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

Proposed 46-storey Brentwood Tower in Limbo

Proposed 46-storey tower in limbo.

A proposal for what could potentially be one of Burnaby’s tallest towers – standing at 46-storeys – was withdrawn at a recent public hearing held in council’s chambers.

On March 19, three rezonings were up for public input, except for the highrise proposed for Gilmore Ave. with a three-storey townhouse podium facing Halifax Street and a two-storey residential amenity podium that included a rooftop swimming pool.

Coun. Colleen Jordan, who attended the public hearing, said she could not comment on why the proposed tower was withdrawn.

Now the proposal is in limbo – it will either go to a future public hearing with changes or not go ahead at all. The site’s developer is Millenium Development, which has also developed 10 other highrises in the city, including Mayfair Place, Belvedere and One University Crescent in the SFU community.

Read more: http://www.burnabynow.com/news/Ukrainian+group+targets+member+again/8157576/story.html#ixzz2Oqhk6HV8
March 28, 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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