Located at 9500 Erickson Drive in Burnaby, this 528 residential suite, 21 commercial unit, 4 tower property recently sold for approximately $100,000,000.  Built in 1973, the property currently produces $7,400,000 in gross income per year and sits on 7.5 acres of land.

Mammoth North Van tower plan to go to town hall meeting.

A developer with plans for a major project on the 13th Street and Lonsdale Avenue Safeway site has received city council’s OK to restart a public consultation process, despite objection that the plans are still too big.

Onni Group first brought their plans to council in December of 2010, asking to build three 180-foot condominium towers above three storeys of commercial space. The complex would have produced floor space 5.765 times the lot area — more than twice the 2.6 ratio the official community plan currently allows.

The City of Vancouver will be holding an open house for the potential redevelopment of the Marine Gardens site.

445 Southwest Marine Drive (Marine Gardens)

Concord Pacific has made an enquiry to the City for a possible redevelopment of the Marine Gardens site. Prior to making an application, the City of Vancouver wants to hear ideas from the community about future redevelopment of the site.

Come to an information session to learn about the site, existing and emerging policy, and the rezoning process. It is also a chance to offer your ideas, which will help shape the development, and find how you can stay involved in it. The input you provide will be considered throughout the process.

Date: Monday, May 14, 2012
Time: 5 – 8 pm
Place: Westside Baptist Church, 8506 Ash Street

City staff and the developer will be available to answer your questions and receive your comments. Source: City of Vancouver

Whole Foods to be part of Solo development in North Burnaby.

Whole Foods will be setting up shop in the Solo development near Willingdon Avenue and Lougheed Highway in North Burnaby, the company’s co-founder and co-CEO John Mackey announced last Wednesday.

Mackey said the company has signed eight new leases since its first quarter earnings release, including one in Burnaby.

The 5th Floor at Jameson House, 838 West Hastings Street has been sold for $4,100,000, representing $700 per sq ft. The office floors have been listed for sale for several months. The purchaser is a user that will occupy the space.