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

Dunbar Redevelopments Seek Approval

Two prominent Dunbar redevelopment projects go before the Development Permit Board Dec. 15. One involves the Stong’s site. It’s an application to redevelop 3592 West 29th, formerly known as 4560 Dunbar St.

Henriquez Partners Architects, acting on behalf of property owner the Harwood Holdings Corporation, proposes a four-to-five storey, mixed-use development. It would include 60 residential units, commercial space, a height of four storeys on the north end and five storeys on the south end where there would also be a public plaza.

In October 2013, the city rejected a rezoning application for a six-storey mixed-use building on the site. Residents argued it was contrary to Dunbar’s community vision, which calls for a four-storey limit.

The Harwood application complies with the C2 zoning for the site, so it’s considered conditional, which means it may be permitted, but needs board approval. Brian Jackson, the city’s manager of planning and development, told the Courier previously that zoning allows for five storeys on part of the property because it’s a sloped site.

3592 West 29th Ave

3592 West 29th Ave

The Development Permit Board will also consider, on Dec. 16, a development permit application for a nearby site at 3603 West 27th, formerly known as 4219-4295 Dunbar St.

Read more: http://www.vancourier.com/news/developing-story-dunbar-redevelopments-seek-approval-1.1662106

December 12, 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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David Taylor Personal Real Estate Corporation

Colliers International

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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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