R.I.P. Ronnie Spector

A Big Purchase On The Drive

The modernist extrusion onto the Drive known as 1510 Commercial, presently containing a restaurant, the liquor store, a gym, and offices, has been purchased by Fabric Living for $24,150,000.

Originally built and opened in 1973, the primary tenant was a Toronto-Dominion Bank branch until 1982. It now includes “a 38,000 sq.ft. multi-tenant retail / office building with underground parking” but the company’s literature emphasizes the “future development potential” of this “strategic” corner lot that — redeveloped — would offer “exceptional views of Downtown Vancouver, the North Shore Mountains and the Burrard Inlet” for the expensive suites above retail.

Watch this space.

h/t DB