I am pleased to have acted on behalf of the buyer and seller in the sale of this office building in the Burrard Slopes area. The purchase price was $5,400,000.

Thind Developments has applied to the City of Burnaby for rezoning of 6205-6255 Kingsway to allow a 4-storey mixed-use development with full underground parking. The site is currently occupied by a strip retail centre and the Intercity Motel. The total site area is 45,307 SF, and the zoning designation is C-9. The project includes:

• Total density of 2.2 FAR
• 101 units
• 187 parking spaces

The property was assembled in 2012-2013 for a total of $5,730,000, or $57 per buildable SF.