Burnaby NewsLeader – Townhouses proposed for Hastings, Sardis.

Almost five years after the rezoning process started a townhouse project for North Burnaby is set to go to public hearing.

In November 2007, the developer first proposed a 17-unit stacked townhouse project at 5161 and 5191 Hastings St., at the northwest corner of Hastings and Springer Avenue. The properties are currently home to an older four-plex and an older single-family home, according to a city staff report, and both are designated for medium-density apartment projects in city plans.

Read more: http://www.burnabynewsleader.com/news/175861301.html

Burnaby NewsLeader – First Station Square tower in Burnaby sells out in hours.

The first tower at the Station Square redevelopment sold out in three-and-a-half hours Saturday.

Some of the 269 units had already been sold to family and friends of the developers over the last few weeks and the lineup for buyers for the remaining units started at 6:30 a.m. that day, according to Greg Zayadi, director of residential sales and marketing for Anthem Properties, which is developing the project with Beedie Living.

Read more: http://www.burnabynewsleader.com/news/175297501.html

Burnaby NewsLeader – Burnaby’s Station Square begins major transformation.

Back in the 1950s, Keith Beedie heard that a large piece of property, home to the Ford Motor Co. and Kelly Douglas, could be had for a price.

“They wanted $1 million for it. I thought, ‘are they crazy?'”

He never would have dreamed back then that one day he’d own a large piece of the property, and that the company he founded, Burnaby-based Beedie Development Group, would have a hand in its transformation.

The company, which until now had mainly been known for its industrial development projects, is now run by his son Ryan Beedie and is half-owner of Station Square shopping centre through its residential development division, Beedie Living.

Along with partner Anthem Properties, the developer is launching sales this weekend of condominium units in the first of five new towers slated for the major redevelopment.

Read more: http://www.burnabynewsleader.com/news/174798661.html

David Taylor of Colliers is pleased to have acted in the sale of 3744 Canada Way, a single-tenant retail building located on Canada Way near Boundary Road in Burnaby. The purchase price was $2,900,000. The property is occupied by a local retailer, Charlie’s Chocolate Factory.

A 4-storey walkup apartment building located at 6353 Royal Oak Avenue near Metrotown has sold for $4,930,000. The property was built in 1968 and contains 29 one and two bedroom units. The sale price equals $170,000 per unit, and a 4.4% cap rate. The building had been listed for sale at $4,980,000.