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

Pacific Arbour puts Dunbar Seniors’ Plan on Hold

Developing Story: Pacific Arbour puts Dunbar seniors’ plan on hold.

It could be weeks or months before Pacific Arbour decides whether to submit a revised application to the city for a senior’s facility it hoped to build on property on the east side of the 4600 block of Dunbar Street between 30th and 31st avenues.

Earlier this month, the city rejected its rezoning application to build a six-storey seniors residence south of Stong’s grocery store. City staff cited concerns about affordability and how it fit into the Dunbar Vision Plan, which envisions buildings up to four storeys.

President Peter Gaskill told the Courier Pacific Arbour is not working on a revised application at this time and that, in the company’s opinion, a four-storey building is not financially feasible at current land prices.

Read more: http://www.vancourier.com/news/Killarney+pitches+call+action/7870838/story.html#ixzz2O5n1IUEv
March 20, 2013by 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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