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

8-Storey Building Proposed for Cambie Near Langara/49th Station

An application has been submitted by L & A Real Estate Investment to rezone a 20,080 SF site at 6318-6340 Cambie Street from RT-2 to CD-1 to allow an 8-storey mixed-use building and seven townhouses, including:

    • 50 residential units;
    • 14 One-Bedrooms, 25 Two-Bedrooms and 11 Three-Bedrooms
    • commercial space at grade;
    • a maximum building height of 95 ft.;
    • a density of 3.25 FSR; and
    • 61 underground parking spaces.

The requested density is the limit under the current Cambie Corridor Plan designation for this area (2.25-3.25). The architect for the project is Integra Architecture.

The project will sit across the street from two 8-storey projects already complete or near completion including: Forty Nine West, and Prelude (completed 2014).

6318 Cambie 6318 Cambie_2

 

April 14, 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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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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