Harrison Street acquires Van. Evolution Block biomed facility • RENX • Real Estate News Exchange

Harrison Street acquires Van. Evolution Block biomed facility • RENX • Real Estate News Exchange
The Harrison Street Canada Alternative Real Estate Fund has acquired its first Canadian life sciences asset, 78,000 square feet of the newly-constructed Evolution Block in Vancouver. (Courtesy Harrison Street)

The Harrison Street Canada Alternative Real Estate Fund has acquired its first Canadian life sciences asset, 78,000 square feet of the newly constructed Evolution Block in Vancouver.

Evolution Block is a four-storey combined commercial and office building at 1055 Vernon St., which was developed by Metro Vancouver-based PC Urban and Nicola Wealth Real Estate. Created as a strata project, the upper three floors involved in this transaction had been acquired by Precision Nanosystems (PNI) for its new global headquarters and manufacturing facility.

Financial details of the acquisition were not released by Harrison Street.

“We’re proud to invest in Evolution Block, which fosters innovation, collaboration and discovery for the life sciences and medical fields in Vancouver, one of the fastest growing

Queen Street businesses exploring new options as looming condo development forces closure

Queen Street businesses exploring new options as looming condo development forces closure

A new condominium project is in the future for downtown Kitchener, forcing businesses in one block of Queen Street to close or relocate.

88 Queen Street will be the home of the new building, which will be created by IN8 Developments. According to IN8’s website, the condo tower is “coming soon to Downtown Kitchener.”

Goldie’s Convenience Wine Bar is one two businesses still operating in the block.

Lindsay Cameron, the owner of Goldie’s, opened the establishment in September 2021.

“The goal was to sell natural wine, which I’m very passionate about, and just very simple, classic, well-made cocktails in a unique space that’s pretty and a little bit more feminine than most spaces would be in town,” Cameron said.

It took a long time to create the perfect setting in the rented unit.

“We built out everything – the bar, the kitchen area, the extra bathroom. The inspiration is

‘Absolutely fantastic’ condo, commercial development approved for Ferry Street ‘eye-sore’

‘Absolutely fantastic’ condo, commercial development approved for Ferry Street ‘eye-sore’

An “eye-sore” property on Ferry Street will be home of an eight-storey, 77-unit condominium and three-unit commercial development after Niagara Falls city council granted zoning amendment approvals Tuesday.

“I just want to say what a great development,” said Coun. Ruth-Ann Nieuwesteeg. “That has been an eye-sore for, oh gosh, 20 years, so it looks absolutely fantastic.”

An architect for the applicant, Niagara Midtown Bowling Ltd., said the development is proposed for a “great location” “left undeveloped for many years.”

“There is a big need for residential units in Niagara Falls,” said Giuseppe Colosimo. “It is an enhancement for the community. The only thing it’s going to add is value to the adjacent properties. It’s going to be a super exciting project — a world-class project, from both design and construction methodology.”

The vacant property is on the north side of Ferry Street, between Temperance and Gladstone avenues.

City planner Alexa