Monday, January 23, 2017

Forty-Degrees Short of a Panorama

“It had nothing to do with the name,” said Vancouver businessman Gary Averbach of his Trump tower purchase. He is moving into one of the more luxurious units (technically, it’s the equivalent of two in size) on one of the highest floors this weekend. “It was the building itself. When I saw the original plans, Trump hadn’t declared his candidacy. I loved (the idea) of looking at my beautiful city. The view is unbelievable; 320 degrees."

Assessed at $8,947,000, Averbach’s suite is one of the most valuable of any in the tower, below the penthouses. Averbach, who is the CEO of Belmont Properties, which manages 27 rental buildings in B.C., had already been living downtown at the Wall Centre for more than two years. “I made the purchase because I knew that even if I didn’t like it, I had a salable product.”

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