A West End city block is about to be sold for nearly twice the price paid for it less than two years ago.

The Vancouver Sun has reported that Alberta Street Nominee Ltd. is "under contract to sell" two mid-rise office buildings and one high-rise apartment tower to Asia Standard International Group and Landa Global Properties.

In the spring of 2014, developer Peter Wall's company bought the 1400 block of Alberni Street for $83.5 million. Broughton Tower, a 20-storey apartment block on the site, was built around 1970.

According to the Colliers International website, listing agent Simon Lim negotiated the 2014 sale for a land area of 43,282 square feet. The building area is 91,000 square feet.

"With the City of Vancouver’s adoption of the new West End Community Plan in November 2013, new developments in this area are designated for a maximum height of 500 feet," the real-estate company stated at the time. "The primary challenge in the sale was finding a sophisticated purchaser that understood the latent land value and development potential." 

During the 2014 election campaign, Coalition of Progressive Electors mayoral candidate Meena Wong held a news conference outside the property to raise her concerns about renovictions.