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Rare, Mount Pleasant Commercial Strata Development 75% Sold Out

(September 13, 2017)

VANCOUVER, British Columbia, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Colliers International is pleased to announce the newest commercial strata development to arrive in Mount Pleasant has broken records and is now 75 percent sold out.  As one of the first commercial strata developments available for sale in the Mount Pleasant area in the past five years, this highly sought-after development has only one floor remaining. Construction of 34 | W7, is now underway, with occupancy planned for the 3rd quarter of 2018.

A rare offering in Vancouver, Chard Developments 34 | W7 presents a unique opportunity for growing businesses to purchase an entire floor in a brand-new building. To date, three of the four floors have been sold to three separate businesses for an average price of close to $10 million per floor. All the buyers have been long-standing, local, Vancouver companies.

?With floorplates ranging from 9,000 up to 14,000 square feet, were seeing growing businesses in various industries purchase within the building, says Dan Jordan, Vice President of Colliers International. ?Were also noticing an increasing number of businesses are opting to purchase in a strata development because often the cost to purchase strata space in a brand-new building is less than a business would face to acquire and renovate an older freestanding building. In many cases, purchasing a strata commercial space can have substantial financial benefits versus leasing a space over the long-term. Not only can businesses grow into these spaces, but operating costs go towards an asset that they own.

Comprised of four-storeys and more than 49,000 square feet, 34 | W7 has been ?built to work, and will provide office space fit to accommodate 300 to 500 employees in total. Each floor includes patio access, open interior layouts and high ceilings that range from 11 to 17 feet with expansive windows that allow for ample, natural light and breathtaking city views. Other noteworthy features include in-building, secured bike storage; secured change rooms and shower facilities; along with plentiful parking. All the comforts of a modern building, with the ability to own your space.

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