From Business in Vancouver – Avison Young has announced the listing of 815 West Hastings Street, a 106,943-square-foot office block built in 1976. The property last sold in December 2010 for $45.3 million, when a private buyer acquired it from Investors Group.

815 West Hastings

 According to RealNet Canada Inc., office properties valued in excess of $10 million enjoy an annual compound growth rate of 7.2%. Documentation Avison Young circulated last week suggests a “pricing guideline” for 815 West Hastings of $60 million, though a formal list price has not been set.

Read more: http://www.biv.com/article/20131015/BIV0320/310159888/us-debt-shenanigans-stand-to-boost-local-borrowing-costs

Morguard has applied to the City of Vancouver to amend the existing CD-1 for their property 601 West Hastings Street (also referred to as 333 Seymour Street) to retain the existing office tower, and build a 25-storey office building with:

• A total floor area of 227,700 SF
• 3,627 sq. ft. of ground level retail space
• a public plaza
• a density of 24.34 FSR
• a proposed height of 357 ft
• 102 parking spaces and 78 bicycle parking spaces in 5 levels of underground parking

Great West Life has applied to the City of Vancouver to rezone a parkade at 753 Seymour Street (next to Vancouver Centre) for an office tower.

The proposal would allow for a 32-storey building with:

• 336,186 SF of office space with ground floor retail space
• 4 levels of above grade parking and six levels of underground parking
• a total density of 15 FSR (after inclusion of the existing buildings)
• a total height of 403.5 ft

More information here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/753seymour/index.htm