Humboldt Valley office building acquired by Reliance Properties
At 780 Blanshard Street sits a beautiful art deco building built in 1940. The building has been largely vacant for many years as the provincial government ministry of natural resources tenant completes its move to Jawl’s Capital Park office building by mid 2020.
It was designed by Henry Whittaker (1885-1971), who was the Chief Architect for the Province of British Columbia between 1919-1949. The building was originally intended as a hospital but its first use was as the headquarters for the B.C. Power Commission.
In September 2019 the building transacted for $14,600,000 to Reliance Properties of Vancouver. Principal John Stovell mentioned residential, Office, or Hotel are all options to rejuvenate this property. Perched on the hill of Humboldt Valley hotel and tourisim district, this property has opportunity to reach heights up to 120′ and is planned to feature a multi-storey addition. Example below:
Erin Glazier of Colliers International’s facilitated the off-market sale between the purchaser Reliance Properties and the vendor Robert Kimpton.
For financing information contact me.
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