A 3-storey medical office building known as Fleetwood Professsional Centre has sold. The property is located at 16088 84th Avenue in the Fleetwood area of Surrey.

Details:

• 28,074 SF
• Year Built: 1994
• 84 surface parking spaces
• Price: $13,000,000
• $463/SF

The property was sold by Nicholas Westlake of CBRE.

Allied Properties REIT has announced the completion of the remaining 50% interest in M4 of Main Alley Campus in Mount Pleasant from Westbank.

Details:

• Building Size: 208,000 SF (167,000 SF office, 38,000 SF industrial)
• Year Built: 2025
• 50% Interest
• Purchase Price: $89,700,000
• $863/SF

The sale was negotiated in July and completed September 30.

A 10-storey concrete apartment building in the West End has sold. 1222 Pendrell Street has sold for $12,300,000, or $286,000 per unit. The 43-unit building was built in 1972.

The building contains 41 one-bedroom units and 2 two-bedroom units.

• 43 Units
  • 41 one-bedrooms, 2 two-bedrooms
• Avg. Market Rent $3.91/SF
• Assessment Value: $18,838,000
• Asking Price: $15,000,000
• Notes: “Major capital upgrades required”

The property was listed and sold by Avison Young.

GWL has submitted their formal rezoning application for 1220 Station Street, following a formal announcement earlier this year that they were pivoting from the previously approved office building proposal. GWL acquired the site from Rize Alliance.

The current proposal is two rental towers, 36 & 28-storeys, as well as retail, office, and residential uses in an an 8-storey podium. Overall, the proposal includes:

• 470 units with 20% of the floor area for below-market rental units;
• a total density of 11.1 FSR;
• A building height of 287 ft. and 360 ft.

This application is being considered under the False Creek Flats Plan and the Transit-Oriented Areas Rezoning Policy.

The architect for the project is MCM.

The full application can be viewed here: https://www.shapeyourcity.ca/1220-station-st

Nicola Real Estate has submitted a rezoning application for a site that they recently acquired in foreclosure at 304-316 East 1st Avenue at Scotia Street.

The proposal is to allow for the development of a 22-storey rental tower with a 2-storey podium and includes:

• 181 units with 20% of the floor area for below-market rental units;
• 3,742 SF of retail space;
• 13,341 SF of office space;
• a total density of 9.80 FSR;
• A building height of 232 ft.

This application is being considered under the Broadway Plan and requests additional height and density in excess of the existing plan.

The architect for the project is MCM.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/304-316-e-1-ave/application-booklet.pdf