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Development, Investment

City of New West Sells 801 Columbia St. to First Capital

The city’s sale of 801 Columbia St., to the owners of the Shops at New West Station mall next door is expected to be completed this week, said Mike Lowe, B.C. region managing director for First Capital Realty.

New Westminster recently gave notice it was selling the property at the foot of the New Westminster SkyTrain station for $1,950,000 after paying $1,885,000 for it in 2008. The city has been using the property as a construction staging site for the Anvil Centre and Merchant Square office complex across Eighth. It will remain in the city’s possession until June 30, 2014.

“We haven’t got anything drawn up yet, but obviously we’re going to try and maximize density there and try to marry it up against our other project and all the other projects that are in the area. We have not finalized any plans on that,” said Lowe.

He added the company is willing to work with the city on figuring out what to do with the property.

Read more: http://www.newwestnewsleader.com/news/235255381.html

December 11, 2013by david.taylor@colliers.com
Development

Massive Edmonds Project Goes to Public Hearing

Although the deals offered at the Value Village in Edmonds will surely be missed, its replacement proposes to be a new community hub.

The rezoning application for a mixed-use development with three highrise residential towers, an office building, two-storey retail podium and underground parking in the Highgate area is headed to public hearing on Jan. 28, 2014.

The proposed redevelopment, at 7350 Edmonds Street and 7338 Kingsway Avenue, was first brought to council’s attention in July 2012. A Value Village and a multi-tenant building currently sit on the site.

value-village-redevelopment-burnaby

“We are excited to build a landmark project that will add to the growth of the neighbourhood,” Michael Sengara, development coordinator with Cressey Development Group, told the Burnaby NOW. “This particular corner of Kingsway and Edmonds is a prominent one, and the office building on the corner is a reflection of that.”

IBI/HB Architects put forward the rezoning application on behalf of the developer, Cressey Development Group.

Read more: http://www.burnabynow.com/news/massive-edmonds-project-goes-to-public-hearing-1.753477#sthash.v228QMtZ.dpuf

December 11, 2013by david.taylor@colliers.com
Development, Office

Bentall Kennedy Planning 31-Storey Office Tower

1090 West PenderBentall Kennedy has submitted a rezoning application for the site it owns at 1090 West Pender Street, currently an 11-storey office building.

Bentall acquired the property from West Pender Property Group in 2011 for $19,500,000 as part of a transaction that included a trade of 50% interest in 1050 West Pender Street.

The plan calls for a new 31-storey office building with:

  • 564,000 SF of office space with retail and service uses on the lower two levels;
  • 486 underground parking spaces;
  • a total density of 18.0 FSR
  • a total height of 403 ft. (about the same height as Bentall 3)

1090 West Pender_2Link to the full rezoning application: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/1090wpender/index.htm

December 7, 2013by david.taylor@colliers.com
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