City of Vancouver Councillor Sarah Kirby-Yung has proposed closing select streets in downtown Vancouver, including the Granville Entertainment District, to vehicle traffic in order to help revitalize areas hard-hit by COVID.
Kirby-Yung’s ideas also include expanding patio spaces for businesses, bringing in live music, and allowing farmer’s markets and craft markets to set up shop.
The prospect of a revitalized Granville Entertainment District has piqued the interest of many—locals and investors alike.
For Vancouverites without deep pockets looking to invest in the future of Granville, they have an accessible option starting today, thanks to Vancouver proptech startup addy.
Addy has launched its newest real estate investment opportunity and this time around it is a building on Granville Street that includes strata-titled apartments and commercial units.
The Lex is a mixed-use building with 45 residential and 2 retail units (a Subway restaurant and a nail salon) located on the 1200 block of Granville Street.
Addy is offering 600,000 units in the property valued at $1 each to enable B.C. residents to get a foothold into real estate investing. The smallest investment amount available is $1 and the maximum is $1,500. Units will be available for purchase until the offering sells out.
Addy’s property purchase decisions are made collectively by its executive team, investment committee, and Board of Directors. Once identified, the property is broken out into investment increments valued at $1. For example, a $1 million property is divided up into one million shares; and shares in the property will be available to qualified members on addy’s platform.
To learn more about addy, become a member of addy’s network, and invest in real estate, visit addyinvest.com.