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

Westbank Planning 404 Residential Units on Kingsway Site

Westbank Projects has applied to the City of Vancouver to rezone the Canadian Tire site at 2220 Kingsway from C-2 to CD-1. The proposal is for a mixed-used development consisting of 330,000 SF of residential and 52,000 SF of commercial space. The proposed development includes 404 residential units, with a height of 148 ft., and a total of 561 parking spaces.

Westbank purchased the 2.3 acre site in September 2011 from Manulife Financial for $34,088,000, representing approximately $107 per buildable sq ft.

June 22, 2012by david.taylor@colliers.com
Development

37-storey Central Park Tower Gets Green Light

37-storey Central Park tower gets green light.

A proposed 37-storey apartment tower, with three-storey townhouses, across from Central Park passed second reading at Monday night’s council meeting.

Residents in nearby buildings, including the Parkcrest on Patterson Avenue and The Metropolitan on Olive Avenue, are protesting the move.

Read more: http://www.burnabynow.com/storey+Central+Park+tower+gets+green+light/6810604/story.html#ixzz1yROHEmAa
June 22, 2012by 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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