Marloborough Court, a 5-storey office building located at Marlborough Avenue and Kingsway in Burnaby, has been sold to a local private investor.
The building is adjacent to Metropolis at Metrotown mall, is an 83,000 square foot, five storey office complex offering large floor plates. The purchase price was $27,200,000, or $326 per SF.
The building is located on a fairly large site, totaling 36,500 SF. The site is designated commercial within the existing Metrotown Plan.
Here is an update on Changing City about a site I sold in 2011:
By ChangingCity
This is another project near the Cambie corridor; on West Broadway with 61 condos over retail on eight floors. W T Leung designed the project which will replace three small commercial buildings to continue the residential densification of West Broadway.
The project was approved in June 2012, marketing started, and then stopped. Now it has a new name – Citti – and a new sales centre as a different developer takes over the design and tries to get sufficient sales to build. The cladding is a traditional brick masonry finish with some dramatic orange details a little reminicent of the GBL Olympic Village design.
Source: Changing City