TPMG Capital has acquired 2695 Granville Street, a 7-storey office building located at the Northwest corner of Granville and West 11th Avenue.
The 27,812 SF concrete office building was built in 1965 and sits on a 54 x 120′ C-3A zoned lot.
At the $28,600,000 price equates to $1,028 per SF of building area including ground floor retail.
The building had most recently been listed for sale for $29,900,000 following an initial asking price of $36,000,000 in early 2020.
A rezoning application has been submitted for a site at 2735 E 41st Avenue in East Vancouver. The 14,382 SF C-1 zoned site is currently occupied by an older lowrise commercial building occupied by G&F Financial Group.
The proposal is to allow for the development of a 5-storey mixed use rental building under the Rental 100 policy. The proposal includes:
The application is being considered under the Secured Market Rental (Rental 100) Policy.
The architect for the project is Barnett Dembek Architects Inc.
A rezoning application has been submitted by Chard Development for a site at 750 SW Marine Drive, a block and a half West of Cambie Street. The I-2 zoned site is 18,100 SF in size and occupied by lowrise commercial buildings with tenants including Once a Tree Furniture.
The proposal is to allow for the development of an 8-storey building that includes office, light industrial and at-grade retail uses. The proposal includes:
The application is being considered under the Marpole Community Plan and the Employment Lands & Economy Review Phase 2 Report.
The architect for the project is Proscenium Architecture & Interiors Inc.
Alabaster Homes has submitted a rezoning application for a land assembly of 8 single family residential lots at 4992-5138 Ash Street, one block West of Cambie and just North of West 35th Avenue.
This area was redesignated as part of the Cambie Corridor Phase 3 Plan in 2018 to allow condo buildings up to 4-storeys, or rental buildings up to 6-storeys (buildings fronting West 35th are permitted up to 6 storeys for condo or 8 storeys for rental). In this case, Alabaster has elected to pursue a condo development.
The proposal for this site is to allow for the development of two 4-storey buildings and one 6-storey building and includes:
The proposal also accomodates a City requirement to dedicate the Southern 35 ft. to allow a dedication for the extension of West 35th from Cambie to Ash Street.
The application is being considered under the Cambie Corridor Plan.
The architect for the project is GBL Architects.
Wesgroup has submitted a rezoning application for the former Chevron Station site that they own at the Southwest corner of Cambie & West 59th Avenue.
The 19,800 SF site at 7525 Cambie Street has been operating as a community garden since the gas station shut down a couple of years ago.
The rezoning proposal is to allow for the development of a 6-storey condo building with commercial uses at grade. Details include:
The application is being considered under the Cambie Corridor Plan.
The architect for the project is Yamamoto Architecture.
Wesgroup acquired the property in 2017 for $18,558,700, or $265 per buildable SF.
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor
