A 41,000 SF waterfront development site in White Rock, B.C has been sold to a local developer for $7,700,000. The property was an assembly of multiple lots including the White Rock Mufflers site. The site is zoned CS-1 and could be redeveloped with a low-rise residential building with commercial at grade. A previous rezoning proposal included 84 residential units.
Local reaction to the sale was reported in the Peace Arch News last month.
City OKs Marine Drive development.
A proposed five-storey development on Marine Drive came one step closer to construction after receiving strong support at a City of North Vancouver council meeting Monday.
Despite questions about the mixed-use building’s density and its possible impact on a neighbouring creek, the project passed second and third readings, leaving the development one vote from adoption.
The property, located at 972 Marine Drive next to Heywood Park at Hamilton Avenue, would include 67 residential strata units above 4,200 square feet of commercial space.
Cadillac Fairview and Nordstroms have released renderings of the soon to be redeveloped Sears building which will see Nordstroms open in 2015. The project will have approximately 300,000 square feet of office space on the upper four floors and see Pacific Centre expand towards Robson street into what is now the Sears lower level. Nordstroms will take the first three floors. Construction is expected to commence on November 1, 2012.
