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

First Tower Planned for Maillardville Neighbourhood of Coquitlam

Newgen Group has submitted a rezoning application for a one acre site at the intersection of Blue Mountain Street and Lougheed Highway in the Maillardville area of Coquitlam. The plan calls for what would become the first highrise in the area.

Details of the proposed project, titled ‘Mont Bleu’, include:

  •  A 21-storey tower;
  • 155 units (including 8 townhouses);
  • 32 studios, 58 one-bedrooms, 48 two-bedrooms; 17 three-bedrooms;
  • four (4) retail CRU units and office space on the second level of the podium; 
  • a total density of 3.5 FAR; 
  • 239 underground parking spaces are proposed.

218 Blue Mountain218 Blue Mountain_2 218 Blue Mountain_3 218 Blue Mountain_1

218 Blue Mountain_4The proposed development generally complies with the applicable provisions of the C-5 Community Commercial Zone and is consistent with the Neighbourhood Centre designation in the Maillardville Neighbourhood Plan (MNP).

The architect for the project is DA Architects & Planners.

July 31, 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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