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

Grosvenor’s 1300-block Development Approved for Ambleside

West Vancouver council voted this evening in favour of Grosvenor’s development for the 1300-block of Marine Drive.

Two new buildings — one six storeys and the other seven — will be built on the Ambleside-area block, which currently houses the West Vancouver police department, an empty lot and a handful of small stores and restaurants. The mixed-use development will have 98 residential units with commercial and office space below.

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Plans show a public atrium and underground parking lot will join the two buildings. “We have evaluated that project from side to side – believe me – to make sure it was the right deal for West Vancouver,” said Mayor Michael Smith, who has made it his mission to revitalize Ambleside so more people are drawn to the waterfront.

Read more: http://www.northshoreoutlook.com/news/234175111.html

December 3, 2013by david.taylor@colliers.com

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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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