North Vancouver Earls Site Sells


Under: Development, Land Deals

 

Written by

Written on August 13th, 2014

 
 

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Earls has sold its long-held property on Marine Drive to a development group led by 
Darwin Construction for $20,000,000. The 2.06 acre site is currently built out with the restaurant itself, which Earls has occupied since 1984, and surface parking. No word on redevelopment plans yet, though based on the purchase price, redevelopment is surely on the horizon.

Interestingly, the site straddles two municipalities, with one legal lot located in West Vancouver, and the other located in the District of North Vancouver. The lot on the North Vancouver side is designated for 1.75 FSR.

The site appears to have excellent development potential with recent rezoning approval for two residential towers with 262 units at the Grouse Inn site further down the block at Capilano Road.

Read more:
http://www.vancouvermarket.ca/2014/08/08/earls-tin-palace-site-sells/

 

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