Parklea Apartments, located at 151 East Keith Road in the Lower Lonsdale area of North Vancouver has sold for $25,500,000 to a group led by Daniel Drimmer. The price represents a 3.2% cap rate, and $290,000 per unit. The 88-unit, 15-storey concrete tower was built in 1975 and sits on a 28,000 SF lot. The building had been listed for sale for $27,000,000.
Photo credit: Brady Fleguel
4253-4273 Dunbar Street has sold for $8,010,000 to Dayhu Investments. The 12,870 SF C-2 zoned property on the Westside of Dunbar was listed by Colliers in late 2013 by unpriced bid process. There are existing tenancies in place, but the property has long-term redevelopment potential.
Grocery shoppers will have to wait a while for North Vancouver’s first Whole Foods to open on the corner of 13th and Lonsdale Avenue.
Slated to open in early 2018, the 40,000-square-foot store will be in the same lot where Safeway is now and will anchor The Onni Group’s mixed-use development, which includes an 80-foot office building and two condo towers measuring 240 feet and 180 feet.
“We are deeply committed to creating a store that serves the unique needs of this community, and will reach out to ask for direct feedback about what our new neighbours would like to see in the store,” said Joe Rogoff, president of Whole Foods in the Pacific North West region, in a press release.
Know for its organic and natural selection of food, this will be the second Whole Foods on the North Shore, including a location already at Park Royal Village.
Read more: http://www.northshoreoutlook.com/news/249328321.html
