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Investment, Office, Retail

604 West Broadway Sells in $39MM Deal

A lowrise retail and office building at West Broadway and Ash Street has sold for $38,888,888 to a Chinese investor. The 34,600 SF building was sold by TPMG Capital, a long-time owner. The property is 31,250 SF in size and is zoned C-3A which allows a density of 3.0 FSR, but only for commercial use in this sub-area, this equates to $415 per buildable SF. The main retail tenant is Rogue, which has a long-term lease.

604 West Broadway

 

October 14, 2015by david.taylor@colliers.com
Apartment, Development, Retail

Redevelopment of Mt. Pleasant Dealership Includes Apartments

A rezoning application has been filed for a 46,563 SF site at 445 Kingsway in the Mount Pleasant area which would allow rezoning from the existing C-2 zoning to allow a 6-storey mixed-use building that includes:

    • 109 secured market rental apartment units;
    • Commercial use (car dealership) at grade;
    • A density of 3.69 FSR;
    • A building height of 75.5 ft.; and
    • 90 residential parking stalls, 209 dealership parking stalls, 4 loading spaces and 156 bike parking spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Program.

The site is currently improved with Desination Hyundai, a single-storey auto dealership. The renderings appear to show that Destination Honda will be the new tenant. The architect for this proposal is FNDA Architecture.

445 Kingsway445 Kingsway_3 445 Kingsway_1

October 5, 2015by david.taylor@colliers.com
Development, Office

Seaspan Planning North Shore Office Building

Seaspan is seeking development permit approval to construct an office building to provide the necessary office facilities for their ship building operations at the foot of Pemberton Avenue in North Vancouver.

The new central facility will house the office component of its ship building and marine service operations. The location on the site offers both overview of the shipyards, and easy access for staff moving back and forth between on-site facilities. The proposal includes:

  •  a new 4-storey building with offices, meeting rooms, change rooms, and a canteen for the Seaspan staff
  • Total floor area of 84,000 SF
  • 122 parking spaces on an adjacent lot

In 2011, Seaspan was awarded a contract to build 17 non-combat ships on the adjacent site.

Seaspan_1Seaspan Seaspan_2

October 5, 2015by david.taylor@colliers.com
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