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

Port Moody Meeting Tackles OCP Density, Waterfront Issues

There was standing room only at Inlet Theatre Wednesday as more than 300 people flooded Port Moody council chambers to throw bouquets and brickbats to council for the city’s draft official community plan.

Dozens called for the preservation of the ocean waterfront instead of towers while others lauded higher density proposed along the Evergreen Line route. Several people suggested the city purchase the Mill and Timber site — currently an operating mill with about 80 employees — and use it for park space.

“We will lose what we value most, namely the small-town feel, charm and ambiance,” said Reiner Specht, who has formed an ad-hoc group called Port Moody Citizens’ Coalition to oppose the OCP changes. “A lot of people don’t want skyscrapers,” said Ron Simpson. “Let’s see growth on a human scale.”

Rod MacVicar, the city’s 2012 environment award winner for his work promoting marine research on the inlet, said the city could get a good deal if it bought the Mill and Timber property. “We are losing an opportunity to pick up this site and do something with it,” he said.

Others said the city will benefit from higher density because it would preserve greenspace while adding more services close to people’s homes.

Read more: http://www.tricitynews.com/news/233777201.html

November 29, 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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