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Development

Master Plan for Chunk of Queensborough

A master plan for a chunk of Queensborough next to Port Royal is in the works.

The plan began when Platform Properties developer Kyle Shury noticed the New Westminster school district put a triangular piece of land at Stanley and Duncan streets up for sale. He bid on it and got it. Then he went to city hall and they’ve agreed to sell Platform 19 properties it owns nearby. That will give Platform just under 10 acres in total. The city then created a special study area of 21 acres to develop a master plan for the land, with the company taking the lead.

27984newwestBE0625-QBoro1

“Between the two of those (Platform’s property and the city properties) we saw an opportunity to create a significant [community],” said Shury.

The area is bounded by Ewen Avenue, Stanley Street, Duncan Street and Furness Street. Most of the land is currently zoned light industrial. Platform wants to turn it into a planned residential, commercial and retail mix.

Shury had previously been part of putting together the Queensborough Landing shopping complex.

So he knew the community’s potential and liked a lot of the changes that have taken place, especially Port Royal. “They’re starting to see the benefits of all their hard work,” said Shury.

Read more: http://www.newwestnewsleader.com/news/264317391.html

June 24, 2014by david.taylor@colliers.com
Development

MARKET UPDATE: Brentwood ONE Sells Out in a Day

Tower One of Shape Properties’ new Brentwood project in Burnaby, comprising 287 units in the top half of a 53-storey tower, sold out in a matter of a couple of hours on Saturday…

The Amazing SOLD OUT board at The Amazing Brentwood! Come down to the site to get on the list for… http://t.co/TULimzNggx

— Rennie Realty (@TanzolaReggie) June 22, 2014

People actually camped out for as long as three nights just to get a chance to buy one…

Just when you think stories like this are a thing of the past; Rennie does it again!

June 22, 2014by david.taylor@colliers.com
Development

Construction Update: MNP Tower

2Taken June 20th.

June 20, 2014by david.taylor@colliers.com
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