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vancouver bc commerical brokerA formal application has been submitted to the city for the rezoning of the former central Canada Post building in downtown Vancouver. The 2.98-acre site comprises a full city block at 349 West Georgia Street. It was bought by bcIMC in 2013 for $159 million.
 
The proposed redevelopment is unique in that it retains the existing heritage building, which was built in 1958, but also adds two residential towers and one office tower above the seven-storey Modernist structure. The three new residential and office skyscrapers are large in scale, reaching 17, 18, and 20 storeys.
 
The planned development will add 799 new homes in the downtown core, consisting of 427 market rental units and 327 condos. The proposal also includes a 49-space childcare facility, six levels of parking, as well as 512,000 sq. ft. of office space and 274,000 sq. ft. of retail space.
 
According to Musson Cattell Mackey Partnership, the architectural firm that submitted the application, this is an opportunity to “reimagine and redefine this part of our city once again, and the Post Office will be key for this evolution.”  
 
To view the application in its entirety, as well as contextual photos, design rationale and building renderings, please click here. Or, for more information on commercial real estate investment opportunities and developments across the Lower Mainland, please contact our Vancouver office to speak with a broker.

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