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, Office

Five Ten Seymour Street

By ChangingCity

This project started out as something of a mystery in June of 2013 – an office building on a site on the corner of West Pender and Seymour Street. Right now there are two older 2-storey buildings, one is a sushi restaurant and the other (dating from 1905) currently vacant.

Five TenThe mystery was that as far as we knew there wasn’t either a rezoning or development application submitted, although the building was being marketed. The design by Musson Cattell Mackey initially was for a 9-storey building with 77,000 sq ft of space (right).

Now there’s a development application, it’s a 10 storey building, and the design has evolved into something that looks really much more interesting. Our image shows the view down Seymour, looking north. There are angled glazed sections in the Seymour facade that don’t show up well from this angle, but which add an extra level of variation on what is really a very efficient block floorplate.

The Urban Design panel are due to see it in April 2014, and given a positive response it’s scheduled for the Development Permit Board in June.

 …read more

Source: Changing City

April 6, 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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