Sightline Properties has acquired an assembly of 24 single family lots in East Vancouver comprising two city blocks between East Broadway and East 10th Avenue at Kaslo Street.
The properties are located in a high-density residential subarea of the Rupert and Renfrew Station Area Plan, which is in the final stages of public consultation before an expected council adoption of Summer 2025.
The total combined acquisition price for the 24 lots is $91,700,000, or an average of approx. $3,800,000 per lot.
Colliers has completed the sale of a mixed-use development site located at 2245 McAllister Avenue in Port Coquitlam, as reported on by Storeys. The site, previously owned by Quarry Rock, is approved for a 5-storey, 80-unit project with 19,000 SF of retail at grade. It was sold to Northstar Development for $11,600,000 or $168 per buildable SF based on the approved application.