Chip Wilson, former CEO of Lululemon, has reportedly acquired 1770 West 7th Avenue, a 5-storey, 75,000 SF office building located at Burrard and West 7th. The building, built in 1985, was sold for $32,625,000, or $430 per SF.

The city’s sale of 801 Columbia St., to the owners of the Shops at New West Station mall next door is expected to be completed this week, said Mike Lowe, B.C. region managing director for First Capital Realty.

New Westminster recently gave notice it was selling the property at the foot of the New Westminster SkyTrain station for $1,950,000 after paying $1,885,000 for it in 2008. The city has been using the property as a construction staging site for the Anvil Centre and Merchant Square office complex across Eighth. It will remain in the city’s possession until June 30, 2014.

“We haven’t got anything drawn up yet, but obviously we’re going to try and maximize density there and try to marry it up against our other project and all the other projects that are in the area. We have not finalized any plans on that,” said Lowe.

He added the company is willing to work with the city on figuring out what to do with the property.

Read more: http://www.newwestnewsleader.com/news/235255381.html

Bentall Kennedy has submitted a rezoning application for the site it owns at 1090 West Pender Street, currently an 11-storey office building.

Bentall acquired the property from West Pender Property Group in 2011 for $19,500,000 as part of a transaction that included a trade of 50% interest in 1050 West Pender Street.

The plan calls for a new 31-storey office building with:

• 564,000 SF of office space with retail and service uses on the lower two levels;
• 486 underground parking spaces;
• a total density of 18.0 FSR
• a total height of 403 ft. (about the same height as Bentall 3)

Link to the full rezoning application: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/1090wpender/index.htm