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
Onni has submitted a rezoning application for the next phase of their Gilmore Place project in the Brentwood area of Burnaby. The first two condo towers have received occupancy in 2024. The first phase includes three towers.
Phase 2 of the project also includes three towers. The first tower of this phase was originally envisioned as a highrise office tower, but has now been revised to residential.
Onni is proposing to deliver the non-market inclusionary units envisioned in the second and third phase in Tower 4, originally envisioned as a 30-storey office tower, and now a 65-storey, 759 unit residential tower.
The revised proposal for Tower 4 includes:
Shato Holdings has acquired Willowbrook Park Shopping Centre in Langley from Valley Properties in a $136,975,000 deal that closed in January 2025.
The property was listed and sold by Stu Morrison and Randy Heed of Colliers.
The centre comprises 193,785 SF situated on three properties totaling 20.15 acres and is adjacent to the Willowbrook Shopping Centre (commonly referred to as Willowbrook Mall), the area’s regional shopping centre of over 640,000 SF. The property is anchored by Safeway and is 90% leased to national retailers.
The projected 2025 NOI for the property is $5.5 Million, equating to a 4.0% going-in cap rate.