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Development, Office

320 Granville Street Office Tower Project Back at UDP

The design for a proposed 32-storey office building at the corner of Granville and Cordova (currently a multi-level parking garage) have been changed in advance of an Urban Design Panel meeting next week. As we reported last year, the project is for an office tower with a density of 25.5 FSR and 380,000 sq. ft.

Here’s a look at the new design:

320 Granville Model
Street Level

320 Granville – New vs Previous Design

Photos courtest: Built Form @ SSP

May 15, 2013by david.taylor@colliers.com
Investment, Office

Investors Group Sells Newton Commerce Centre

Investors Group has sold Newton Commerce Centre in Surrey for $7,000,000. The vacant office building, located at 76th Avenue and 130th Street, is a two-storey building built in 2001. The building is 42,500 SF, making the sale $165 per SF.

Newton Commerce Centre

May 7, 2013by david.taylor@colliers.com
Investment, Office

2245 West Broadway, Sold

2245 West Broadway has been sold. This is a 30-year old, 4-storey concrete office building on West Broadway between Vine and Yew. 50 ft of frontage. Fully leased, mainly to medical tenants.  The 11,600 SF building sold for $4,650,000 (after asking $4,950,000), representing $400/SF and a 3.8% cap rate.

2245 West Broadway

April 11, 2013by david.taylor@colliers.com
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