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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Apartment, Development

Apartment Building Planned for Victoria Drive

An application has been filed for a 90 x 132 ft., C-2 zoned property at 540 Victoria Drive in the Grandview Woodlands area of East Vancouver. The proposed plan includes:

  • a new 4-storey building
  • 2 CRU’s on the main floor (one for a new Bosa Foods store)
  • 27 rental apartment units on the 2nd to 4th floors
  • A density of 2.38 FSR (1.75 residential)
  • 1 level of underground parking

Cornerstone Architecture explains the rationale for the project:

“This development provides a mixed-use residential and commercial building that will stand as a legacy project for the Bosa Foods company, which has been a long term part of the community. The development is to provide a mixture of  1, 2 and 3 bedroom rental suites across the upper 3 storeys.”

540 Victoria 540 Victoria_3540 Victoria_2

January 30, 2015by david.taylor@colliers.com
Apartment, Development

New Apartment Building Proposed in Grandview-Woodlands

A development application has been made for an RM-4 zoned site at the corner of Victoria Drive and Frances Street in the Grandview-Woodlands area. This site are was not identified for increased density in the any version of the Grandview Woodlands Community Plan. The project calls for the following:

  • one three-storey and one four-storey multiple dwelling building containing a total of 15 apartment units
  • a total density of 1.43 FSR or 17,006 SF (RM-4 allows 1.45 FSR)
  • a total of 17 underground parking spaces

Further, the City is requesting that the site dedicate about 7’ of land along Victoria Drive for possible future reconfiguration of the street to provide dedicated bike lanes. It is noted that further assembly was not feasible.

639 VictoriaMore info can be found here: http://former.vancouver.ca/devapps/pc649victoria/index.htm

January 30, 2015by david.taylor@colliers.com
Development

5-Storey Building Proposed for Lynn Valley Town Centre

A rezoning application has been filed for a site a land assembly at 1325-1335 Draycott Road, a cul-de-sac off Lynn Valley Road just north of Lynn Valley Mall. The project by Milori Homes, consists of 35 condo units in a five storey building.

The site is currently zoned commercial C2, but is designated as Residential Level 5 & 6 in the Official Community Plan. RES5 envisions lowrise apartments up to approximately 1.75 FSR and RES6 envisions medium rise apartments up to 2.5 FSR. A blended density of 1.91 FSR has been calculated for this project based on the site area of each designation.

The units will be a mix of 2 & 3 bedrooms. A proposed CAC of $53,557 is being charged to the developer.

1325 Draycott 1325 Draycott_2

January 30, 2015by 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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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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