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Investment, Office, Retail

Richport Town Centre Sold in $74.8 Million Deal

Richport Town Centre, a large strip retail and office complex located on a 5.37 acre site on Ackroyd Road has sold for a reported $74,800,000.

The property contains 116,426 SF of rentable area and is anchored by Chapters Books, Royal Bank, Starbucks, Pennington Superstore, and City Fresh Market and many other retail and office uses.

Richport town Centre

September 4, 2014by david.taylor@colliers.com
Development

126-unit Building Planned for Mount Pleasant

A development application has been made for a site located at 311 East 6th Avenue, at the NE corner of East 6th and Scotia Street. The plan for the IC-3 zoned site is for a 6-storey building with 68 Artist Studio units, and 58 standard residential units. The building will incorporate an industrial feel into the design including brick, window wall and miscellaneous steel. Details include:

  • A total floor area of 85,588 SF
  • A total density of 4.73 FSR
  • 113 underground parking spaces

311 East 6th311 East 6th_2

The site was acquired earlier this year for $3,000,000 by Jameson Development Corp.

September 4, 2014by david.taylor@colliers.com
Development

What West End Infill Looks Like

Here’s an update on a property I sold earlier this year at 1546 Nelson Street, which is now going through the development permit process to add laneway housing.

The existing 6-unit residential building is located on a 33 ft. site zoned RM-5, but the new West End Community Plan allows conditional laneway units. The proposal includes:

  • 4 new residential units
  • Ground-oriented family housing
  • Landscaped inner courtyard
  • Zero parking spaces
  • Total density of 1.71 FSR

1546 Nelson_Sep 14 1546 Nelson_Sep 14_2 1546 Nelson_Sep 14_3

September 4, 2014by david.taylor@colliers.com
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