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

West End Co-Op Sells in $40.5 Million Deal

A co-op located on a 17,292 SF site in the West End of Vancouver has sold to a developer for $40,500,000.

Harcrest Apartments, located at 1055 Harwood Street, is a 3-storey 28-unit walkup building built in 1947. The property was listed for sale earlier in the year. The site was designated under the West End Community Plan to allow a new tower up to 300 feet in height, provided that some of the new building is provided as social housing.

1055 Harwood_1 1055 Harwood

 

August 22, 2016by 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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