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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Apartment, Development

Construction Update: Keefer Block

July 21, 2014by david.taylor@colliers.com
Development

Two More Towers Proposed for Metrotown

A rezoning application has been submitted for 6380 & 6420 Silver Avenue by Belford Properties for two highrise towers on the 81,400 SF site. The application seeks rezoning under the C-2 and RM-5s designations in the Metrotown Centre Plan.

6380-6420 SilverA previous rezoning application had been made in 2012 for 6380 Silver Avenue alone, but it was determined by the City that the lot area was insufficient to support a tall tower.

July 21, 2014by david.taylor@colliers.com
Development

Two More Brentwood Projects Proposed

Two more residential projects are being proposed for the Brentwood Town Centre area of Burnaby:

1. Brentwood Mall Residential Tower 2

After selling out Tower 1 in a day last month, Shape Properties is pushing ahead with rezoning for Tower 2, which will be nearly identical in height at 53-storeys. This tower will similarly contain 591 units, with rental apartments on the lower floors, and 291 condo units above. The total height will be 611 ft., or approximately the same height at the Trump Tower downtown.

2. Willingdon and Dawson Lowrise

Amacon BrentwoodAmacon is proposing a 5-storey residential building with commercial on the ground floor; totalling 75 units. The total density is 2.1 FAR.

The site is ideally located near all of the highrise activity in the area.

July 21, 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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