Description

C&W is pleased to present for sale on behalf of MNP Ltd. (the "Monitor") a 100% freehold interest in 2511 Spruce Street, Vancouver, BC. The Property is entitled for 38 condo units across 45,723 sf of gross buildable area including 8,183 sf of complementary commercial area. Construction of the Project is approx. 75% complete with all framing and formwork poured for nine of ten storeys. Additionally, there is potential cost savings through the acquisition of interior finishings inventory on-site and in storage. The Project presents a unique turnkey development proposition with the highest-risk component of construction completed. Nearly 50% of the Projects hard costs including 85% of all concrete work has been completed along with 85% of all soft costs. All interested parties should contact the listing agents for access to the data room and further due diligence items upon execution of a non-disclosure agreement.

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