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

More from Real Estate

British Columbians increasingly think they will leave province

Insights West poll shows 78% think they will stay in B.C. forever; down from 84% in 2014

Read Article

Repercussions from B.C.'s new 15% real estate tax feared

Industry derides unfairness of finance ministry being unwilling to grandfather already-signed deals

Read Article

Editorial: Housing affordability strangulation by regulation

Read Article

Rezoning is increasing land speculation, reducing affordability

Read Article

Industry critical of new B.C. tax on foreigners buying homes

The new 15% tax kicks in on August 2 for those not citizens or permanent residents

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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