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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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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Investment, Office, Retail

Richport Town Centre Sold in $74.8 Million Deal

Richport Town Centre, a large strip retail and office complex located on a 5.37 acre site on Ackroyd Road has sold for a reported $74,800,000.

The property contains 116,426 SF of rentable area and is anchored by Chapters Books, Royal Bank, Starbucks, Pennington Superstore, and City Fresh Market and many other retail and office uses.

Richport town Centre

September 4, 2014by david.taylor@colliers.com
Development

126-unit Building Planned for Mount Pleasant

A development application has been made for a site located at 311 East 6th Avenue, at the NE corner of East 6th and Scotia Street. The plan for the IC-3 zoned site is for a 6-storey building with 68 Artist Studio units, and 58 standard residential units. The building will incorporate an industrial feel into the design including brick, window wall and miscellaneous steel. Details include:

  • A total floor area of 85,588 SF
  • A total density of 4.73 FSR
  • 113 underground parking spaces

311 East 6th311 East 6th_2

The site was acquired earlier this year for $3,000,000 by Jameson Development Corp.

September 4, 2014by david.taylor@colliers.com
Development

What West End Infill Looks Like

Here’s an update on a property I sold earlier this year at 1546 Nelson Street, which is now going through the development permit process to add laneway housing.

The existing 6-unit residential building is located on a 33 ft. site zoned RM-5, but the new West End Community Plan allows conditional laneway units. The proposal includes:

  • 4 new residential units
  • Ground-oriented family housing
  • Landscaped inner courtyard
  • Zero parking spaces
  • Total density of 1.71 FSR

1546 Nelson_Sep 14 1546 Nelson_Sep 14_2 1546 Nelson_Sep 14_3

September 4, 2014by david.taylor@colliers.com
Development

Market Spotlight: 137 Keefer Street

By ChangingCity

137 Keefer model

We had noticed some site cleanup on a 25 foot lot on Keefer Street (to the east of the heritage building with the Keefer bar). Now we know what’s proposed to go there – “To develop a nine-storey, multiple-family dwelling building with a commercial retail unit on the main floor, providing 19 parking spaces over four levels (via automated parking system) having vehicular access from the lane”. It heads to the Urban Design Panel in a week, so it will be interesting to see what they make of the scheme.

The plans have been drawn up by Stantec Architecture, but we think we detect a design initiated by the developer, James Schouw, most recently associated with Artimesia on Hornby Street.

…read more

Source:: Changing City Updates

September 4, 2014by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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gravitasmsn MN @gravitasmsn ·
16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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