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

Towers Proposed for Marine Garden Village Site

Concord Pacific has applied to the City of Vancouver to amend the existing CD-1 Zoning for the Marine Garden Site at 445 Southwest Marine Drive, just east of the rapidly changing intersection of Marine Drive and Cambie. Marine GardensThe proposal includes:

  • two residential towers totaling 514 units in 388,000 sq. ft.: one at 27 storeys (235 ft.), with a 7 storey podium, and one at 21 storeys (185 ft.), with a 6 storey podium;
  • 70 units of affordable housing and a 37 space daycare in a 6.5 storey mid-rise;
  • 411 underground parking spaces; and,
  • a density of 4.27 FSR

Marine Gardens_2This project comes on the heels of Marine Gateway by PCI (415 units) and MC2 by Intracorp (443 units). In addition, Wesgroup owns the site at the Northwest corner of Cambie and Marine which could add another 400 units. In total, this intersection could see close to 2,000 new units in under 5 years…

April 3, 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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