- What Wesbild and KingSett have completed the first building of their Vancouver industrial strata project
- Why Most of the units in the first phase have sold
- What next The second building is expected to be completed in mid-March
Wesbild and KingSett Capital have sold nearly all of the industrial strata units in the first phase of their Marine Landing project on Vancouver’s south side.
The first of two 170,000 sq ft, six-storey buildings is complete, and 102 businesses will take possession of their spaces starting this month. The second building is expected to be completed by mid-March.
Marine Landing, at 8188 and 8250 Manitoba Street, will be Canada’s largest twin-stacked industrial strata, with 242 light-industrial and office units. The top two levels are designated for office use, with the lower levels housing the light-industrial space. Units range from 600 to 34,000 sq ft.
Prices for office space starts at $589,900, with industrial spaces at $519,000.
Sales at Marine Landing in the fourth quarter are up 30% compared with a year ago, due in part to falling interest rates, the companies said.
The development has freight elevators, a full level of underground parking, a rooftop deck, a gym and a dog park.
