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

City Reviewing Future of Oakridge Transit Centre Site

The City of Vancouver is proposing a program to create a Policy Statement to guide redevelopment of the Oakridge Transit Centre, a 13.8 acre site owned by Translink and located at 949 West 41st Avenue.
OTC
The Policy Statement will establish principles and objectives relating to a range of topics, including: land use, density, height, public benefits, transportation, built form and character, sustainability and development phasing. The Policy Statement will be presented for Council’s consideration at the end of the process and, if adopted, used to inform any future rezoning of the site. This work is expected to be complete by February 2015.
The property is currently zoned single family (RS-1) but has been utilized as a transit centre since August 13, 1948. TransLink has determined that the OTC site is no longer required to perform these limited functions and is considered surplus land as a result they are seeking to explore redevelopment options for the site.
January 30, 2014by 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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