If you’re in charge of 6.6 acreage in the affection of city Vancouver, you’re in luck, and could be the abutting buyer of the acreage beneath St. Paul’s Hospital.
The vice-chairman of absolute acreage allowance CBRE’s National Investment Team, Tony Quattrin, accepted the armpit is clearly for sale.
A business brochure, beatific to CTV News by CBRE, calls it a “once-in-a-generation” opportunity, and the city’s better “contiguous development site” in the accomplished 13 years.
“In the accustomed advance of business, to accumulate an equivalent-sized bindle of acreage in city Vancouver could potentially booty decades,” Quattrin wrote in the brochure, “But the auction of the St. Paul’s Hospital will acquiesce the new buyer to do so in a distinct transaction.”
Quattrin could not affirm whether the arena had a deadline, anchored or otherwise, for the property’s sale.
“We’re attractive at demography bids in the abutting ages for our aboriginal annular of bids,” he said over the phone, “and depending on how those bids look, we’ll go from there.”
There is no listed amount for the 290,000 aboveboard bottom armpit online or in the CBRE brochure, about Keith MacLean-Talbot with BC Assessment says the amount of the acreage and anatomy is account hundreds of millions of dollars.
“The absolute amount of the acreage including the architecture is $784,054,000,” said MacLean-Talbot.
The advertisement appropriate the activity is “likely to affection an chip and acceptable retail village” to serve the southern breadth of the city core, as able-bodied as association of the West End.
Quattrin told CTV News the ambition is that all of the gain of the auction will go appear the new hospital, which has a planned aperture date of 2026.
The arena appear in February that a business plan for a new hospital, ahead on authority for 12 years, would be affective forward.
Premier John Horgan said antecedent bigoted governments had accepted the old hospital was not structurally complete abundant to bear an earthquake.
The new armpit of St. Paul’s Hospital is planned for False Creek Flats, an 18.2 aboveboard kilometre breadth in the Strathcona neighbourhood of East Vancouver.
The government says St. Paul’s will abide a teaching hospital, and alternation hundreds of University of British Columbia medical acceptance and added health-sector professionals.
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