Located on a prime corner site at the entrance to Lower Lonsdale in North Vancouver, 351 W 3rd Street is a redevelopment site with the potential to build a six-storey multi-family building in an exceptional location. With 39,309 sq. ft. of total permitted buildable area, this opportunity was positioned in the market as a unique chance to develop a transit-oriented rental apartment building near North Vancouver’s vibrant waterfront.
CBRE successfully implemented a full-scale comprehensive marketing strategy that generated significant interest from domestic and international developers. CBRE created a competitive bidding environment that generated several offers. Ultimately, CBRE successfully transacted the Property to a well-known real estate group who is expanding into multi-family development projects.