Pier 32
Vancouver, British Columbia


This 18,000 sq. ft. waterfront restaurant and office building was renovated from an old wire rope warehouse as part of the Granville Island rehabilitation project in Vancouver's False Creek district. An affiliate of the Granisle group acted as General Partner in assembling the equity capital for acquisition and development, and supervised the construction.

Tourigny Hall & Associates, Ltd., commercial realtors, an affiliate of the Granisle Group, maintained their offices on the third floor of the building from 1976 to 1988 and had responsibility for leasing and property management on behalf of the partnership. The property was sold in 1988 as a result of which the investors realized a return on invested capital, including prior distributions, of approximately 23% per annum during the holding period.