Bosa set to launch sales for renovated Yaletown building

Bosa Development Corp. is preparing to launch sales in the next week for its renovated, 21-year-old Pacific Point building at 1323 Homer Street, near Drake ...

Pacific Point building

Bosa Development Corp. is preparing to launch sales in the next week for its renovated, 21-year-old Pacific Point building at 1323 Homer Street, near Drake Street.

Bosa bought the 214-unit, 28-storey building last year for approximately $80 million, president Nat Bosa told Business in Vancouver February 18.

"I'm spending a helluva lot to remodel," Bosa said. "The bones of the building were good but otherwise, we've changed everything – from scraping the ceilings to make them smooth, changing all the kitchens, floors heaters, sprinkler system and water pipes."

The project was built at a time when there were plenty of condominiums on the Vancouver market, so the building's owner operated the site as a rental building, despite being stratified so each unit could be legally sold.

Unit prices will start at slightly more than $300,000 and range up to about $2 million, Bosa said.

"We don't have our disclosure statement yet," Bosa said. "We'll go to market in the next week or two."

gkorstrom@biv.com

@GlenKorstrom

comments powered by Disqus

Also Read

More From Real Estate

Land accounted for nearly half the value of all commercial property sales in the Lower Mainland through the second quarter of this year 

Read Article

Each of the three penthouses atop the Trump International Hotel and Tower in downtown Vancouver will be priced from...

Read Article

Coquitlam exceeded 2013 total in first nine months of 2014 while Burnaby remains far below 2013 total

Read Article

Provincial B.C. Multiple Listing Service (MLS) sales growth decelerated in September, but activity firmed for...

Read Article

“New investment is focused on nodes that will be serviced by future light rail transit,” reports CBRE Ltd. in...

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×