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

More Towers for Burquitlam

Two major developers will soon have proposals before Coquitlam city council to add to the massive growth now happening in a neighbourhood with a future Evergreen Line station.

Last week, more than 80 people were at an open house in Burquitlam hosted by Beedie Living, which plans to rezone its property west of the Como Lake Avenue and Clarke Road intersection for a 26-storey residential tower that would link in with the YWCA Como Lake Gardens facility.

33386tricity0131BeedieComo-Lake1

Houtan Rafii, Beedie’s vice president of residential development, told The Tri-City News the feedback was positive about its bid to build 180 homes plus seven townhouses and an amenity space for the YWCA to expand its affordable housing services to single mothers and their kids.

Beedie’s proposal, which has been formally submitted to city staff, would also include a multi-level parkade as well as a vehicle roundabout, close to the Evergreen station. Rafii said Beedie’s bid fits in with the city’s transit-oriented development and affordable housing strategies.

Read more: http://www.tricitynews.com/news/242827701.html

January 31, 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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