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

Stacked Townhouse Project Planned for Norquay Village

Here is another example of the type of gentle densification that the City of Vancouver should be encouraging more of. An application has been made to develop a stacked townhouse project at 2115 East 33rd Avenue in the Norquay Village area. The site comprises three single family lots which are being developed into 12 units under the RM-7 zoning. The architect is Wilson Chang. Details include:

  • 12 units with 4 lockoff units
  • 10 two bedrooms and 2 three bedroom units
  • Unit sizes of 967 SF to 1,177 SF
  • 8 surface parking spaces on the lane

2115 East 33rd 2115 East 33rd_1 2115 East 33rd_2

 

September 23, 2015by david.taylor@colliers.com
Development

Construction Update: The New Jubilee House

Here is a construction update for a project that many people aren’t aware of outside of the media buzz surrounding its work stoppage earlier this year. The New Jubilee House is a new 13-storey, 162-unit affordable housing project located at the corner of Richards and Helmcken. The project is replacing an existing 87-unit building located across the street, which will subsequently be replaced by a condo tower by Brenhill Development. The project was designed by GBL Architects.

IMG_7816

September 23, 2015by david.taylor@colliers.com
Apartment, Investment

SOLD: 16-Unit Kits Apartment Building

I am pleased to announce the sale of 1609 Cypress Street, a 16-unit apartment building in Kits. The building was sold to a local investor for $4,400,000.

1609 Cypress_SOLD

September 23, 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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