Ironworks mixed-use strata project sells fast in East Vancouver

April 10, 2017 4:56 pm

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Developer Conwest left money on the table but company COO Ben Taddei has few regrets about the risk taken with the $14.5 million purchase of an old industrial site in East Vancouver three years ago.

In February, as city and company officials symbolically broke ground on the mixed-use Ironworks project, half of the floor space had already sold at between $330 and $600 per square foot and Conwest was beating investors off with a stick.

The site, at 200 Victoria Drive just north of East Hastings Street, falls under a 2009 spot zoning initiative of the City of Vancouver that provides higher density for job-generating projects in East Vancouver.

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