The rezoning hearing for the Beach Towers STIR project (click here to view rezoning application documents) is happening now.
Click here to watch the proposal live.
The rezoning hearing for the Beach Towers STIR project (click here to view rezoning application documents) is happening now.
Click here to watch the proposal live.
As reported in the Financial Post today, Best Buy Canada will be closing 15 stores nationwide, following the lead of it’s counterparts in the US in an effort to reduce costs and focus on outlets with a smaller footprint.
Best Buy…”, which is closing stores in the British Columbia, Quebec, Manitoba, Alberta and Ontario markets, will open a substantial, but unspecified number of its smaller Future Shop web stores and new Best Buy Mobile locations over the next three years across the country.”
The two Metro Vancouver locations affected are as follows:
After multiple offers were received late last year, it has been learned that bcIMC has been the successful purchaser of the 2.98 acre Canada Post site located at Homer and Georgia Streets in Downtown Vancouver. Udpate: the purchase price was $159 Million.
Here is the press release from bcIMC:
“bcIMC is pleased to confirm that we have purchased the Canada Post site at 349 West Georgia, a 2.98 acre city block in downtown Vancouver from Canada Post.
We see the Canada Post site as a long-term investment that provides a unique opportunity for a large-scale mixed-use development in a desirable and strategic location in downtown Vancouver. The purchase of this property is consistent with our strategy to invest in prime real estate with the potential to provide steady and attractive long-term returns for our pension plan clients.
A redevelopment of this scale requires extensive and careful planning. Redevelopment will commence once sufficient planning has been completed, required approvals have been received and market conditions support it. We look forward to working with the City of Vancouver as we move forward with our planning.
bcIMC is one of Canada’s largest institutional investment managers and is responsible for investing the assets of public sector pension plans within British Columbia. bcIMC invests more than $95-billion of managed gross assets. bcIMC has a long and successful track record of property ownership and real estate development.”