For Sale 231 West 2Nd Avenue, Vancouver, Bc
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FOR SALE 231 WEST 2ND AVENUE, VANCOUVER, BC Downtown Vancouver PROPOSED MASSING Olympic Village Canada Olympic Village Line Station Cambie Bridge W 2nd Avenue Opportunity to purchase the last major high density development site inside the highly sought after Olympic Village Neighborhood. MORGAN DYER SIMON LIM Personal Real Estate Corporation Personal Real Estate Corporation Colliers International Senior Vice President Executive Vice President 200 Granville Street | 19th Floor TEL: 604 661 0886 TEL: 604 661 0882 Vancouver, BC | V6C 2R6 [email protected] [email protected] P: +1 604 681 4111 FOR SALE 231 WEST 2ND AVENUE | Vancouver | BC OPPORTUNITY HIGHLIGHTS Colliers is pleased to present this exceptional > 30,232 SF mixed-use highrise development opportunity ready for rezoning. opportunity to acquire an over 30,000 SF development > Base density of 3.5 FSR with bonusing for 2 levels of penthouse (Estimated 130,000 SF site located in the heart of Olympic Village. buildable area). > Existing improvements provide short-term holding income during the rezoning and Located next door to the well-received project by permitting process. Concord Pacific, Avenue One, and other sold out > Excellent access to public transportation - 5 minute walk (400 m) from Olympic Village projects, 231 West 2nd Avenue is the last major Canada Line Station connecting to Downtown and YVR airport. development site available to be developed in the > Close proximity to Downtown Vancouver, Yaletown, Granville Island, and a variety of Olympic Village SEFC Neighborhood plan. Steps from nearby shops and services. many of top restaurants, boutiques, services and > Surrounded by a variety of community amenities including City Hall, Creekside Community amenities, the property’s enviable location offers the Center, Vancouver General Hospital and Children’s Hospital, new Emily Carr Campus and community daycares. utmost blend of lifestyle convenience and Vibrancy. > Pre-established development cost levies (DCL) combined at $34.78 per SF. LEGAL MAP VIEW OF THE PROPERTY FROM W 2ND AVENUE SALIENT FACTS Civic Address 231 West 2nd Avenue, Vancouver Legal Address LOT 12-16 BLOCK 4 DISTRICT LOT 302 PLAN 5832 PIDs 010-156-607, 010-156-631, 010-156-666, 010-156-691, 010-156-551 Located at the northeast corner of Crowe Street and West 2nd Location Avenue in the Olympic Village District of Vancouver West Side. Site Area and Dimension 30,232 SF (~ 247.8 ft frontage x 122 ft depth) Current Zoning M-2, Industrial - ready to be rezoned The property falls within the South East False Creek ODP and is Development Potential designated for residential and mixed-use development to support a base density of 3.5 FSR and height of approximately 12-storeys. SITE PLAN OFFERING PROCESS Prospective purchasers are invited to submit Offers to Purchase the Property through Colliers for consideration by the Vendor. The Vendor has elected not to establish an asking price for the Property and interested parties are encouraged to come to their own opinion of value. After signing a Confidentiality Agreement (CA), qualified interested parties will be provided a Confidential Information Memorandum (“CIM”) and access to our data room which contains reports and documents relevant to the Property. ft 121.98 Offers will be reviewed on or after: 247.77 ft 4:00 PM PST, Thursday, March 29, 2018 West 2nd Avenue OLYMPIC VILLAGE DEVELOPMENT PROJECTS NAVIO NORTH CENTRAL LIDO Under-Construction (Sold Out) Completed in 2014 NAVIO SOUTH Completed in 2014 Under-Construction (Sold Out) THE ONE - 88 WEST 1ST AVE PINNACLE ON THE PARK THE ONE - 38 WEST 1ST AVE MECCANICA AVENUE ONE Completed in 2016 EPIC AT WEST TOWER GREEN AT WEST Completed in 2015 Under Construction THE RESIDENCES AT WEST OPSAL Completed in 2014 PROXIMITY Pre-Construction PINNACLE FALSE MEC JAMES (Sold Out) Completed Feb. 2018 Completed in 2017 CREEK (ONTARIO) Completed in 2015 Completed in 2014 EXECUTIVE Completed in 2016 Completed in 2013 Under-Construction Completed in 2012 GROUP OF COMPANIES PINNACLE FALSE CREEK Completed in 2011 371 WEST 2ND AVE (RENTAL) 231 WestAvenue 2nd MAYNARD’S BLOCK DP in Process Completed in 2012 Southeast False creek Temporary Community COLLIERS INTERNATIONAL MORGAN DYER SIMON LIM 200 Granville Street, 19th Floor Personal Real Estate Corporation Personal Real Estate Corporation Vancouver, BC V6C 2R6 Senior Vice President Executive Vice President 604 681 4111 TEL: 604 661 0886 TEL: 604 661 0882 www.collierscanada.com [email protected] [email protected] This document/email has been prepared by Colliers International for advertising and general information only. Colli-ers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequiv-ocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc..