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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Apartment, Development

42-Unit Rental Building Planned for East Hastings Corner Site

Mosaic Homes has submitted an application to rezone a site at East Hastings and Lakewood in the Grandview Woodland area. The 11,098 SF site at 2109 East Hastings (known to most by it’s long term tenant – Dairy Queen) is currently zoned C-2C1, and the proposed rezoning is for a development of a 6-storey mixed-use building with commercial uses at grade.

The proposal includes:

  • 42 secured market rental residential units;
  • 12 studios, 14 one-bedrooms, 14 two-bedrooms and 2 three-bedrooms;
  • 4,700 SF of ground-floor retail;
  • A total floor area of 35,512 SF;
  • A total density of 3.20 FSR;
  • A height of approximately 73 ft.; and
  • 45 underground parking spaces.

2109 East Hastings 2109 East Hastings_1 2109 East Hastings_2

This application is being considered under the Grandview-Woodland Community Plan.

Mosaic acquired the site in 2016 for $5,450,000, or $153 per buildable SF.

The architect for the project is Yamamoto Architecture.

September 28, 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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