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

Seylynn Village Project Revised

Seylynn Village, a 5.7 acre site in the Lower Lynn area of North Vancouver that was approved for rezoning in 2009, has been redesigned by the new owners and brought to council on October 15, 2012.

The new plan includes five buildings ranging in height from 3 storeys to 32 storeys. The project includes approximately 10,800 SF of commercial space, 720 market condos and townhouses, 70 affordable rental apartments, and a 2,500 SF child-care facility. The plan also calls for an extension of Keith Road to wrap around the North side of the property, effectively closing of Fern Street.

The previous version of the proposal included fewer towers, more commercial space, and fewer residential units. The new plan allows for more practical phasing of the project.

The developer, Seylynn Properties, has a website which states ‘coming soon‘.

October 18, 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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