41 W Pender Street

41 W Pender Street
For Sale  $14,250,000.00
Description

41 West Pender Street is located in between Abbott and Carrall Streets in the coveted Crosstown district of Downtown Vancouver, strategically positioned in between the Central Business District, Gastown, Chinatown and Yaletown. The neighbourhood is home to many award-winning restaurants including Calabash Bistro, Chambar, and PiDGiN, along with many international retailers such as COS by H&M, LightForm, Inform Interiors, Herschel Supply Co., Roden Gray and many others. In addition, multiple emerging design firms, high-tech companies, and sub-campuses for educational institutions like Simon Fraser University and Vancouver Film School have established in the area. The subject property is also conveniently situated in close proximity to both the Stadium-Chinatown and Waterfront Skytrain Stations, the SeaBus Terminal, West Coast Express, and several public parkades. This exceptional combination of businesses and amenities makes Crosstown a vibrant and exciting place for school, work and play.

Existing Improvements
The site is currently improved with a 4 storey plus lower level warehouse building, which is a hybrid of concrete, concrete block, steel frame with solid wood joists and concrete topping built in the 1950s. The façade is cast in place concrete, front and back, with composite masonry block firewalls.

Proposed Project
The proposed redevelopment of 41 West Pender Street will be a stylish mixed-use project, which will be an exciting addition to the vibrant Crosstown neighbourhood. The lower level will house a fitness centre, bike storage and storage lockers. There will be a fresh and modern new lobby with passenger elevator, and the main and mezzanine floors will feature retail and restaurant uses. Floors 2 to 4 will feature industrial-style office space and the 5th and 6th floor additions will house 16 modern residential units (market rental).
FSR: 5.5 (proposed)
Gross Building Area: 40,762 SF (proposed)

Proposed Uses
Commercial Retail: 4,772 SF (approx.)
Office: 18,486.50 SF (approx.)
Secured Market Rental Residential: 9,782 SF (approx.)
Plus the lower level will house the fitness centre, bike room and residential storage lockers.

Note 1: All detailed architectural plans and drawings will be included in sale.
Note 2: Artist renderings and pictures shown here inspired the design of the proposed project and are for discussion purposes only.

 
Price Brochure
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Details
  • Address 41 W Pender St.
  • Price $14,250,000.00
  • District Crosstown, Gastown
  • Type Investment, Owner-User, Redevelopment
  • Lot Size 6,000 SF (approx.)
  • Building Size 40,762 SF (proposed)
  • Zoning DD – C2 Sub-Area (Victory Square)
  • PID 006-033-229 & 006-033-199
  • Property Taxes $56,063.41 (2019)
Location Map   
Description

41 West Pender Street is located in between Abbott and Carrall Streets in the coveted Crosstown district of Downtown Vancouver, strategically positioned in between the Central Business District, Gastown, Chinatown and Yaletown. The neighbourhood is home to many award-winning restaurants including Calabash Bistro, Chambar, and PiDGiN, along with many international retailers such as COS by H&M, LightForm, Inform Interiors, Herschel Supply Co., Roden Gray and many others. In addition, multiple emerging design firms, high-tech companies, and sub-campuses for educational institutions like Simon Fraser University and Vancouver Film School have established in the area. The subject property is also conveniently situated in close proximity to both the Stadium-Chinatown and Waterfront Skytrain Stations, the SeaBus Terminal, West Coast Express, and several public parkades. This exceptional combination of businesses and amenities makes Crosstown a vibrant and exciting place for school, work and play.

Existing Improvements
The site is currently improved with a 4 storey plus lower level warehouse building, which is a hybrid of concrete, concrete block, steel frame with solid wood joists and concrete topping built in the 1950s. The façade is cast in place concrete, front and back, with composite masonry block firewalls.

Proposed Project
The proposed redevelopment of 41 West Pender Street will be a stylish mixed-use project, which will be an exciting addition to the vibrant Crosstown neighbourhood. The lower level will house a fitness centre, bike storage and storage lockers. There will be a fresh and modern new lobby with passenger elevator, and the main and mezzanine floors will feature retail and restaurant uses. Floors 2 to 4 will feature industrial-style office space and the 5th and 6th floor additions will house 16 modern residential units (market rental).
FSR: 5.5 (proposed)
Gross Building Area: 40,762 SF (proposed)

Proposed Uses
Commercial Retail: 4,772 SF (approx.)
Office: 18,486.50 SF (approx.)
Secured Market Rental Residential: 9,782 SF (approx.)
Plus the lower level will house the fitness centre, bike room and residential storage lockers.

Note 1: All detailed architectural plans and drawings will be included in sale.
Note 2: Artist renderings and pictures shown here inspired the design of the proposed project and are for discussion purposes only.

 
  • Location 41 W Pender St.
  • Price $14,250,000.00
  • District Crosstown, Gastown
  • Type Investment, Owner-User, Redevelopment
  • Lot Size 6,000 SF (approx.)
  • Building Size 40,762 SF (proposed)
  • Zoning DD – C2 Sub-Area (Victory Square)
  • Legal Description LT 35 & 36 BLK 29 DL 541 PL210
  • PID 006-033-229 & 006-033-199
  • Property Taxes $56,063.41 (2019)
Features
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Agent
  • Name corbel
  • Phone
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  • Email willow@corbelcommercial.com
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