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

First Phase of Gilmore Place to Include Three Towers, 1,563 Units

The first phase of Onni’s large scale mixed-use project known as Gilmore Place, goes before City of Burnaby council next week. The 12.9 acre site next to the Gilmore Skytrain Station in the Brentwood area of Burnaby was initially approved via master plan earlier this year, though requires further detailed rezoning applications for each phase of the project.

The Gilmore Place master plan represents one of the larger projects in Metro Vancouver currently, with over 2.5 Million SF of residential development and 1 million Sf of commercial space.

Phase 1 of the multi-phase project is the subject of this rezoning and includes:

  • a 64-storey signature tower with 643 units
  • a 51-storey tower with 510 units
  • a 43-storey tower with 410 units
  • 71,498 SF of residential amenity space atop the commercial podium
  • 291,652 SF of commercial space in a large 3-storey podium
  • large format retail and smaller CRUs as well as potential office and educational space on upper levels
  • total density of 6.6 FAR
  • connection to Skytrain station
  • 1,720 total parking stalls

gilmore-place_2gilmore-place_5gilmore-place_4gilmore-place_3gilmore-place_1 gilmore-placeThe application describes the design rationale:

“The proposed tower design complements the quality and timelessness of the commercial and public open space components advanced under Rezoning Reference #15-54. Tower I and Tower III are designed in tandem to support the signature tower at the corner of Gilmore Avenue and Lougheed Highway. Tower I and Tower III are the counterpoint to Tower II in the use of dark and light colours, drawing from a charcoal and white motif. The subject tower is distinct from the other two towers in that it breaks up the verticality by using offset balconies with fritted balcony glass in a zipper like pattern. The tower terminates in a large lantern element at the corner as a beacon element symbolizing the entry into the Brentwood Town Centre. At the 35th floor is a Sky Lounge the provides residents within the Phase I the opportunity to have social gatherings with unobstructed views to the west and North Shore Mountains.

Residential entries are clearly demarcated on the exterior of the building with floor to ceiling glass, metal and stone elements. Atop the commercial podium is an expansive residential amenity, complete with 71,498 sq.ft. of indoor amenity area with fitness facility (gym, yoga, running and spinning), movie theatre, games room, lounge, golf simulators, bowling alley, indoor and outdoor pools, steam room and sauna, half-court basketball court, three party rooms, four guest suites, indoor and outdoor children’s play area, study centre, kitchen facilities, karaoke room, outdoor dog run, pet wash area and extensive outdoor leisure and landscaped area.

Within Phase I the Gilmore Plaza provides an open air, but weather protected linkage between on-street bus service on Gilmore Avenue and the SkyTrain station, with access to convenience commercial, signature retail, and anchor tenants. The Gilmore plaza is also connected by a grand staircase to second level commercial and retail uses, with opportunities for direct connection to the SkyTrain ticketing level. Movement to the second and third commercial levels is also accommodated by several escalator and elevator banks to ensure universal access and inclusion. The upper commercial levels are characterized by larger format uses with smaller commercial uses at the ground level to engage passersby. The third level allows for more flexible uses including service commercial uses, medical dental offices and institutional uses such as education and training facilities.”

Onni acquired the site in a deal from Standard Life in 2014 for $110 Million.

November 18, 2016by david.taylor@colliers.com
Apartment, Development

Townhouse & Apartment Project Planned Near Coquitlam Centre

Intracorp has applied to to rezone an 4.83 acre piece of land near the City Centre area of Coquitlam. The site is currently owned by the Finnish Canadian Rest Home Association who will be partnering with Intracorp to allow a new townhouse development coupled with a new independent-living rental apartment building for seniors over 60.

The site itself will be subdivided into two pieces, one to the West allowing new townhouse development, and the other allowing the new apartment development. The two pieces will be separated by a new extension to Hudson Street. Project details include:

Townhouses & Duplexes

  • Site area of 3.56 acres
  • 76 duplex and townhouse strata units in three rows with large courtyard
  • Density of 0.81 FAR
  • 2 two-bedrooms, 45 three-bedrooms & 29 two-bedrooms
  • 138 parking stalls

Seniors Apartment Building

  • Site area of 0.86 acres
  • 67 units in a 4-storey building
  • Density of 1.52 FAR
  • 5 studios, 42 one-bedrooms and 20 two-bedrooms

1226-johnson

1226-johnson_2

Townhouse Component

1226-johnson_3

Seniors Apartment Component

1226-johnson_1

Site Plan

November 18, 2016by 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