(Posted on Jun 8, 2016 at 06:58PM by Michelle Bogle)
Investors looking to break into Squamish’s growing market, take note!
The Hotel Squamish with liquor store and restaurant is available as an exclusive hospitality offering in the heart of the downtown area.
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Located at 37991 Second Avenue, this property offers a limited service 24-room hotel, a fully licensed 3,000 sq. ft. retail liquor store and a newly leased upscale restaurant business.
The land and zoning also offers future redevelopment potential for up to six stories of hotel, commercial or residential opportunities.Â
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Listed at $4,600,000, this property offers exciting growth potential, especially since the town is amidst a renaissance. Its midway location between Vancouver and Whistler, with convenient access from the improved Sea-to-Sky highway, make it a great investment.Â
As the town and surrounding areas continue to grow, tourism, industry and residential pressure will continue to increase demand within Squamish. Currently, Whistler Blackcomb is undergoing a massive $345 million modernization and the Woodfibre $1.6-billion liquefied natural gas plant also received the Ministry of Environment’s official go ahead.Â
This property represents a great opportunity for investors to enter the market as Squamish is poised for expansion.
For more information on this exclusive listing or to stay abreast of commercial real estate activity in Squamish, please contact David C. Fox, our Sea-to-Sky Corridor expert, for details.
(Posted on Jun 3, 2016 at 04:00PM by Michelle Bogle)
Marcus & Millichap was recently featured in the May issue of Real Estate Forum magazine with the cover article titled “Marcus & Millichap Turns 45 With Renewed Energyâ€.Â
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The five-page article takes a closer look at the history of our company and looks ahead to the future with Hessam Nadji as the new President and Chief Executive Officer. Mr. Nadji’s appointment took effect earlier this spring.Â
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Despite the new leadership, one very important guiding principle remains for our company and that’s putting our clients’ best interests first – a principle that has been with Marcus & Millichap since establishing in 1971 by our founders and co-chairmen George Marcus and William Millichap. The article delves into this and much more.
(Posted on May 30, 2016 at 04:54PM by Michelle Bogle)
With the cost of building parking spaces close to $50,000 per stall, commercial property developers in the Metro Vancouver Area are working closely with designers and retailers to meet business needs, while extracting the most efficient use from parking areas.
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In fact, while many planners require a set number of stalls per 1,000 square feet of commercial space, some projects are finding ways to make fewer stalls work harder for both commercial developers and retail tenants.Â
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How? Quality over quantity.
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In the world of commercial parking, more stalls does not always equate more money or a better parking experience. Instead, functionality and aesthetics are now a top priority.Â
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Dim, dankparkades of the past are being replaced with brighter, more colourful lots that impart a feeling of security, function and ease. Visitors benefit from efficient, well-designed layouts that are easier to navigate and allow quicker access to retailers and other commercial tenants.Â
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Many new developments are also including wider stalls that are easier to get in and out of and offer more space between vehicles, decreasing the rate of door dings and scratches. It makes for a much more pleasant experience and encourages use.
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Many developers are also able to decrease the number of stalls per 1,000 square feet of commercial space through careful planning. Often a mixed-use project includes complementary uses that let developers negotiate a lower parking allotment than might otherwise be possible. Transit-oriented projects also need fewer spots since many visitors arrive by foot.Â
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In situations where day-use office space is built with predominantly night-use venues, like cinemas, developers are also able to reduce stalls by accounting for the sharing of spots from day versus night.
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It’s a shift in Vancouver’s commercial real estate development industry that is focused on convenience, ease and speed for the end-user. To learn more about this trend, please contact our office to speak with an associate.