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

150-unit Project Proposed for Lougheed Area

Ledingham McAllister is proposing a 150-unit townhouse and low-rise apartment development for a 152,707 SF site encompassing 12 lots between Cameron Street and Beaverbrook Drive in the Lougheed area of Burnaby. The proposal consists of four individual townhouse buildings separated from each other by landscaped courtyards and pedestrian walkways, with a 3-4 storey apartment component at the corner of Cameron Street and Noel Drive. The total density conforms to the RM-2 guidelines of 0.9 FAR.

Ledingham Lougheed

 

Ledingham Lougheed_Map

July 22, 2014by david.taylor@colliers.com
Development

North Shore Kia Moves for New Condos

It was a game of musical developments at City of North Vancouver council Monday night as council members voted to approve a new home for North Shore Kia dealership and a condo building to go in its place.

The joint bid between the Dick Irwin Group, which owns North Shore Kia, and Darwin Properties will see the dealership moved to a 43,500-square-foot home at 843-855 West First St., just above the Northshore Auto Mall.

kiaThe land is currently home to an auto shop and overflow parking for auto dealerships. Making the move would allow the company to better serve clients as well as hire more staff, the owners said in their pitch to council.

Once the Korean autos are moved out, the building at 725 Marine Dr. will be demolished for a five-storey, 92-unit mixed-used building with commercial space on the ground floor.

Read more: http://www.nsnews.com/news/north-shore-kia-moves-for-new-condos-1.1213315

July 22, 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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