Westbank plans strata
Westbank Corp. plans to announce a new strata office development in downtown Vancouver. It recently won approval from the city for a 24-storey tower at 400 West Georgia Street with 353,000 square feet of office space and is planning to redevelop the Creative Energy plant at 720 Beatty Street with a mix of residential units and 18 storeys of office space.
Westbank leasing executive Roz McQueen disclosed the strata plan as panellists at commercial real estate association NAIOP discussed the role of strata projects in raising expectations of what downtown land is worth.
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