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

Former Gas Station Site at Cambie & 41st Sold

The former Esso gas station site at the Northeast corner of Cambie and West 41st Avenue has sold after many years of sitting vacant as part of the remediation process. The 15,860 SF site sold for $15,800,000 to CM Bay Properties.

495 West 41st Ave

The site is designated within the Cambie Corridor Plan for a mixed-use building over 12-storeys and a density which may exceed 4.0 FSR.

November 18, 2014by david.taylor@colliers.com
Development, Retail

Plan for Granville & 6th Highlights Trend for Small Site Infill

An interesting development application was submitted this week for a property at the Southwest corner of Granville and 6th, owned and occupied by Zonda Nellis. The plan is relatively unique since the site is only 30′ x 120′ (3,600 SF). The site is zoned C-3A so the density max of 3.0 FSR is conditional. It is exceedingly rare to see a site of this scale seek a DP for a density as high as 3.0 FSR. Sometimes this type of plan makes sense on corner sites if assembly isn’t possible, or if as the case may be here, the property has been owned for a long time and the cost base of the land is quite low.

1510 West 6th_2

The plan calls for the existing single-storey retail building to be replaced with a 5-storey mixed-use development with retail at grade and four levels of residential above, with one level of underground parking below. Details include:

  • 2,464 SF of retail space (3 CRUs)
  • 8,336 SF of residential space
  • A total density of 3.0 FSR (10,800 SF)
  • A total of 4 parking stalls (one per residential floor)

1510 West 6th

Zonda Nellis has had her designer clothing shop on the site for over 20 years. She would like to redevelop her site with a mix of residential units and retail so that she may combine her work and family life in one location. It has also one level of underground parking and storage accessed by a car lift off the lane. The site is too small to accommodate a traditional underground parking layout. It will be interesting to see if smaller sites such as this will increasingly seek to maximize density without assembling neighbouring properties.
November 18, 2014by david.taylor@colliers.com
Apartment, Development, Office

Mixed-use Building Planned for East Van

An application has been submitted for a 7,686 SF site  on East Pender Street near Commercial Drive in East Vancouver. The plan calls for a 5-storey  mixed-use building with two levels of office space and three levels of residential space containing 15 residential units and 14 underground parking stalls. The site is zoned MC-1, which conditionally allows a mix of uses.

1647 E Pender_2

The site, currently improved with a single storey industrial building, was acquired earlier this year for $1,830,000 by Epix Developments.

1647 E Pender_1

November 18, 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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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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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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