Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Market Research

Ambleside Village Centre Revitalization Plan Taking Shape

The District of West Vancouver is currently in the public consultation process of a plan to revitalize the centre of the municipality, centred around the Ambleside area.

Objectives of the plan include the following:

  • Revitalize Ambleside through the development of the 1300 Block;
  • Relocate the inadequate police station from the 1300 Block and the Fire Hall on 16th Street and Fulton Avenue to a new integrated police and fire post-disaster facility on the Municipal Hall property; thereby, allowing the 1300 Block and the Fire Hall site to be developed to their full potential;
  • Enliven the Municipal Hall area and enhance streetscapes through place-making and the development of municipally owned lands with housing; and
  • Generate sufficient revenues from the sale or lease of the municipally owned lands in the 1300 Block and in the Municipal Hall area to pay for the Public Safety Building
  • with surplus funds applied to the Endowment Fund or public amenities.

In 2011, West Vancouver Council have held several meetings and information sessions, with the budget for the study approved June 6, 2011. It is expected that the plan will conclude some time in 2012.

Further information can be obtained at the District of West Vancouver’s website for the plan.

Source: City of West Vancouver

July 5, 2011by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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