Vancouver real estate: condo in tower under construction sells at Rennie Marketing listing price of $8,250,000

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      Rennie Marketing Systems sold a unit in a downtown Vancouver condo tower under development at its listing price of $8,250,000.

      The yet to be finished property is at The Pacific residential project of the Grosvenor Group.

      The 39-storey condo tower is scheduled to be completed in 2021.

      Rennie Marketing Systems listed the sub-penthouse unit on August 28 for $8,250,000, and a buyer picked it up for that price on September 1.

      A sub-penthouse means the floor below a penthouse, the top level of a building.

      The four-bedroom and four-bath unit at 3802-889 Pacific Street measures 2,683 square feet.

      Its selling price of $8,250,000 represents a value of $3,074.92 per square foot.

      The deal was tracked by real-estate site

      View of Grosvenor Group's 39-storey condo development on Hornby and Pacific streets.

      Vancouver city council approved a rezoning application for the project at Hornby and Pacific streets in February 2017.

      The application to rezone 1380-1382 Hornby Street was received by the city in 2015.

      About a year later, an addition was made to include the neighbouring site at 801 Pacific Street.

      The original proposal for 1380-1382 Hornby Street involved a 39-storey residential tower 212 homes.

      It also included the relocation and preservation of the Leslie House, a heritage building that is believed to be the oldest house in Vancouver.

      Also known as the Yellow House, the Leslie House was part of the celebrated Il Giardino establishment of famed Italian restaurateur Umberto Menghi.

      For 801 Pacific Street, Grosvenor will build a seven-storey cultural facility that will be turned over to the City of Vancouver.

      The Rennie Marketing Systems listing for 308-889 Pacific Street boasts of “sensational” and “panoramic views” of English Bay, Yaletown, and untains.

      The home features vantage points with “North, West, East exposures”.

      “The architecture reflects a desire for quiet sophistication that commands attention without extravagance,” the listing states.