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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Development

Latest Concord Pacific Project Includes 588 Units

Concord Pacific is moving forward with plans for 89 Nelson Street, a 51,381 SF site at the foot of the Cambie Street bridge, across the street from their 435-unit “One Pacific” project, currently under construction.  As part of the rezoning approval last year, they are required to obtain approval of a preliminary development permit.  Francl Architecture designed the project, which has an interesting design. The proposal includes:

    • a 29-storey mixed-use building containing commercial use on the ground floor
    • 588 residential units
    • overall height of approximately 287.8 feet  for the north portion and 275 feet  for the south portion; and
    • four levels of underground parking, containing 520 parking spaces with vehicle access from Expo Boulevard.

89 Nelson_289 Nelson 89 Nelson_1

 

August 8, 2015by david.taylor@colliers.com

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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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