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

7-Storey Mid-rise Pitched for Lower Lonsdale

The third of four mixed-use commercial/residential tower projects proposed for Lower Lonsdale is now coming up for scrutiny by council and the public.

Developer Polygon is looking to build a sevenstorey tower (five storeys of residential on two storeys of commercial) at 255 West First St. and 260 West Esplanade, currently home to Hollyburn Family Services and Family Services North Shore.

255 West 1st

If approved, the building will have 208 one, two, or three-bedroom condo units, at least 62 of which have adaptable designs, to accommodate seniors and people with mobility issues. Measured from First Street, the building would be 52.5 feet tall, according to a city staff report.

Previously, Polygon had pitched a 16-storey highrise for the site, but later abandoned those plans.

Read more: http://www.nsnews.com/news/7-storey-mid-rise-pitched-for-lower-lonsdale-1.944495

April 8, 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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