Real estate projects boost downtown Vancouver's business climate Real estate developers are planning projects to revitalize parts of downtown Vancouver including bail reform, public-safety projects, funding for social housing, police and mental-health support

Big night for public hearings on major real estate projects in downtown Vancouver.
One has passed. On to the other.
I look into those projects and other solutions to revitalize the area.
#yvrre #retail #hospitality #BCpoli

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Bonnis Properties' $140M sale of Granville and Robson site sparks redevelopment speculation The GJ Group has acquired the corner property that has 90K square feet of leasable space, and could be rebuilt to include retail and hotel use

Bonnis Properties' $140M sale of Granville and Robson site sparks redevelopment speculation
#YvrRE #retail #vanpoli #hospitality

Vancouver storefronts sit empty amid policy gridlock, construction delays Demand for storefronts differs across neighbourhoods, but vacancy increases in parts of the city raise concerns

Vacancy crisis or retail rebirth?
Why demand for empty storefronts differs between Vancouver neighbourhoods, and what some solutions are to help fill space
#retail #YVRre #YVRpoli

Lululemon to expand headquarters to large space at CF Pacific Centre The nearly 300,000-square-foot space is currently occupied by Microsoft.

Major expansion for Lululemon as it has signed a deal to lease nearly 300,000 square feet of office space at CF Pacific Centre, replacing Microsoft
#YvrRE #retail #BCecon

McArthurGlen Outlet Vancouver hits 10-year milestone, plans third expansion Richmond outlet mall has welcomed brands such as Under Armour, Zwilling and Karl Lagerfeld for their first stores in the region

Exciting day for McArthurGlen Outlet Vancouver as the Richmond mall by Vancouver International Airport marks 10 years in operation.
It plans to soon announce when its Phase 3 will open.
#retail #YvrRE #outlet

Judge rules against Vancouver developer in lawsuit over former Jimi Hendrix Shrine site Bonnis Properties ordered to return $1.1M deposit, pay more than $190K in damages as well as costs in suit with Epix Developments

Judge rules against company affiliated with Bonnis Properties in lawsuit over former Jimi Hendrix Shrine site
#YVRre #lawsuits

Major downtown Vancouver closures suggest ‘dire’ retail outlook for area Bright spots include Granville Street’s new Rec Room and a large mixed-use project above the Commodore Ballroom

Took a look at what the Hudson's Bay Co.'s slated closure means for the neighbourhood.
One retail analyst said area has "pretty dire" outlook but there are signs of vitality further down Granville Street.
#retail #YVRre

Downtown Vancouver sees decline in visits from workers, shoppers Granville and Robson streets saw more visitors while Alberni and West Hastings streets saw declines

Visits to downtown Vancouver fell 7.8 per cent y/y in 2024, according to new data derived largely from mobile phone pings.
Perhaps surprisingly, it was Granville Street that performed the best, with visits up 11.6 per cent.
#retail #YVRre

Reliance announces plans to convert Vancouver office building to hotel Project would convert an office building at the corner of West Cordova and Thurlow streets into an 180-room hotel

Great news for hotel advocates in Vancouver as Reliance Properties and Germain Hotels plan to convert an office building at Thurlow/West Hastings into a hotel.
Reliance CEO Jon Stovell told me no rezoning is needed, just a minor development permit and a building permit.
#hotels #YvrRE

Bonnis seeks quick approval for revamped project above Commodore Ballroom New concept is for two towers, 43 and 39 storeys, with 500 rental homes, 100 hotel rooms, five levels of retail, restaurants and entertainment

In the eighth year of Bonnis Properties discussing a project to redevelop the 800-block of Granville Street with the city, principal Kerry Bonnis told me why he seeks quick approval for a revamped project above Commodore Ballroom
#YvrRE #vanpoli

Industry urges Cadillac Fairview to build hotel rooms on former Four Seasons site Hotel rooms 'desperately' needed as Vancouver's hotel room rates and occupancy soars in summer and during large events

Hotel industry urges Cadillac Fairview to include a hotel component in what is now set to be a new tower at West Georgia and Howe streets.
#hospitality #YvrRE

Vancouver's former Nordstrom space could linger empty Pension-fund-owned Cadillac Fairview has a track record of taking its time with projects.

It now makes sense that in June Cadillac Fairview told me there could still be a residential component to the former Four Seasons tower.
I was puzzled as renovation work on a hotel seemed to have been done.
Now they want to tear the building down and rebuild.
#Yvrre #hospitality

B.C.'s Ryan Beedie to be inducted to two business halls of fame His rapidly growing real estate business has branched into alternative investments, including gold mining

Congrats to B.C.'s Ryan Beedie, who will be inaugurated into two business halls of fame in 2025: Business Laureates of B.C. Hall of Fame May 5, and Canadian Business Hall of Fame May 22.
At 56, he has no plans to retire as he has many projects on the go.

#yvrre

Daljit Thind: Building blocks Daljit Thind's pharmacist credentials were not recognized when he immigrated to Canada, so he embarked on a career as a developer

Looks like Thind Development’s District Northwest project in Surrey is in receivership, with $85M in debt.
I remember meeting owner Daljit Thind 11 years ago and writing this profile of his life and ambitions.
#yvrre

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