According to the Vancouver Sun, Canada Post’s downtown Vancouver office building has been sold to large Canadian institutional investor bcIMC for around $130-million.
The building, at 349 West Georgia Street, occupies an entire block between Georgia, Dunsmuir, Homer and Hamilton.
The post office will move to a new, 700,000 sq. ft. facility in Richmond that is currently under construction.
No word yet as to what will become of the building. Rumours being thrown around include a City Target, Walmart and even a City IKEA, but those are just rumours right now.
Image Source: Landauer, Barbara