We are pleased to announce the completion of another sale in the Cambie Corridor. 404-434 West 23rd Avenue is an assembly of five single family lots expected to be rezoned for townhouse use in the forthcoming Cambie Corridor Phase 3 Plan. The total site area is 24,503 SF.

Contact us for further details.

A 17,263 SF site at the Northeast corner of Robson Street and Cardero Street has sold to Vivagrand Developments for a purchase price of $79,500,000. The site is designated within the West End Community Plan to allow a density for a highrise, up to a total density 8.75 FSR.

The site, formerly occupied in part by Blockbuster Video, sits directly South across the lane from Westbank’s project at 1550 Alberni.

One of the current retail tenants in the property was featured today in a CBC in a story regarding skyrocketing property taxes.

1985 West Broadway has sold to The Property Management Group for $39,000,000. The 5-storey ‘A’ Class building, known to most as the Wawanesa Building at Broadway and Maple, was built in 1985 and totals 50,981 SF. The sale price equates to $765 per SF, or a 3.30% cap rate. Wawanesa was the seller in the transaction.

The property had been listed for sale by Avison Young. Below is a marketing video depicting the property:

The C-3A zoned property is located on a 17,280 SF site just a block East of what is anticipated to be a future transit station at Arbutus.