High Exposure Corner Site in the Armoury District

Description

Address

1677, 1687 & 1695 West 2nd Avenue, Vancouver, BC V6J 1H3

Location

This property is situated on the northeast corner of West 2nd Avenue and Pine Street in the Burrard Slopes area of Vancouver, better known as the Armoury District. The Armoury District’s proximity to Granville Island and a five-minute drive from the Downtown Core and False Creek make it an ideal location.

The area attracts many high-end service and retail businesses, including Ferrari, Lamborghini, Audi, Jaguar, Land Rover, Weissach Porsche dealerships, Tesla, BMW, Porsche, Honda, Acura, architects, design studios, Living Space, Brougham Interiors, Creative Home Furnishings, Bradford Hardware, East Indian Carpets, Ann Sacks, Prado Café, Bel Café, Luminosa Lighting, Banner Carpets, Whole Foods, No Frills Foods, Comor Sports, Patagonia The Boardroom, Mark’s Work Warehouse, and Fifth Avenue Cinemas are located close by.

Nearby, on the 7.6-acre Molson Brewery site, Concord Pacific expects to build approximately 1.8 million square feet of space including 300,000 square feet of office, retail, and restaurant space, in addition to 3,000 residential units in towers ranging from 15 to 30-storeys. Beside the Molson project, the Musqueam First Nations are building several towers with approximately 6,000 residential apartments. Overall, the is located on the commercial part of Fairview neighbourhood, having residential, retail and office developments around the subject complex, and supported by local commercial uses along the arterial routes.

Investment Highlights

• Three attached flex/industrial buildings
• High-profile location with development potential
• Long-term strong holding income prior to redevelopment
• 125 feet of frontage along West 2nd Avenue
• High exposure corner location
• High profile automotive dealerships, furniture and interior design stores in the Armoury District