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.
Development

35-Storey Tower Proposed for Brentwood Area

Another week, another highrise proposal for Brentwood. This one is from Polygon Homes for an 81,414 SF site at the foot of Madison Avenue. The rezoning application is based on the RM4s designation under the City of Burnaby’s Brentwood Town Centre Plan, with a total density of 3.6 FAR, or 280 units.

Interestingly, due to high groundwater and challenging geotechnical buildings, the parking is above-grade and is proposed to be located behind street-oriented residential units.

2338 Madison2338 Madison_2

September 29, 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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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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