A 69,000 SF office building located at 618 6th Avenue in the Uptown area of New Westminster has sold for $32,471,500, or $471 per SF. The 6-storey office building is anchored by RBC and was acquired off-market by Value Group.
FDG Property Management has submitted a rezoning proposal for 161-165 E. Keith Rd. to allow the construction of a 93-unit 16-level residential building with 52 strata units, and 41 purpose built rental units secured in perpetuity and involving a density transfer/sale from adjacent City owned lands. The lands under consideration include Site B (12,598 SF) and the adjacent City Parcel Site A (7,600 SF) which have a combined area of 20,198 SF. This combined site shown below.
The existing rental building on the site, Park Lane Manor, was constructed in 1954 and has 12 units. As such, it is one of the older purpose-built rental buildings remaining in the City and is in relatively poor condition. It will be replaced by this proposal.
I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of this West End apartment building with laneway housing potential.
Contact me if you’d like to learn more about what’s selling in the West End and about what the new West End Community Plan means for existing apartment properties.
The Rona building located at 3000 Sexsmith Road in the Bridgeport area of Richmond has sold for $29,600,000. The 79,500 SF concrete retail building is located on a 3.91 acre site. The building was first being marketed for lease in 2013, and is now occupied by an LW Everybody’s Outlet Store.
A prime piece of Cloverdale real estate that’s sat vacant nearly 15 years won’t be a patch of dirt much longer.
Construction on the Cloverdale Gateway project is expected to start by late February or early March, according to the building’s architect, after Surrey city council approved a final re-zoning application last month.
A two-storey office and retail building at the entrance of the historic downtown core would replace the empty lot that was once home to a gas station.
Burnaby’s PJ Lovick Architects firm spearheaded the design featuring brick columns, long wood beams and tall glass windows.
“It will be a great gateway piece,” said architect Andrea Scott, adding construction on the corner of Highway 10 and 176 Street should be finished by the year’s end.
Read more: http://www.cloverdalereporter.com/news/244016691.html