Rize Alliance‘s plan for two condo towers in Metrotown will take another step forward this month. “Gold House” is a 490-unit project consisting of a 41-storey tower and a 26-storey tower over a commercial and townhouse podium.

The 87,505 SF site is located at the corner of Beresford Street and McKay Avenue. The total proposed density is 6.3 FAR. The unit types are mostly studios and 2 bedrooms.

The project also includes 5,181 SF of retail on the ground floor, and 19,799 SF of office space on floors 2-5.

I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of 3060 Edgemont Village. The property is fully leased to the Bank of Montreal on a long-term basis.

A retail property with redevelopment potential located on Kingsway in Vancouver’s Norquay Village area has sold for $8,580,000. The 13,750 SF strip plaza is leased to mostly local tenants. The 26,936 SF site is zoned C-2. On a land basis, the site sold for $127 per buildable SF.

A master plan for a chunk of Queensborough next to Port Royal is in the works.

The plan began when Platform Properties developer Kyle Shury noticed the New Westminster school district put a triangular piece of land at Stanley and Duncan streets up for sale. He bid on it and got it. Then he went to city hall and they’ve agreed to sell Platform 19 properties it owns nearby. That will give Platform just under 10 acres in total. The city then created a special study area of 21 acres to develop a master plan for the land, with the company taking the lead.

“Between the two of those (Platform’s property and the city properties) we saw an opportunity to create a significant [community],” said Shury.

The area is bounded by Ewen Avenue, Stanley Street, Duncan Street and Furness Street. Most of the land is currently zoned light industrial. Platform wants to turn it into a planned residential, commercial and retail mix.

Shury had previously been part of putting together the Queensborough Landing shopping complex.

So he knew the community’s potential and liked a lot of the changes that have taken place, especially Port Royal. “They’re starting to see the benefits of all their hard work,” said Shury.

Read more: http://www.newwestnewsleader.com/news/264317391.html