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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Development

New Project Planned for East 1st Ave and Renfrew

An development application has been made for a C2C1 zoned site located at 2889 East 1st Avenue in Vancouver. The site consists of the entire block on the west side of Renfrew between Graveley Street and 1st Avenue, except for the northernmost 31.16’ lot. The owner of this site has been approached but does not want to sell at this time. The assembled site is 120’ deep and 218’ long.

2889 East 1st Ave_3

The proposal is for a 73-unit, 5-storey residential building over commercial space and two levels of underground parking. The total density is 2.85 FSR, although the proposal will require a variance to achieve 5-storeys.

The area is fairly underdeveloped at this time but there is pressure to redevelop the commercially zoned sites. The 1800 block of Renfrew has a new project on the north side of the street, a renovation adding a fifth storey to a seniors complex on the south end of the east side and a new Development Permit application for the north end of the east side.2889 East 1st Ave
2889
October 15, 2014by david.taylor@colliers.com
Development

Port Capital Acquires Coal Harbour Site – “The Views”

1255 West PenderAfter speculation about it’s future, the site at 1250 West Hastings in Coal Harbour that had been branded in 2013 as “The Views at Coal Harbour” has sold to Port Capital Group for $13,100,000. The 8,250 SF site had development permits in place for 14-storey building consisting of 25 residential units and 3,500 SF of office space with a total density of 5.7 FSR.

No word yet on whether Port intends to alter the existing project in any way. Demolition of the existing low-rise office building has not yet commenced.

 

October 15, 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 acquired by Choice Properties and KingSett for $5.2-billion

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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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16 Apr

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

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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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