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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

Onni Submits Plan for Final Phase of Suter Brook

Onni Group has submitted a plan to the City of Port Moody’s Community Planning Advisory Committee in order to move forward with their final phase of the City’s largest master-planned community: Suter Brook Village. The project is located on the eastern edge of Port Moody.

The first phases, completed just over 10 years ago, comprise a total of 959 units, as well as over 300,000 SF of retail and office space.

Parcel D, the final phase of the project, is located just north of the recently opened Inlet Centre Skytrain station. The plan for Parcel D includes:

  • a 26-storey tower and two 4-storey lowrise buildings
  • 290 units
  • average unit size of 900 SF
  • outdoor pool, BBQ area and children’s play area
  • a total amenity package of $1.5 Million

Suter Brook_1Suter Brook_3Suter Brook_4Suter BrookSuter Brook_2The architect for the project is Ciccozzi Architecture.

February 8, 2017by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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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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