Gracorp has completed on the sale of a Broadway Plan tower site at 2175 West 7th Avenue in the Kits neighbourhood.
The 18,000 SF site mid-block site has a rezoning application for a 20-storey, 182-unit rental tower at a total density of 6.50 FSR.
The purchase price of $26,000,000 equates to $222 per buildable SF based on the density in the proposed rezoning application.
We are pleased to reintroduce this pre-assembled 30,000 SF site in the Maplewood Area of Vancouver. Preliminary plans are in place for a 6-storey, 77-unit woodframe rental development at 1.88 FAR. All plans and reports are in place and ready for submission to the District of North Vancouver for an OCP amendment and rezoning.
The site is currently designated for 1.20 FAR townhouse development and there are existing plans with planning feedback for a 27-unit townhouse development.
The asking price is $8,900,000 or $161 per buildable SF based on the preliminary plans. Please reach out to us for further details.