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

Condo Building Proposed for Little Mountain Area

While much of the buzz in the media has been focused on Holborn’s 15-acre site which is slated for approx. 1,400 units, the Little Mountain ‘Adjacent Area’ is quietly plodding along with redevelopment.

The latest application is for a two lot, 7,971 SF site assembly at 106-116 East 35th Avenue, adjacent Mosaic’s James Walk project, which quickly sold out earlier in 2015. The proposal, by Forrester Development Corporation, is for a 5-storey building that includes:

    • 18 units
    • a building height of 56 ft.
    • a  density of 2.3 FSR
    • 21 underground parking spaces and 23 bicycle spaces.

The application is being considered under the Little Mountain Adjacent Area Rezoning Policy. The architect for the proposal is Ankenman Marchand.106 East 35th Ave

126 East 35th Ave_1

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

Two More Towers for Brentwood Area

Millenium Developments is proposing a rezoning bylaw amendment to permit the construction of two condo towers in the Brentwood area of Burnaby. The site, located at 2630 Douglas Road, is south of Lougheed Highway near Holdom Station, in an area that is primarily still industrial uses.

The plan calls for two high-rise condo towers under the RM-5s and C1 guidelines, with some live/work units facing the street. Per the Brentwood Town Centre Development Plan, the maximum density would be 5.0 FAR. The parking would be located both above and below ground given soil conditions in the area.

2360 Douglas Rd

November 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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