Anthem Properties has acquired the recently closed Chevron site at 1698 West Georgia Street for $72,000,000.
The 16,375 SF site at the corner of Georgia and Bidwell can be rezoned and redeveloped for a 385 ft. residential tower under the West End Community Plan.
Wesgroup Properties has acquired the Chevron site at Dunbar and West 39th Avenue on Vancouver’s Westside. The 18,009 SF C-2 zoned site sold for $19,400,000, or $430 per buildable SF based upon the density permitted under the existing zoning.
The gas station site was one of a few properties offered for sale by Chevron in 2016. Others included the site on West Georgia downtown, and a now closed commercial station at Clark & 1st.
We are pleased to announce the sale of 1574 Kingsway in Vancouver. This mixed-use residential/retail building sold for $2,750,000. The property was marketed and sold by our team in late 2016.
An assembly of properties at 1818-1862 West Broadway, on the South side of Broadway just West of Burrard Street, has sold for $56,250,000. The combined site has 300 feet of frontage and a total site area of 37,500 SF. The purchase price equates to $500 per buildable SF.
The site was listed and sold by Colliers earlier this year: http://www.collierscanada.com/19189#.WAfIb5Dn_ug
There is no word on immediate plans for redevelopment.
A co-op located on a 17,292 SF site in the West End of Vancouver has sold to a developer for $40,500,000.
Harcrest Apartments, located at 1055 Harwood Street, is a 3-storey 28-unit walkup building built in 1947. The property was listed for sale earlier in the year. The site was designated under the West End Community Plan to allow a new tower up to 300 feet in height, provided that some of the new building is provided as social housing.
I am pleased to announce the sale of 3183 Edgemont Boulevard, North Vancouver, B.C. This 1,500 SF freestanding streetfront retail building has been part of Edgemont Village for over sixty years and is leased to local tenants. The property sold for $2,050,000.
3183 Edgemont Brochure
Reliance Properties has acquired a landmark apartment and retail property in the West End for $43,000,000. The building was built in 1958 and includes a 58-unit 16-storey concrete apartment highrise and three retail units including Milestones, and is prominently located at the intersection of Denman and Davie.
The building had been listed for sale by Avison Young without an asking price and sold after receiving multiple offers.