Kevington Building Corp. is seeking approval from the District of North Vancouver today to build a 3-storey commercial and office building at 3053-3059 Edgemont Boulevard, at the corner of Queens Road. The project, named Edgemont Commons, is on the site currently built as a strip retail plaza occupied by North Shore Credit Union. NCSU will be the anchor tenant in the new development. Three more retail units are proposed on the ground floor and twelve office units are proposed for the second and third storeys. Vehicle access will be provided via the rear lane west of the property. 46 parking stalls in two levels of underground parking are proposed.

The total building height to the top of the roof is 44.5 feet in compliance with the CD-65 zone.

From the Globe and Mail:

Loblaw Cos. Ltd. is preparing to create what it says will be one of Canada’s largest real estate investment trusts.

The Toronto-based grocery giant says it wants to unlock value for shareholders and maximize the value of its real estate portfolio by establishing a REIT that will go public by the middle of 2013.

Loblaw estimates that it will initially contribute real estate with a current market value exceeding $7-billion to the REIT and wants to keep a significant majority interest in the REIT.

“The creation of the REIT is expected to build long-term value both for Loblaw and the REIT,” Loblaw chairman Galen Weston said in a news release Thursday.

Read more: http://www.theglobeandmail.com/globe-investor/loblaw-set-to-create-one-of-canadas-largest-reits/article6017572/

At a Glance: Loblaw in B.C.

• Over 50 properties in B.C. with an assessed value of $870 Million
• 24 properties in Metro Vancouver
• Superstore on Marine Drive assessed value of $83 Million

With hotel plan gone, Onni favours offices.

At first it was going to be a hotel, then the plan was to build an office tower.

Now Port Moody residents will get their say on a major development slated for the Suter Brook site at an upcoming public hearing.

The Onni Development Corp. has applied for a land-use contract amendment that would allow the company to build a nine-storey office tower at 220 Brew St., on the south side of Suter Brook Way where it meets Ioco Road.