A 2-storey retail and aparment building on a prime stretch of West 4th Avenue has sold for $8,800,000. The building at 2041 West 4th is located on a 50 ft. lot and is zoned C-2B. The ground floor retail is currently leased to Turf for the next 6 years. The upstairs consists of two higher end rental units.
The sale price equates to $1,050 per SF for the building.
A virtual tour of the Property can be viewed here: https://fraserelliott.com/2041-w-4th-avenue-vancouver/
I am pleased to present the opportunity to acquire a fully leased auto dealership on Main Street.
Address:
4575 Main Street, Vancouver BC
Property Features:
Asking $23,000,000, going-in 3.9% cap rate, increasing to 4.25% with rent bumps.
Please contact me for further details.
A rezoning application has been submitted for a 66 foot, mid-block site at 3353 Cambie Street, on the West side of Cambie between West 17th and West 18th Avenues. The site is currently improved with older single storey retail.
The proposal is to rezone from the current C-2 zoning under the Cambie Corridor Plan to allow a new 6-storey office building. The proposal includes:
The architect for the project is Radiant City Architecture Inc.
Marcon has submitted a preliminary rezoning application for the site of the former Barnet Hotel at 2025 St. Johns Street in Port Moody.
Marcon acquired the site in 2019 for $18,800,000, or $97 per buildable SF.
The 97,059 SF site is now vacant and zoned C5. The OCP designates the site as ‘Mixed Use – Moody Centre’, which permits commercial and residential development ranging up to six storeys in height.
The proposal for the site is two 6-storey condo buildings, and includes:
The project describes the design rationale: “Given the gateway location of the site, the project seeks to elevate the architectural expression of the development in order create a memorable western entry into Port Moody center. This memory is firmly established by the interplay of multiple colourful glazed guards that populate the north and east facades of the project. These colourful panels, change with the day as the capture, reflect or cast coloured light onto the immediate surroundings.
Upper residential levels of the development sit upon a well-defined commercial base which is located at the intersection of Albert and St. John’s Streets. The commercial base is rendered in masonry which contrasts the corrugated metal cladding of the upper residential levels. The extent of this commercial occupancy is limited by the slope of the site in both the north/south and east/west directions. A glazed canopy wraps the commercial frontage, serving to further define the base while providing cover for those accessing the three commercial units. The masonry base is extended the full length of the development on both the east and north elevations by utilizing brick for the landscape walls. The expression of a strong base for the development is further accentuated by recessing and darkening the lowest level of the northern building.”
The architect for the project is Shift Architecture.
Reliance Properties has submitted their development application for 471 East Broadway; a site that they acquired last year for $33 Million.
The site is located on the North side of Broadway encompassing the Eastern half of the block bounded on the West by Guelph Street and on the East by St. George Street.
The proposal for the 28,670 SF C-2C zoned site is a new 5-storey building that includes:
The application describes the design rationale: “Architecturally, the commercial ground plane forms a lightweight podium with a continuous glass canopy datum line accentuating the commercial base. A 24’ wide ‘urban room’ creates an indent to the building massing, creating the illusion of 2 buildings. This strategy is enhanced by the application of different materials to the two forms on Broadway; the West portion is brick clad with recessed or ‘carved-out’ balconies, while the East portion at the corner of St. George Street is clad in a light fibre cement panel system with an increasing gradation in visual weight towards the corner with punched windows with projecting eyebrow elements replacing carved-out balconies. This provides a more incremental expression to the overall development of the building frontage. The St. George elevation introduces the step down to the lane required by the C-2C zoning height envelope. This façade introduces materials symbiotic with the related RM-4 development to the North. On the lane, brick is introduced again to the townhouse form, reflecting its distinct residential character.”
The architect for the project is Integra Architecture.