I am pleased to announce the sale of 1290 Homer Street, a heritage style office building located at the corner of Homer and Drake Streets in the Yaletown area of Downtown Vancouver. The building sits on a 50.5 x 120 ft site and is an excellent candidate for repositioning and/or redevelopment.
The property sold for $9,750,000.
Please contact me at david.taylor@colliers.com for details.
The City of Vancouver has placed a 1.42 acre property up for sale at 601 Beach Crescent. The irregularly shaped site sits just East of the Granville Street bridge, and mirrors the Vancouver House site at 1400 Howe Street (though the site has a smaller site area).
City of Vancouver planning documents identify the currently vacant site for a similar height as the Vancouver House project, at 425 feet (though Vancouver House was subsequently approved at 497 feet).
The offer submission date is July 27th, 2016.
Chard Development has submitted a rezoning application for a site it owns at Main & East 5th Avenue in Mount Pleasant.
The proposal for the 23,261 SF site is to rezone from the current IC-2 zoning to CD-1 under the Mount Pleasant Community Plan. The proposal consists of a 6-storey mixed-use building over three levels of underground parking and includes:
The architect for the proposed project is Proscenium Architecture Inc.
Chard has recently had success in the sales of their Ellsworth project just two blocks South at Main & 7th. The project’s 89 units are nearly sold out.