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

33-Unit Project Proposed for Marpole

Marcon has applied to the City of Vancouver for permission to develop a 19,671 SF, RM-9 zoned three-lot assembly on West 63rd Avenue, just East of Cambie Street. The plans for this site is a new 4-storey condo building, including:

    • 33 units
    • 7-one bedrooms, 22 two-bedrooms and 4 three-bedrooms
    • a total density of 2.0 FSR
    • 2 levels of underground parking accessed from the lane.

470 West 63rd Ave470 West 63rd Ave_2 470 West 63rd Ave_3 470 West 63rd Ave_1The single family assembly was rezoned under the Marpole Community Plan in 2014 and so only requires development permit approval.

The architect for the project is Rositch Hemphill.

The full development application can be viewed here: http://development.vancouver.ca/pc460w63rd/index.htm

May 1, 2017by david.taylor@colliers.com
Development

78-Unit Project Planned for Queensborough

An application has been submitted to the City of New Westminster to amend the Official Community Plan and rezone a site at 1102-1122 Salter Street in Queensborough. The area is currently zoned and primarily developed for single family use, and this lot could be built under existing zoning for 30 houses, or rezoned under the OCP for 50 houses.

The OCP amendment is being sought to allow the development of 78 units on this 5.1 acre site, including:

  • nine duplex dwellings (18 units)
  • 14 row houses
  • 10 compact lot houses (3,600-3,800 SF lot)
  • 36 townhouses
  • total density of 0.85 FSR
  • secondary suites not allowed
  • land dedication on the foreshore for extension of Queensbourough Permiter Trail

1102 Salter1102 Salter_2 1102 Salter_3The architect for the project is Bernard Decosse.

May 1, 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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