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.
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

Rental Apartment Building Planned for South Vancouver

A rezoning application has been filed for a 12,500 SF C-1 zoned site at East 64th Avenue and Fraser Street for a 5-storey market rental building. The proposed rezoning would see the current C-1 zone go to CD-1 under the Rental 100 Secured Market Rental Housing Policy. The proposal is for a 5-storey mixed-use building that includes:

    • 37 secured market rental units;
    • commercial space at grade
    • a building height of 52 ft. ;
    • a density of 2.65 FSR; and
    • 28 underground parking spaces.

8209 Fraser 8209 Fraser_2

The site sits just one block from the Super 8 Motel, which is in preliminary planning for a rezoning and redevelopment, including multi-family housing.

May 5, 2015by david.taylor@colliers.com
Development

Former North Van School Site to be Turned Back Into Single Family Lots

Anthem Properties have submitted a rezoning application for the Ridgeway School Annex site, a 62,285 SF site at East 5th and Ridgeway Avenue in the City of North Vancouver; a few blocks East of Lonsdale. Anthem acquired the site from the North Vancouver School District in 2013, subject to rezoning. Since the announcement of the sale, Anthem has been holding community consultation.

The site is an “L” shape and was originally nine single family lots before the development of the Ridgeway School in the 1950’s. The site is currently zoned P-1 Institutional, but the plan is to rezone to reflect the surrounding RS-1 single family area. The plan calls for nine single family homes, each with coach houses.

Ridgeway annex_1 Ridgeway annex_2 Ridgeway annex_3

 

May 5, 2015by david.taylor@colliers.com

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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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