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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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

Rezoning Plans Unveiled for Catholic Charities Site

Amacon‘s formal rezoning application has been submitted to the City of Vancouver for a 24,289  SF land assembly at Robson between Cambie and Beatty that includes the Catholic Charities Men’s Hostel and the commercial building at 118 Robson Street (home to the bar/restaurant now known as ‘Back Forty’).

The plan calls for rezoning from DD to CD-1 to redevelop the site with a 29-storey mixed-use development and 6-storey podium, including:

  • Retention and restoration of the existing Northern Electric Building facade;
  • Hotel, commercial and residential uses, including 131 residential units;
  • 42 one-bedroom units, 71 two-bedrooms and 18 three-bedrooms;
  • Five levels of underground parking
  • A total density of 10.08 FSR; and
  • A building height of 290 ft.

150 Robson150 Robson_1 150 Robson_2The application describes the design rationale:

“The existing peripheral structure and complete envelope of the building will be preserved
and restored to strict heritage conservation guidelines outlined in the conservation plan. The interior of the building, which has little heritage value left, will be replaced with new construction: hotel rooms on the second and third floors; and hotel restaurant and hotel coffee shop on the ground floor, along Robson Street.”

New shelter space will be provided for the existing Catholic Charities shelter, as part of the agreement between the developer and Catholic Charities. This rezoning application is being considered under the Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is GBL Architecture.

April 6, 2017by david.taylor@colliers.com
Development

88-Unit Townhouse Project Planned for Lions Gate Village

Citimark has submitted a rezoning application and OCP amendment to redevelop an 8-lot single family land assembly in the Lower Capilano area of North Vancouver. The lots are located at 1886 -1956 Belle Isle Place and 2046 Curling Road, just North of Larco’s large rental development, now under construction.

The area, now called Lions Gate Village Centre, was redesignated by the District of North Vancouver in 2015 to allow for townhouse uses, and this project is the 2nd to go before council, following PC Urban who recently applied for 23 units just up the street on Glenaire Drive.

The plan is for a townhouse development that includes:

  • 88 three-storey townhouses in ten separate buildings
  • a density of 1.20 FSR
  • a building height of 41 feet
  • 163 underground parking stalls
  • a community amenity contribution of $324,071
  • expansion and improvement of Belle Isle Park.

1886 Belle Isle_11886 Belle Isle_41886 Belle Isle_3 1886 Belle Isle_2

April 6, 2017by david.taylor@colliers.com
Apartment, Development, Retail

193 Units Planned for Maplewood Village Area

The owners of a 1.7 acre site in the Maplewood Village area of North Vancouver have submitted a rezoning application and OCP amendment to redevelop the existing property, known as Maplewood Plaza.

The site is currently built as a smaller mixed use commercial plaza with two commercial spaces and 28 rental units. The site is designated Commercial Mixed Use Level 1  in the OCP which allows for densities up to 1.75 FSR. The proposed OCP amendment would change the designation for these two properties to Commercial Mixed Use Level 2 which allows for densities up to 2.50 FSR.

The proposed redevelopment is for two 6-storey buildings, including:   

  • 193 units (21 townhouses and 172 lowrise units)
  • 38 rental units
  • 85 one-bedrooms, 99 two-bedrooms and 9 three-bedrooms
  • 10,743 SF of retail space
  • a total density of 2.49 FSR
  • 255 underground parking stalls on two levels
  • $200,000 voluntary CAC payment

229 Seymour River229 Seymour River_1229 Seymour River_2229-seymour-place-northeast229-seymour-place-northwestThe architect for the project is Rositch Hemphill.

April 6, 2017by david.taylor@colliers.com

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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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

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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