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

White Rock Gives Narrow Go-ahead to 12-storey Vidal Project

A controversial highrise proposed for Vidal Street is going ahead, following narrow approval by White Rock council Monday.

Zoning and Official Community Plan amendments that facilitate construction of the 12-storey project received final reading on 4-3 votes, with Mayor Wayne Baldwin and Couns. Al Campbell and Helen Fathers opposed.

Fathers said she couldn’t support the amendments after hearing from residents that the project is “too much, too dense, they don’t like it.” “I don’t believe this is the right time for it,” she said.

The project, proposed for 1467-1519 Vidal St., includes 12 townhouse units and 97 apartments, underground parking and public green space.

Read more: http://www.peacearchnews.com/news/230899631.html

November 7, 2013by david.taylor@colliers.com
Development, Office, Retail

Richmond Mulls Trade Centre Project

The so-called International Trade Centre at Versante could bring 214,008 square feet of new commercial, hotel and office space to North Richmond, according to a report presented Tuesday at city hall.

Marketed as “Richmond’s next epicentre of business,” the proposed development consists of three towers—nine, 12 and 14 storeys—and a common five-storey podium. Included in the project is a 110-room hotel.

The proposal comes from Hotel Versante Ltd., which is seeking to rezone a 0.7-hectare (1.6-acre) triangular site at 8451 Bridgeport Rd. to build it. City council’s planning committee considered the project this week, 14 years after council approved a previous rezoning application that’s now being abandoned.

The site is located in Bridgeport Village, near the Airport Connector Bridge and next to Duck Island, where a multi-phase development of retail, entertainment, office, hotel and conference uses is in the early planning stages.

Read more: http://www.richmondreview.com/business/230718231.html

November 7, 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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