A 13,700 SF retail and office building on West 4th Avenue near Alma Street has sold for $10,500,000. The building is 2-storeys with office above retail and the site, measuring 11,191 SF is zoned C-2 commercial.
The sale equates to a price per SF of $768 for the building, or $375 per buildable SF based on the zoning. The cap rate equates to 2.8%.
The property had been listed with Macdonald Commercial.
Austeville Properties has submitted their rezoning application for 450 West Georgia Street, a mostly vacant lot with two smaller buildings at West Georgia and Richards. The site is located between Deloitte Summit (400 West Georgia) and Telus Garden.
The proposal calls for a 23-storey office building with retail at grade. Details include:
This application is being considered under the Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.
The architect is W.T. Leung Architects.
One of the more fascinating construction projects to watch in town has been 410 West Georgia Street, now known as ‘Deloitte Summit’ after its lead tenant. The building is being developed by Westbank.
The 24-storey, 375,000 SF office tower began below-grade construction less than a year ago and is now well advanced above ground level in part, due to the steel construction which progresses more rapidly than concrete.
Photos courtsey mcminsen
We are pleased to present this 14-acre residential/mixed-use development site in Burnaby, located adjacent the Sperling-Burnaby Lake Station.
Please download our brochure for further information about the Property.
