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

Mini-Storage Facility Planned for East Van Site

Krahn Engineering Ltd. has applied to the City of Vancouver for permission to develop a 39,1855 triangular shaped site at 2741 Skeena Street in East Vancouver. The site is directly West of the Grandview Walmart parking lot.

The proposal is for a new 5-storey self storage facility, consisting of:

    • Mini-Storage Warehouse uses on the second through fifth storeys;
    • a parkade on the first storey;
    • a total density of 3.0 FSR (117,555 sq. ft.); 
    • 27 parking stalls;
    • peak height of 100.00 ft.

2741 Skeena_22741 Skeena_1 2741 Skeena

Under the site’s existing I-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning. 

The full development application can be viewed here: http://development.vancouver.ca/pc2741skeena/index.htm

August 3, 2017by david.taylor@colliers.com
Development

Stacked Townhouse Project Planned for Joyce-Collingwood

A development application has been submitted for a 20,000 SF assembled site at 3625 Rae Avenue in the Joyce Collingwood area of East Vancouver.

The proposed plan for the site is a stacked townhouse development that includes:

  • 25 townhouse units;
  • 8 two-bedrooms, 8 three-bedrooms and 9 four-bedrooms;
  • a total density of 1.40 FSR;
  • one level of underground parking, having vehicular access from the North lane, on this site.

3625 Rae_1 3625 Rae3625 Rae_2

The application describes the design rationale: “The project consists of two buildings, one is 3 1/2 storey along North of the lane and one 2 1/2 storey massing fronting Rae Avenue to provide visual transition to the lower height neighbourhood.”

Under 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 Matthew Cheng.

The site was assembled in 2016 for $8,100,000 or $290 per buildable SF based on the application.

August 3, 2017by david.taylor@colliers.com
Development

17 Townhouse Units Planned for Park Drive & Granville Site

A development application has been submitted to the City of Vancouver for permission to consolidate three single family lots at the Southeast corner of Granville Street and Park Drive in marpole.

The proposed development plan for 1488 Park Drive (entitled ‘Park Grand’) is for a new 3-storey residential building(s), consisting of:

    • 17 units;
    • a total density of 1.19 FSR;
    • 26 parking spaces in an underground garage having vehicular access from the lane.

Under the site’s existing RM-8N zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

1488 Park_4 1488 Park_3 1488 Park_2 1488 Park_1 1488 ParkThe site was assembled by Grandlake Investments Corp. in 2016 for a total of $8,670,000, or $377 per buildable SF.

The architect for the project is Cornerstone Architecture.

August 3, 2017by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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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

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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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