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Development, Retail

Whole Foods Opening on Lonsdale Avenue in North Van

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.

18558northshorelonsdalewholefoods

“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

March 11, 2014by david.taylor@colliers.com
Investment, Retail

Former Rona in Richmond Sold in $29.6M Deal

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.

3000 Sexsmith

 

February 12, 2014by david.taylor@colliers.com
Investment, Retail

Strip Retail Centre in Richmond Sold in $28M Deal

A 140,000 SF strip retail centre on No. 3 Road has sold for $27,950,000. The property, located at 4551 No. 3 Road had been on the market for sale as an investment deal with the 5.5 acre site having upside for future redevelopment. Based on the 2012 reported income, the deal would appear to represent an approximate cap rate of 4.8%.

Under the OCP the allowed density is 2.0 FAR for a total potential buildable area of 238,012 SF.
4551 No. 3 Road
January 29, 2014by david.taylor@colliers.com
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