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

Murray Hotel Development Moves One Step Closer

Kenstone Properties proposed new project at 1155 Hornby Street in Downtown Vancouver will likely move one step forward next week at public hearing.

Kenstone is seeking approval for a 20-storey tower which has been approved pending heritage designation of the Murray Hotel building, located at 1119 Hornby as a protected heritage property to complete the incentive and compensation package for the development next door. The hotel is listed as class ‘B’ on the Vancouver Heritage Register.

The total proposed density is 6.09 FSR. The site had been sold in 2007.

Murray Hotel

July 4, 2013by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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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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