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

Marpole Proposal Turns 4 Single Family Houses into 18 Townhouses

A development proposal in Marpole for a 21,160 SF at West 63rd Avenue and Manitoba is taking advantage of gentle densification now permitted in the Marpole Community Plan.

The proposal by Belford Properties anticipates turning four single family lots, recently rezoned by the City to RM-8 zoning, into 18 townhouse units in two rows of buildings above one level of underground parking. Nine of the units fronting the lane have basement-units that can be locked off for separate suites. The maximum allowable density in the RM-8 zone is 1.20 FSR.

  • The site is 184′ x 115′
  • The gross buildable area is 25,518 SF

7900 Manitoba 7900 Manitoba_1 7900 Manitoba_2

 

April 21, 2015by david.taylor@colliers.com
Apartment, Development

Polygon Planning 321 Unit Development in Lynn Valley

Polygon Homes has applied to rezone the Mountain Court multifamily complex in North Vancouver for a new multi-phase strata and rental complex in four 5-storey buildings. Mountain Court is an aging apartment complex built in 1968 on a 4.13 acre site located just south of Lynn Valley Centre. This sits next to Polygon’s Canyon Springs project; currently under construction and expected to be completed in 2016.

The District of North Vancouver’s Official Community Plan allows a total density on this site of 2.5 FSR, and the more recent Lynn Valley Town Centre Flexible Planning Framework allows buildings up to 5-storeys.

The proposal includes:

  • Phase one:
    • a 75-unit market rental building (1:1 unit replacement, this is the CAC for the development)
    • a 68-unit strata building
  • Phase two:
    • two buildings totaling 178 units
  • A total of 321 units (76% two and three bedrooms)
  • A total of 372,072 SF
  • A density of 1.82 FSR

It is anticipated that this will be built out over a five year period.

Mountain Court_1 Mountain Court Mountain Court_2

 

April 21, 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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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

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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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