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.
  • About
  • Listings & Sales
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Development

City Backtracks on Towers at Broadway and Commercial

It appears as though there has been heavy public opposition to the idea of towers near Broadway and Commercial as proposed in the recently presented Grandview Woodlands Community Plan.

The preliminary plan, presented at open houses last month suggested a dozen tower sites of 22-36 storeys within a 5-minute walk of the Commercial/Main Skytrain Station.

Grandview Woodlands Plan

Here is an excerpt from a recent planner update:

“We are still in the process of gathering input on all aspects of our Emerging Directions work – and many of you have already taken the time to share your feedback on the DRAFT policies.That being said, we have heard clearly from the community that there is serious concern about the extent and height of tower building forms in the vicinity of the station area. In light of this, I wanted to let you know that we will not be proceeding with the proposal as presented in the sub-area policy for Broadway and Commercial.

While we’ve heard support through the planning process for additional density in the Broadway & Commercial area, we know that community members would like to see options of building forms explored that are different than the concentration of tall towers proposed in June.”

Source: City of Vancouver

July 5, 2013by david.taylor@colliers.com

Search the Site

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved