We are really positioning the company for some pretty significant growth. Each of these fits in with our plans very nicely.”

Last week, Concert announced the purchase of Sun Life Financial‘s Canadian headquarters located at 227 King Street South in Kitchener-Waterloo.

Huge and historical, the acquisition immediately became the largest office property in Concert’s portfolio. The property consists of an 18-storey, single-tenant office complex totalling 745,247 square feet and associated parking comprised of a five-storey parking structure and a surface parking lot for a combined total site area of 15.9 acres.

Unique office complex

This unique office complex consists of multiple connected buildings, constructed in several different time periods, ranging from 1912 to 1986, …read more

Source:: RENX