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Market Research, Retail

A New Kind of Grocery Store to Take Over Safeway Lot in West Van

North Shore Outlook – A new kind of grocery store to take over Safeway lot in West Van.

From the outside, it doesn’t seem like much is happening to the boarded-up former Safeway building on Marine Drive in Ambleside.

But crews are quickly working on extensive renovations to make way for Fresh St. Market, a grocery store that will offer 70 per cent veggies, fruit and meat and 30 per cent grocery items.

Read more: http://www.northshoreoutlook.com/news/170352856.html

September 21, 2012by david.taylor@colliers.com
Apartment, Investment

Park Strand Apartments, 1999 Nelson Street Sold

Park Strand Apartments, located at 1999 Nelson Street, a 50-unit walkup apartment building in the West End of Vancouver has sold for $14,925,000, or $298,500 per unit. The building was built in 1951 and was purchased by a private local investor. The net operating income at the time of sale was projected to be $496,000, representing a 3.3% cap rate. The property had been listed for sale; click here for a brochure.

 

September 21, 2012by david.taylor@colliers.com
Development

Blue Mountain Low-rise Condo Proposal Gets Step Closer

Blue Mountain low-rise condo proposal gets step closer.

A four-storey, 88-unit condo building is one step closer to being approved for a residential street in Austin Heights.

Coquitlam council approved zoning amendments for the building that would go from 953 to 969 Charland Ave., east of Blue Mountain Street, at Monday’s meeting after a public hearing.

Read more: http://www.thenownews.com/news/Blue+Mountain+rise+condo+proposal+gets+step+closer/7263886/story.html#ixzz271MOfT00
September 20, 2012by david.taylor@colliers.com
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