I’m pleased to announce the sale of 3030 Gilmore Diversion in Burnaby. This 47,000 SF office building is located on a 1.5 acre site.
The sale price was $16,200,000.
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.
The City of New Westminster is exploring further changes to its Lower Twelfth Street area plan, with an ongoing study now being considered by council following on earlier work from 2024.
Current objectives include:
- Confirmation of the Official Community Plan vision for the mix of “ultra-light” uses
supported by residential in the Lower Twelfth area. - Endorsement of the neighbourhood massing approach, that would see the highest buildings closer to Downtown transitioning down to the lower density edges of the study area.
- Exploring changing the Official Community Plan designation of some properties outside but adjacent to the study area.
Next steps:
- Completion of Additional Studies (Summer 2025) and report back to Council on implications to Lower Twelfth area study
- Public and Nations Engagement (anticipated Fall 2025)
- Council Approval of the Evaluation Framework (anticipated Winter 2025/2026)
The full presentation can be viewed here: https://pub-newwestcity.escribemeetings.com/filestream.ashx?DocumentId=21572
Charlie Hughes and I are pleased to introduce this 54,450 SF woodframe development site in the Royal Oak area of Burnaby.
For further information: https://www.collierscanada.com/en-ca/properties/for-sale-54450-sf-woodframe-development-site-in-burnaby/can-6229-6311-denbigh-avenue-burnaby-british-columbia/can2017347