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

Market Spotlight: Marpole Plan – Granville Sub-area

Within the Marpole Community Plan, the City of Vancouver has identified Granville Street, from West 57th down to Marine Drive, as a focal point for densification. This comes after the Granville at 70th project on the old Safeway site is already nearing completion. The Granville “high street” area is mostly commercially zoned, with some residential zoning on the periphery. The City’s concept is to strengthen and enhance the area as a walkable, mixed use neighbourhood centre with a variety of shops, services, restaurants, and a mix of housing.

There a presently few opportunities for development in the area given small lot sizes and high property values.

Highlights for Granville

  • Reinforces the “heart of Marpole” and welcoming place to Vancouver
  • Adds new development and improvements to public spaces to support shops and services
  • Focuses higher buildings (6-12 storeys) and more density on Granville Street
  • Creates strong walking and cycling connections to transit and other key destinations such as school, parks, and the Fraser River

marpole-plan-granville-subareaRead more here: http://vancouver.ca/home-property-development/marpole-community-plan-granville.aspx

November 9, 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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