Shape Properties has submitted their rezoning application for Tower 5 of the Amazing Brentwood project. The tower is actually the fourth to be rezoned, with the first three towers now sold out and under construction.

This tower will be located at the Northeast corner of Willingdon Avenue and Halifax Street. Details include:

• A 51-storey tower located above a 2-storey commercial podium
• 506 condo units
• 287 one-bedrooms, 190 two-bedrooms, 27 three-bedrooms & 2 four-bedrooms
• 11.21 FAR (on net site)
• 37,542 SF of commercial space
• 673 parking stalls

Once this phase is complete, the four towers will represent almost 2,000 units.

Two buildings on East Boulevard have sold to Kenstone Properties for $26,000,000. The two lots, located at 6020 & 6040 East Boulevard, are currently improved with two older 2-storey walkup apartment buildings, and combine to form a total site area of 18,850 SF. The lots are zoned C-2 which allows for a development up to 4-storeys, or approximately 47,125 SF of buildable area.

The purchase price equates to $552 per buildable SF.

The property had been listed for sale for $26,800,000.

I am pleased to announce the sale of 3370 Dewdney Trunk Road in Port Moody. A fantastic 1.7 acre site located just a few minutes from Inlet Centre Station.