Richport Town Centre, a large strip retail and office complex located on a 5.37 acre site on Ackroyd Road has sold for a reported $74,800,000.

The property contains 116,426 SF of rentable area and is anchored by Chapters Books, Royal Bank, Starbucks, Pennington Superstore, and City Fresh Market and many other retail and office uses.

I am pleased to have acted on behalf of the buyer and seller in the sale of this office building in the Burrard Slopes area. The purchase price was $5,400,000.

Bosa Properties has submitted an application to amend the existing CD-1 zoning for 1575 West Georgia to permit a 26-storey tower on the site, currently a 3-storey office building. The plan is for:

• a 26-storey residential tower
• a density of 10.83 FSR;
• a total of 184 residential units;
• ground-level commercial space;
• three floors of office space;
• seven levels of underground parking;
• a total height of 265 ft.