2303 – 2305 West 41st Avenue in Kerrisdale has sold. The two-storey retail and office building sold for $7,400,000. With 10,600 sq ft of rentable area, the price per SF was $698.

Located mid-block on the East side of Main Street one block North Of King Edward Avenue, this 5,000 square foot redevelopment site is currently improved with a 2,400 square foot, two tenant retail building.

The property was sold in late April 2012 by Ted Mildon and Matt Saunders.

Colliers has acted on behalf of the Vendor in the sale of 3880 Oak Street, a 6,177 sq ft strip retail centre at Oak and West 23rd in Vancouver. The property is fully leased to Rackets & Runners, Subway and several local tenants. The centre is zoned C-2 and has long-term redevelopment potential. The purchase price was $4,686,000, or $759 per SF.

Westbank Projects has closed on the acquisition of 2220 Kingsway in Vancouver. The 2.3 acre site was purchased from Manulife Financial for $34,088,000, representing approximately $107 per buildable sq ft.

The site, currently occupied by Canadian Tire for at least another year, will likely be rezoned to accommodate a mixed-use retail/residential development under the guidelines of the Norquay Village Neighbourhood Centre Plan, which, because of the large nature of the site, will likely allow a density of 3.2 to 3.5 FSR for a residential/commercial development with towers as high as 14-storeys.

745 Thurlow, a 22-storey office tower at Thurlow and Alberni

British Columbia Investment Management Corporation (bcIMC) has announced plans for the construction of its newest office building, 745 Thurlow, a 400,000 square foot, AAA office tower to be built to LEED Gold standard, in downtown Vancouver.

The project has secured it’s lead anchor tenant, McCarthy Tetrault, who currently occupies 75,000 sq ft at 777 Thurlow St.

The project is scheduled to complete in 2015, with demolition of the existing structure to commence in early 2012.

Source