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

41-Unit Condo Building Planned for Uptown Area of New Westminster

Alpha Beta Developments has applied to the City of New Westminster to allow development of a new 6-storey condo development on an existing 13,510 SF, three lot land assembly in the Uptown area.

The application entails an OCP Amendment and Heritage Revitalization Agreement (HRA)  for the properties located at 612 to 618 Brantford Street. The OCP amendment would change the land use designation of the property from (CH) Commercial Historic Area to (RM) Residential Medium Density. The HRA application allows retention of the existing 1890 heritage home on the site.

Details of the project include:

  • a total of 41 units
  • 17 one-bedroom units, 18 two-bedroom units & 7 three-bedroom units
  • total density of 2.90 FSR
  • 57 underground parking spaces

612-brantford612-brantford_1612-brantford_2The architect for the project is Boldwing Continuum Architects Inc.

January 10, 2017by 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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