Twelve-storey proposal will go to public hearing.

A 12-storey building proposal for Vidal Street in White Rock was moved forward at council Monday, paving the way for the public to have its say.

The proposed development would see 12 townhouses and 97 apartment units go up between 1467 and 1519 Vidal St., the site where the Mariners Reach townhouse complex currently stands.

Coun. Larry Robinson said he expects a fair bit of community discussion surrounding the proposal, which could set the mood for future developments.

Another Westbank project is heading to public hearing, this time at 2200 Kingsway which was formerly a Canadian Tire.  The proposal features three towers that total 404 residential units over 350,000 square feet of gross floor area and 597 parking spaces. 

An interesting article on some of the pioneers of the REIT world.  REITs have become like daytime talk shows, new ones pop up every week and for any sort of real estate asset class. 

Cohen & Steers Looking Beyond REITs and Real Estate.