A strata-titled retail and apartment building at 2023 West 4th Avenue has sold. The building contains 2 retail units and 8 residential units (five two-bedrooms and three one-bedrooms).
Property details:
Type: Streetfront multi-tenant retail and apartment
Retail tenants: Brier Home Decor, Blue Sky Clothing
Goh Ballet Academy has submitted a rezoning application for the small corner site they currently own and operate at 2345 Main Street, at the Northwest corner of West 8th and Main in Mount Pleasant.
The existing building was formerly a Royal Bank building, built in 1912 that Goh Ballet took over in 1985. The site is 62′ x 100′ and is on the heritage register.
The site is located in the Main Street Village Area A subarea of the Broadway Plan, which enables the development of retail/service, office, residential, and cultural uses up to 6 storeys and 3 FSR. The retention of heritage assets and development of cultural spaces can enable additional building heights up to 8-9 storeys. The proposal is seeking relaxations due to its proximity to the upcoming Broadway Line Station.
The proposal calls for a redevelopment of the 6,181 SF site with a 26-storey student housing tower that includes:
344 student housing units;
1,500 SF of ground floor retail space;
3 levels of underground cultural spaces (expansion of Goh Ballet);
a total density of 23.0 FSR;
A building height of 343 ft. with additional height for rooftop amenity space; and
Retention of the Royal Bank Heritage Building (Vancouver Heritage Register).
This application is being considered under the Broadway Plan and requests consideration of density and height in excess of the existing policy.
A streetfront retail property in the Connaught Heights area of New Westminster has sold for $5,000,000. The property is fully leased to ten local retail tenants.
Property Details:
Type: Streetfront multi-tenant retail
Building Size: 10,478 SF
Lot Area: 16,113 SF
Year Built: 1919
Cap Rate: 5.3%
The property includes 18 parking stalls. It had been listed for $6,500,000.
We are pleased to re-introduce Westwood Square, an 18,000 SF retail and office property located on Westwood Street in Port Coquitlam. The asking price has been reduced from $9,800,000 to $7,850,000, representing a 5.5% cap on stabilized income.
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