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

145-Units of Affordable Housing Coming to Main & 7th

Catalyst Community Developments Society has submitted their application to rezone 2221 Main Street, a prominent 34,885 SF site on the West side of Main Street between 6th and 7th. The site is currently zoned IC-2 but the Mount Pleasant Community Plan allows rezoning of sites along Main to higher density.

This is the first project built under the City’s Vancouver Affordable Housing Agency (VAHA), and was first announced at a press conference on the site last summer.

The proposal for this first affordable housing project under VAHA is a 9-storey mixed-use building that includes:

  • 145 affordable housing units;
  • 28 studios, 45 one-bedrooms, 42 two-bedrooms & 30 three-bedrooms
  • A total density of 3.30 FSR
  • 9,928 SF of ground floor retail space
  • A building height of 98 feet
  • 192 underground parking spaces on 4 levels;
  • 12,000 SF of public plaza area on the 7th Ave corner

2221 Main2221 Main_1 2221 Main_2 2221 Main_!The architect for the project is Rositch Hemphill Architects.

March 24, 2017by david.taylor@colliers.com
Apartment, Development

245-Unit Project Proposed for Downtown New Westminster

Domus Homes has submitted a rezoning application to the City of New Westminster for a 26,104 SF site at 813-823 Carnarvon in Downtown New Westminster, directly across the street from the 3-tower “Plaza 88” development. The plan is for a mixed-use project that includes a market condo tower, a non-market rental lowrise, and commercial uses. Details include:

  • a 29-storey tower
  • a 6-storey lowrise
  • 195 market condos
  • 119 one-bedrooms, 54 two-bedroms and 22 three-bedrooms
  • 50 non-market rental units for Performing Arts Lodges (PAL)
  • a total density of 7.75 FSR
  • total building height of 290 feet

813 Carnarvon813 Carnarvon_1 813 Carnarvon_2The architect for the project is GBL Architects.

March 24, 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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