1574-1590 Hunter Street is a residential redevelopment opportunity with proposed plans to build up to ~86,000 sq. ft. Currently improved by four single-family homes, a proposed development application was submitted to construct up to 136 rental homes, in a high-rise using Cross-Laminated Timer construction. Surrounded by high-end amenities and luscious green space, the Site is in proximity to Capilano University—one of the city’s top public post-secondary institutions—as well as within walking distance to a community centre, daycare, and grocery store planned at the future development of Crown Mountain by Fairborne Homes. Through a comprehensive marketing campaign, the opportunity was positioned in the market as a rare opportunity for a purchaser to capitalize on the Site’s ideal location in a transit-oriented, mixed-use community, as well as a proposed unit mix that offers a wide range of housing options for people at all stages of life. There may also be assembly opportunities longer term.
CBRE was ultimately able to successfully transact the asset to a Vancouver-based real estate investment company and developer.