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

17-Unit Townhouse Project Planned for Granville & 57th

Formwerks Architectural, on behalf of Marcon, has applied to redevelop a 3-lot land assembly on Granville Street for townhouse use. The 20,141 SF site is zoned RM-8N, one of the new zones in the Marpole Community Plan. The project, located between West 57th and West 58th Avenue, includes the following:

  • two 2-storey and two 3-storey courtyard townhouse buildings
  • a total of 17 units
  • all 3-bedrooms ranging between 1,272 SF and 1,571 SF
  • a total density of 1.12 FSR
  • one level of underground parking containing 34 spaces

The application describes the massing of the project: “Courtyard townhomes are proposed with a 24’ courtyard. Massing is further stepped back at upper levels to allow more natural light into the courtyard. The proposed development also features underground parking with access off the rear lane. We are proposing a two storey with a partial third storey expression along Granville Street, and the third storey is more set back to suit a single-family expression.”

Granville & 57th Granville & 57th_1

December 14, 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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