A rezoning proposal has been put forward to develop a phased commercial development at 2020 Boundary Road, a site the Northeast corner of Lougheed and Boundary Road in Burnaby. Translink sold the site last year to the Open Road Auto Group for $19.2 Million.

The development will consist of:

• two or three high-end auto dealerships
• a 4-storey fully enclosed glass structured car parkade
• an 8-storey, 85,000 SF office building with underground parking and grade level retail uses
• a total density of 0.77 FAR

The auto dealerships are proposed to be the first phase of the development, with the commercial uses later.

238 Fell Avenue, a 2-storey retail and office complex on the East side of Fell Avenue in North Vancouver has sold for $2,300,000. The building is a total of 7,232 SF in size, representing $318 per SF. The building had been listed for $2,600,000.

New Westminster News Leader – Small-sized Walmart for RCC: Mayor.

Walmart will be the new anchor tenant at the Royal City Centre according to New Westminster Mayor Wayne Wright.

The mayor dropped the tidbit during a state-of-the-city address to a chamber of commerce luncheon at the Columbia Theatre on Wednesday. Wright said it would be one of the chain’s smaller outlets.

Earlier this year, the Royal City Centre applied for a development permit to build an atrium-style entrance off Sixth Avenue to service a new anchor tenant in the space vacated by Zeller’s in 2006.

Wright also revealed he is in discussions with an Indy-style kart racing circuit to run an electric kart race through Downtown New Westminster. The karts, he said, would race up Columbia onto Sixth Street, down Clarkson Street and circle back to Columbia via Begbie Street.

Read more: http://www.newwestnewsleader.com/news/207619701.html