298 E. 11th Ave., Vancouver, BC, V5T 0A2 No of Levels: 8, No of Suites: 81, Estimated Completion: , Year Built: 2008 MAP 5 - Mount Pleasant Area Bldg # 189
BUILDING WEBSITE Sophia at 298 E 11th Avenue, Vancouver, BC, V5T 0A2, Mount Pleasant Neighborhood,81 suites, 8 levels, estimated completion Summer 2008. This website contains: current building MLS listings & MLS sale info, building floor plans & strata plans, pictures of lobby & common area, developer, strata & concierge contact info, interactive 3D & Google location Maps link www.6717000.com/maps with downtown intersection virtual tours, downtown listing assignment lists of buildings under construction & aerial/satellite pictures of this building. For more info, click the side bar of this page or use the search feature in the top right hand corner of any page. Building map location; Building #189-Map 5, Mount Pleasant Area.
The developer went bankrupt in January 2008, the construction is continuing under a receiver. For further information please contact; Doug Chivers, Bowra Group - Receiver for H & H, 1930 - 1095 West Pender St. Vancouver, BC V6E 2M6 (604) 608-6243 (off) (604) 689-8584 (fax) dchivers@bowragroup.com Website: www.bowragroup.com Residence size: 1 bedroom, from 557 sq.ft.; 2 bedrooms, from 910 sq.ft.; townhouses, from 1,180 sq.ft.
On February 18, 2008,
The Bowra Group Inc. was appointed Receiver of the undertakings and properties
of 0722051 Ltd (also known as The Sophia Project) under a Court Order from the
Supreme Court of BC. A copy of the Court Order is attached below. Sophia
Court Order (588 KB)
The Sophia Project is
an 81 unit condominium development located in Vancouver.
The Receiver is required
to perform a viability assessment on the Project, which is to be provided to Court
by March 10, 2008. This viability assessment will include:
a) The status of the
construction;
b) The cost to complete the construction of the building;
c) A determination of the current market value of each of the 81 units;
d) A risk assessment for stakeholders of the various alternatives including:
The completion of the
construction of the building and the closing of pre-sale contracts for the purchase
of units in the building;
The completion of the construction of the building and the sale of units in the
building at current market prices;
The sale of the building on an “as is, where is” basis to a third
party; and,
Recommendations to the Court with respect to the maximization of returns to stakeholders.
For further information please contact Doug Chivers at (604) 608-6243 or email
dchivers@bowragroup.com
Report to Court
As required by the Court
Order dated February 18, 2008, the Receiver has submitted its Report to Court.
A copy of this Report is attached below:
