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.
After months of speculation about a potential sale, Morguard has officially completed the sale of 1500 West Georgia Street to Bosa Properties (1500 Holdco) Inc. for a reported $120,500,000.
The 193,000 SF A Class office building sits on a very valuable and partially underutilized 43,320 SF, full-block site at the Southeast corner of West Georgia and Cardero and has been a landmark in Vancouver since it was built in the late 1970’s.
Any future redevelopment plans of the plaza area are not known at this time.
Aerial View of 1500 West Georgia