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, Investment

SOLD: 5900 Muir Drive, Richmond, B.C.

I am pleased to have acted on behalf of the Vendor in the sale of Cranberry Lane, an 88-unit apartment complex in the Hamilton area of Richmond.

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July 31, 2015by david.taylor@colliers.com
Development

Another Little Mountain Project is Proposed

An application has been made for an 18,314 SF site at West 35th Avenue and Quebec in the Little Mountain area. The plan calls for rezoning the site at 5021-5079 Quebec Street from RS-1  to CD-1 to allow a 6-storey building that includes:

    • 42 residential units;
    • a building height of 65 ft. from grade;
    • a density of 2.3 FSR; and
    • 51 underground parking spaces and 66 bicycle spaces.

The application is being considered under the Little Mountain Adjacent Area Rezoning Policy.

This is the third project planned in the Little Mountain Adjacent Area, bringing the total number of units planned so far to 121. 5030 Quebec Street by Boffo Properties was approved in February 2015. 5037 Main Street, also by Boffo was approved in March.

5021 Quebec 5021 Quebec_1 5021 Quebec_2

July 31, 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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