- What A parcel in the heart of downtown Vancouver has been listed
- Why Flexible zoning opens up possibilities for the property
- What next Marketing materials tout it as “ideal” for retail and mixed-use developments
A development site in the heart of downtown Vancouver has been listed for $16.8M, Green Street News can reveal.
The property at 852 and 872 Seymour Street spans more than 7,000 sq ft. The site houses a one-storey retail space and a two-storey building with office space — both of which are boarded up. Macdonald Commercial has the marketing assignment.
The owner is development company Bene Group, which had planned to redevelop the site into an office building.
Marketing materials note the plot’s proximity to the central business district, entertainment district and transit. It has 62 ft of frontage on bustling Seymour Street and is about 400 m from the Vancouver City Centre SkyTrain station.
The location’s flexible zoning makes the property “ideal” for retail and mixed-use developments, according to the sales campaign, which also highlighted the high foot traffic in the area.
