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

30-Unit Project Planned for Norquay Village

A development application has been submitted for a 4-lot single family land assembly in the Norquay Village neighbourhood of East Vancouver. The RM-9A zoned site is located at 2652 Duke Street, just North of Kingsway.

Details for the new 4-storey woodframe condo building includes:

    • 30 units;
    • 2 one-bedrooms, 15 two-bedrooms & 13 three-bedrooms;
    • a four-storey, multiple dwelling building containing 30 units, all over one level of underground parking, having vehicular access from the lane.

2652 Duke_3 2652 Duke_1 2652 DukeUnder the site’s existing RM-9A 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 Matthew Cheng.

June 26, 2017by david.taylor@colliers.com
Development, Retail

Fourth Amazing Brentwood Tower to Include 506 Units

Shape Properties has submitted their rezoning application for Tower 5 of the Amazing Brentwood project. The tower is actually the fourth to be rezoned, with the first three towers now sold out and under construction.

This tower will be located at the Northeast corner of Willingdon Avenue and Halifax Street. Details include:

  • A 51-storey tower located above a 2-storey commercial podium
  • 506 condo units
  • 287 one-bedrooms, 190 two-bedrooms, 27 three-bedrooms & 2 four-bedrooms
  • 11.21 FAR (on net site)
  • 37,542 SF of commercial space
  • 673 parking stalls

Amazing Brentwood_1Once this phase is complete, the four towers will represent almost 2,000 units.

June 26, 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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