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

1134 Burrard Street

By ChangingCity

1134 BurrardHere’s another of the projects that are being developed to help solve the very limited housing opportunities for the homeless and hard to house in Vancouver. We haven’t featured the building before on the blog, in part because the render that was available showed a rather unexciting project (and a dematerializing vehicle).

Fortunately the reality is far more attractive. Designed by DYS Architecture, it’s a 16-storey 141 unit building that will be run by The Kettle Friendship Society in conjunction with Family Services of Greater Vancouver. The main floor will house the Directions Youth Services Centre that was on the City-owned site before the redevelopment. BC Housing provided the majority of construction funds, but the project was also financially supported by Streetohome Foundation with contributions from both CIBC and Canadian Western Bank.

Directions provides health, mental health and addiction services, counseling, employment and training opportunities, peer support services, access to community and business partnerships and practicum programs, literacy and life skills training, and recreational, interactive, and artistic (music and art) programs. It will also include a Vancouver School Board Learning Centre. 30 of the units will be committed to youth under the age of 25.

 …read more

Source: Changing City

March 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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