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

Towering Concerns Touch Lynn Valley

North Shore Outlook – Towering concerns touch Lynn Valley.

A couple hundred people packed a District of North Vancouver council meeting Monday, as vocal resistance to high-density neighbourhoods in North Vancouver continues.

Proposed Lynn Valley Town Centre

Proposed Lynn Valley Town Centre

Most were there to protest the Lynn Valley Town Centre Implementation Plan, a rigorous public consultation process on the future of new development in Lynn Valley. Attendees told council they felt the consultation plan would merely pay lip-service to residents’ concerns while high-rise development plans for Lynn Valley would go ahead regardless of the public’s wishes.

In actual fact, the implementation plan is just the next step in the district’s Official Community Plan (OCP), a long-term growth management strategy ratified in 2011 after two years of public consultations. That next step, approved unanimously by council Monday, merely directs staff “to undertake an intensive and focused community engagement initiative in early 2013 to seek further feedback to shape and refine the Lynn Valley Town Centre Implementation Plan.”

Read more: http://www.northshoreoutlook.com/news/186176101.html

January 10, 2013by 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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