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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Development

Westbank Unveils Plans for 1550 Alberni Site

After recent media coverage and speculation regarding Westbank’s new Coal Harbour project at 1550 Alberni, a formal rezoning applicaiton has now been filed with the City, providing some more details on the project. The 20,698 SF site, currently zoned DD and improved with a lowrise office building, is being redeveloped with a 43-storey condo building with commercial uses at street level, including:

    • a building height of 436 ft.;
    • a total of 188 residential units;
    • a density of 14.0 FSR;
    • 272,262 SF;
    • 271 underground parking spaces on six levels

The application is being considered under the Rezoning Policy for the West End and the  West End Community Plan. The site is located at Cardero and Alberni.

1550 Alberni_3

The unique design is a partnership between Japanese architect Kengo Kuma for the design and Associates, and local architects James Cheng and Merrick Architecture for the rezoning.

1550 Alberni_4The rezoning package describes the design:

“The design of 1550 Alberni Street is shaped by its environment. The 42-storey tower is carved by two emphatic scoops that form deep balconies furnished in wood. In both instances, the carvings create semi-enclosures that strengthen their relations to the street and to the views – to its urban and geographic context.

 

Because of the way the otherwise orthogonal tower is carved, its silhouette constantly changes, creating illusionary profiles of arching cantilevers. The reality is far more structured as the carved deductions are diagonally symmetrical, the lower portion helping to counterbalance the hanging volume above.

 

The tower meets the ground with two intersecting domes that embrace Alberni and Cardero Street. Under the arching structures, an extensive moss garden defines the entrance and flows to the swimming pool above. In keeping with Japanese spatial traditions, the emphasis is on the atmosphere rather than the object: without drawing attention to a particular point laden with meaning, the void elicits a serene visceral
experience that could be shared by all.”

 

1550 Alberni_1 1550 Alberni 1550 Alberni_2
October 2, 2015by david.taylor@colliers.com

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

Reply on Twitter 2042378406193738120 Retweet on Twitter 2042378406193738120 Like on Twitter 2042378406193738120 1 X 2042378406193738120
Load More

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved