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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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

Regent International Proposing 70 Units at King Edward & Cambie

Regent International has applied to the City of Vancouver to rezone 563-571 West King Edward Avenue from RS-5 to CD-1. Regent had acquired the assembly of single family lots earlier in 2013563-571 King Edward. The property falls within the Cambie Corridor Plan.

 

The proposal is for a six-storey building and four townhouses, with:

    • a total of 70 condo units;
    • a floor area of 52,142 SF
    • a density of 2.43 FSR
    • a building height 70 ft
    • 44 underground parking spaces, including two car share spaces.

More information here.

August 27, 2013by david.taylor@colliers.com
Development

Rezoning Proposed for Stongs on Dunbar

The owners of the Stongs property at 4508-4560 Dunbar Street have applied to the City of Vancouver to rezone the property, and an adjacent single family lot from C-2 and RS-5 and to CD. Stongs Dunbar

The proposed project includes:

    • on the Dunbar Street site, a 6-storey mixed use building with new Stongs (20,124 SF) and two smaller commercial units on the first level and 72 condo units (74,935 SF) above the store.
    • on the West 30th Avenue property, 11 3-storey townhouses (12,579 SF)
    • a public plaza at the northeast corner of Dunbar Street and West 30th Avenue;
    • a combined density of 2.51FSR
    • 234 vehicle parking spaces, three loading spaces and 111 class A bicycle spaces (each site includes two levels of underground parking).

More information here.

August 27, 2013by david.taylor@colliers.com
Retail

Guildford Town Centre’s $280-million Reno

Guildford Town Centre’s $280-million renovation driven by bid for young shoppers.

METRO VANCOUVER — The kids have wallets, and they don’t want to wait. As Surrey’s Guildford Town Centre unveils a $280-million expansion this week — with 70 new stores and a 1,034-seat food court — general manager Peggy White says that online shopping does not pose a real threat to modern shopping centres like hers.

When fashion-conscious 15- to 25-year olds go shopping, “they want to take (their purchase) home and wear it that night. Sometimes they wear it right out of the store,” White said.

Guildford owner/developer Ivanhoe Cambridge has assembled a sparkling new mix of stores — including Forever 21 (at 23,000 square feet), H&M (25,000 square feet), Victoria’s Secret, Sephora, Aritzia, The Lego Store and Disney Store — to woo young shoppers back from the glitter of downtown Vancouver’s Robson Street and Burnaby’s Metrotown.

The expansion increases retail space to 1.2 million square feet from 980,000, and includes a facelift for the existing mall, with waterfalls, soft seating, a much larger food court, and a giant 10,000-plant living wall that covers a connector straddling 104th Ave.

Read more: http://www.vancouversun.com/Guildford+Town+Centre+million+renovation+driven+young+shoppers/8836516/story.html#ixzz2dBCHZdju
August 27, 2013by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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