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Development

Pinnacle’s West 10th and Maple Project at Public Hearing

Pinnacle International‘s 2nd phase of their Broadway IGA site development moves to public hearing tonight. The project, at 2001 West 10th Avenue is a rezoning from M-1 to CD-1. The proposal is for a 7-storey residential building and a 6-storey residential building, with a childcare facility at grade, all over shared underground parking. The application proposes a total of 125 units, a density of 2.5 FSR, a building height of 74.5 feet and 183 parking spaces.

December 13, 2012by david.taylor@colliers.com
Development

Massive Tower Approved for Seylynn

The tallest building on the North Shore can now be built in the Seylynn neighbourhood of the District of North Vancouver, following a contentious council vote Monday (Dec. 10).

In a 4-3 vote, council approved the five-building development east of Mountain Highway and north of Fern Street, which includes three highrises measuring 24, 28, and 32 storeys.

In an equally close vote the week before, council passed an amendment to limit height to 28 storeys, but last Monday’s meeting restored the plan to its previous height limits, thus allowing the 32-storey tower.

Read more: http://www.nsnews.com/news/Massive+tower+approved+Seylynn/7682645/story.html#ixzz2Eqw0sQNU
December 12, 2012by david.taylor@colliers.com
Investment, Retail

“Mall Brawl Starts with $4.4 Billion Bid”

Courtesy Globe & Mail.

“A deep-pocketed consortium is trying to scoop up dozens of shopping malls in a $4.4-billion bid, aiming to carve up the spoils in what the bidders say is the largest takeover battle that Canada’s real estate investment trust sector has seen.

The group, led by KingSett Capital, has launched a hostile offer – rare in the sector – for Primaris Retail Real Estate Investment Trust, but analysts say that bid is unlikely to be successful unless KingSett sweetens its offer.”

Read the full article HERE.

December 11, 2012by david.taylor@colliers.com
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