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

Mayor Says Grandview-Woodland Plan Could be ‘Delayed Significantly’

When it comes to controversial neighbourhood plans, especially in Grandview-Woodlands, Vancouver Mayor Gregor Robertson says the city has shifted gears to listen to the public.

“Certainly with Grandview-Woodland and Marpole, I’ve said clearly we’re not going forward with the current timeline,” Robertson said to reporters at a Wednesday launch event for the city’s online public engagement tool, Talk Vancouver.

City council is expected to decide on Sept. 25 whether to extend the community plan, along with three other community plans underway in Marpole, the West End and the Downtown Eastside.

“I think we’ll see Grandview-Woodland delayed significantly and a lot more work, back to the drawing board, to make sure that voices are heard and that we shape the plan for the long-term of that neighbourhood as best as possible,” Robertson said.

Read more: http://metronews.ca/news/vancouver/792663/vancouver-mayor-says-grandview-woodland-plan-could-be-delayed-significantly/

September 12, 2013by david.taylor@colliers.com
Development, Office

Great West Life Proposing 32-Storey Office Tower on Seymour

Great West Life has applied to the City of Vancouver to rezone a parkade at 753 Seymour Street (next to Vancouver Centre) for an office tower.

753 Seymour

The proposal would allow for a 32-storey building with:

  • 336,186 SF of office space with ground floor retail space
  • 4 levels of above grade parking and six levels of underground parking
  • a total density of 15 FSR (after inclusion of the existing buildings)
  • a total height of 403.5 ft

753 SeymourMore information here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/753seymour/index.htm

September 12, 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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