I am pleased to announce the sale of 300 West Esplanade, North Vancouver, B.C. This ideally located development site sold for $3,300,000.

Here is the current construction progress on Westbank’s Telus Garden, the condo component of the mixed-use project at Richards and Robson. The project features a 52-storey tower with 424 condo units, which sold out almost immediately after being offered to insiders and Telus employees only.

Photos courtesy: 604 City, Flickr.

17 units have been assigned during the construction. The average sale value of these assignments is $914 per SF.

Ledingham McAllister is moving forward with a rezoning application to develop a 59,244 SF site at 5415 Lougheed Highway in the Brentwood area of Burnaby with a four-storey apartment building with three-storey townhouses fronting Broadway and Lougheed Highway. Plans include:

• 101 condo units
• a total density of 1.50 FAR
• 32 one-bedroom units and 69 two-bedroom units
• 123 underground parking spaces
• $3,022,760 CAC ($130 per buildable SF x 0.4 FAR town centre bonus)