A 3-storey office and retail building located on Johnston Road in downtown White Rock has sold for $3,650,000. The building totals 10,550 SF, equating to $350 / SF, and is anchored by HSBC, who has a total of approximately 4,000 SF. The site area totals 8,520 SF. The property had been listed for sale by Dean Baumann of RE/Max at $3,995,000. Click here for a brochure.
Cressey has begun the development application process for The Ridge site on Arbutus Street at 16th Avenue. Shown in the rendering above, the planned project would consist of five storeys, 52 dwelling units and 21,000 square feet of retail space, similar to the development of properties further North on Arbutus Street and much smaller scale than the upcoming Arbutus Village. The project will preserve the iconic Ridge sign that has been on the site for decades as well as provide numerous amenities such as what is likely to become a grocery store and improved park space around the development.