FOR SALE www.avisonyoung.com 8538-8584 GRANVILLE STREET Vancouver, BC
An exclusive mixed-use development opportunity at a prominent corner on Granville Street in Vancouver
Bal Atwal*, Principal Mehdi Shokri, Principal Nestor Fourik, Associate 604.647.5090 604.647.1355 604.646.8391 [email protected] [email protected] [email protected] *Bal Atwal Personal Real Estate Corporation 8538-8584 INVESTMENT HIGHLIGHTS Granville Street Vancouver, BC IDEAL PROJECT SIZE Mid-sized project comprising a 12-storey mixed-use residential tower with gross buildable area of approximately 72,000 SF PROPERTY DETAILS PROVEN LOCATION MUNICIPAL ADDRESS Prominent corner, located directly across 8538 – 8584 Granville Street, Vancouver BC from Westbank’s Granville at 70th project
PID(S) 015-390-292 GOOD CONNECTIVITY Easy access to Marine Drive SkyTrain Station, Downtown 015-390-284 Vancouver, University of British Columbia, City of Richmond, and Vancouver International Airport SITE AREA 16,040 SF CLOSE TO AMENITIES SITE DIMENSIONS Steps away from a vast array of amenities including a 167 ft of frontage on Granville St and 96 ft of depth new Safeway, restaurants, parks, community centres, along W 70th Ave top-ranked schools, and Marine Drive Golf Club
CURRENT ZONING C-2 Commercial ACCESSIBILITY CURRENT LAND USE DESIGNATION Mixed-Use, up to 12-storeys
PROPOSED ZONING CD-1 Comprehensive Development as per the 94 83 75 Marpole Community Plan TRANSIT SCORE PROPOSED DENSITY BIKE SCORE WALK SCORE Good Transit 4.48 FSR (71,862 SF) Biker’s Paradise Very Walkable Daily errands can be Most errands can be Many nearby public CURRENT IMPROVEMENTS accomplished on a bike. accomplished on foot. transportation options
8538 Granville (One-storey building) 4. 650 sf 8584 Granville (Two-storey building) 11,498 sf Total 16,148 sf Westbank’s Granville at 70th Source: Westbank Corp PRICE Please Contact Listing Agents
GROSS BUILDABLE AREA 71,862 SF
FSR STOREYS 4.48 12 PROMINENT LOCATION
Located along Granville Street at West 70th Avenue, across from Westbank’s Granville at 70th project, the property benefits from its highly exposed northeast corner location in the vibrant Marpole Neighbourhood – a riverfront community situated in the southern portion of Vancouver’s West Side along the banks of the Fraser River. Serving as the “main street” within the Marpole neighbourhood, Granville Street offers residents all the vibrant amenities of urban living with strong walking and cycling opportunities along with various public transit options in close proximity. Granville Street forms part of Highway 99, providing excellent access to Downtown Vancouver to the north and Vancouver International Airport to the south. The location also provides good connectivity to the University of British Columbia and the Marine Drive SkyTrain Station.
Subject Property
Westbank’s Granville at 70th Granville St
th Ave W 70
DEVELOPMENT POTENTIAL
The 16,040 SF site falls within the Marpole Community Plan guidelines allowing for a 12-storey mixed-use development with additional density allowances given in exchange for the office component above grade. The site plans have been put forward to RETAIL OFFICE CONDO the City and have been received with positive feedback regarding 6,972 SF 12,238 SF 52,832 SF additional density allowances and use types given the office and retail components of the project.
Source: Westbank Corp
To UBC UBC To
AVE AVE Westbank’s ST AVE TH Granville at 70th TH
W 71
W 70 W W 68 W
To YVR Airport GRANVILLE ST To Downtown Vancouver
DRIVE TIMES
5 8 15 14 MINUTES MINUTES MINUTES MINUTES to Marine Drive SkyTrain Station to YVR Airport to UBC to Downtown Vancouver
Partnership. Performance.
Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre, Vancouver, BC V6E 3P3, Canada
avisonyoung.com
© 2019 Avison Young. All rights reserved. Bal Atwal*, Principal Mehdi Shokri, Principal Nestor Fourik, Associate E. & O.E.: The information contained herein was obtained 604.647.5090 604.647.1355 604.646.8391 from sources that we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real [email protected] [email protected] [email protected] Estate (B.C.) Inc.; DBA, Avison Young. *Bal Atwal Personal Real Estate Corporation