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

Wesgroup Initiates Rezoning for Marine & Cambie Site

Following two projects (Marine Gateway and MC2) that have largely sold out and moved into the construction phase, Wesgroup is proposing to rezone their site at the Northwest corner of Marine Drive and Cambie Street to permit a high density residential development consisting of:
  • 368 residential units located in a 285 foot, 31-storey high rise tower and a 12-storey tower both sitting above a 2-storey base podium.
  • Ground level commercial space of approx. 15,000 SF located along the Marine Drive and Cambie Street frontages.
  • a separate three storey community amenity facility at the northwest corner. Adjacent to Ash Park, the facility is proposed to contain a 37 space daycare facility and a 4,500 SF community facility, which is anticipated to accommodate a relocated Marpole Oakridge Family Place.
  • 387 underground parking spaces.
  • a total density of 5.60 FSR.

Source: City of Vancouver

June 4, 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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