Rare, Mount Pleasant Commercial Strata Development 75% Sold Out

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 Development’s 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, we’re seeing growing businesses in various industries purchase within the building,” says Dan Jordan, Vice President of Colliers International. “We’re 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.

Centrally located in the heart of Mount Pleasant, 34 | W7 is within close proximity to downtown Vancouver, False Creek, and Granville Island. It is also ideally located steps away from transit, bikeways, and an abundance of amenities important to a younger workforce.

For more information regarding Colliers International, please visit the website at http://www.collierscanada.com/en/offices/vancouver.

About Colliers International Group

Colliers International Group Inc. is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news from Colliers International in Canada, follow @collierscanada on Twitter and Colliers International Canada on LinkedIn.

CONTACT: For further information, please contact:

Maxine Jakubke
Talk Shop Media 
Phone: 604-738-2220
Email: maxine@talkshopmedia.com