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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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

Project Spotlight – Milltown Marina Project in Marpole

Bastion Development Corporation in conjunction with the Musqueam Indian Band are constructing a 9,000 linear foot marina at the foot of Granville Street in between Vancouver and Richmond.  The project will have in-water moorage for 226 recreational boats and dry-stack storage for 190 boats. There will also be a service shop, cafe and 228 stall parking lot.  The project also includes a new observation deck, wildlife habitat created from the by-product of site dredging, cycling and jogging trails.

Bastion Marina

Visit http://milltownmarina.com/index.html for more information.

March 19, 2013by david.taylor@colliers.com
Development, Market Research

City of North Van Working on Potential OCP Changes

The City of North Vancouver is currently in the public input stage of their CityShaping initiative, which is a 6-step process that will culminate in the revision of the Official Community Plan to accomodate growth over the next 20-30 years. The City expects to draft an amended OCP sometime in the summer, with adoption by the end of 2013. This comes at an interesting time for the City in the wake of the contentious Onni rezoning at Lonsdale and 13th Ave, which was approved by a slim margin last week.

Potential Growth Areas

Source: City of North Vancouver

What are the potential changes? City staff are proposing a number of land use change scenarios that would impact specific areas. Overall the City is expecting an additional 8,000 units built by 2041. Here are few areas being contemplated for increased density:

  • Central Lonsdale Town Centre – Potential changes would consider the area encompassing the 100 & 200 blocks east and west of Lonsdale from 13th Street to the Highway, the addition of up to 350,000 square feet of primarily residential development Harry Jerome precinct, the maintenance of the Town Centre Land Use designation (13th Street to 17th Street) , with provisions to increase this with density bonuses; an increase to the permissible density in the Urban Corridor Land Use designation, and the creation of a new land use designation on Lonsdale north from 17th Street to Highway #1.
  • East Third Street – Apartment and/or townhouse developments could be appropriate for some locations. A number of property owners in this area have approached the City to discuss density changes in light of the anticipated reconstruction of Low Level Road and the proposed expansion of the Richardson International grain terminal. The changes also include potential increase in permissible density along the East Third Street frontages, and an area bounded by Low Level Road St, Patrick’s Avenue, 2nd Street, and St. David’s Avenue, Moody Avenue.
  • Mahon Park Node  – an area south and east of Mahon Park could be considered accommodate townhouses, or medium density housing catering to families; it is currently single family.

Other points of discussion include increasing density in the Lions Gate Hospital Precinct, gently densifying areas currently designated R1, and not changing densities in the Lower Lonsdale area.

March 19, 2013by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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