Peace Arch News – Superstore site takes shape.

Public curiosity runs high as site clearing continues for the newest addition to Grandview Corners’ urbanized landscape – a planned Superstore and gas bar on the southeast corner of 24 Avenue and 160 Street in South Surrey.

Ontario-based Loblaw Companies Ltd. started work last month following approval of building permits for a 122,692-square-foot Real Canadian Superstore, plus gas bar and convenience store.

Timeline for completion of the project has not been announced by Loblaw, and project spokespeople were not available by Peace Arch News’ press time Monday.

The project has been in the works since 2005 when Loblaw first received zoning for the 20-acre site, which faces the Wal-Mart across 160 Street.

Read more: http://www.peacearchnews.com/business/201121561.html

After nearly 6 months on the market, 2999 Grandview Highway, a retail property fully leased to the Brick, has sold for $11,675,000, representing $330 per sq ft., and a 5.5% cap rate. The Brick occupies 35,000 SF on a long-term lease with options.The property is 1.45 acres and zoned CD for retail use. It is located on the North side of Grandview Highway near Renfrew Street.

Retail and real estate analysts believe large retailers such as Walmart or Target could start pushing for construction of a new mall on either of two downtown blocks that are ripe for redevelopment.

Canada Post’s sale in January of its long-time Vancouver headquarters to BC Investment Management Corp. (BCIMC) has opened up the block bounded by Georgia, Homer, Dunsmuir and Hamilton streets.

Two blocks east is Larwill Park, which is owned by the City of Vancouver and bounded by Georgia, Cambie, Dunsmuir and Beatty streets.

The Vancouver Art Gallery (VAG) is hoping to convince the city at a meeting, likely to be held in early March, that it should be given the site – which some estimate to be worth $200 million – to build a new $300 million gallery.

After months of expansion in the British Columbia market, SpaceList launched its commercial real estate listing platform across Canada this week.

Based in Vancouver, SpaceList is now available in cities such as Toronto, Ottawa, Winnipeg, Calgary, Edmonton and Montreal. Finally, commercial real estate listings will be aggregated in a single place, making it easier for businesses to find a new location. In the past, those looking for space had to search through dozens of different websites, each displaying different information in different formats.

SpaceList has solved this problem by building the MLS for commercial real estate. With over 60 Million square feet of available space for rent across Canada, businesses and individuals can see more options in one place than ever before. Landlords and brokers can add their listings in minutes, and as a result, hundreds of new spaces are added each week.

Read more: http://www.newswire.ca/en/story/1118859/spacelist-launches-marketplace-for-office-retail-and-warehouse-space