Nicola Wealth Proposing Twin Rental Towers In Mount Pleasant

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Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24

​The subject site of Nicola Wealth Real Estate's proposal, 2111 Main Street, was formerly occupied by the City Centre Motor Hotel.The site was formerly occupied by the City Centre Motor Hotel, which was originally constructed in 1954 and then converted into the City Centre Artist Lodge as a temporary use after Nicola Wealth Real Estate acquired the property, which is legally owned under 1333265 BC Ltd., according to land title records.

The taller North Tower would house a total of 230 units, consisting of 41 studio units, 99 one-bedroom units, 60 two-bedroom units, and 30 three-bedroom units. A total of 197 vehicle parking spaces and 1,065 bicycle parking spaces will be provided in a four-level underground parkade.MCMP Architects After the City of Vancouver published the rezoning application on Monday, the Q&A period for the proposal is set to run from Wednesday, July 3 to Tuesday, July 16.Under ConstructionThe feds made their first major move on the capital gains tax front today and the implications for recreational property owners could have a sizeable impact for some.

 

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