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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Development

Cressey’s Southeast False Creek Project Approved

Cressey’s new Southeast False Creek project, branded ‘Meccanica’, has been approved for rezoning. The site was previously zoned M-2 Industrial (formerly home to Busters Towing).

The project consists of 170 units in a 12-storey tower and 6-storey podium. Total density is 3.5 FSR. Unit sizes range from 540 to 970 sq ft.

Cressey is taking registrations and sales will launch soon.

This will add to other upcoming inventory in the immediate area including Bastion’s Opsal project, and Onni’s Central in addition to several projects at various stages of construction.

Source: City of Vancouver

July 6, 2011by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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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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