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

Rare Multi-Family Building Planned for Arbutus Ridge

Trillium Projects has applied to the City of Vancouver for permission to develop an 11,440 SF site on MacDonald Street at Alamein Avenue, just South of West 24th Avenue in the Arbutus Ridge neighbourhood of Vancouver’s Westside. The area is a small commercial strip in an otherwise predominantly single family neighbourhood. The existing building on the site is an auto service centre.

The proposal is for a 3-storey building and duplex, including:

  • 8 residential units, including 6 townhomes and a duplex;
  • 2 retail CRU units on the ground level;
  • a total density of 1.34 FSR;
  • One level of underground parking accessed from the lane; and
  • 21 parking stalls

4066 MacDonald_2 4066 MacDonald_1 4066 MacDonaldUnder the site’s existing CD-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is Shift Architecture.

Here is a link to the development application: http://development.vancouver.ca/4066macdonald/index.htm

May 11, 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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