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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Development

30-Storey Tower Proposed for West End Corner Site

A partnership between Strand Development and Intracorp has submitted a rezoning application for a 17,292 SF site at 1068-1080 Burnaby Street and 1318 Thurlow Street. The site is currently zoned RM-5A but has been redesignated within the West End Community Plan for higher density. The rezoning designation requires that 25% of the gross floor area is social housing. The site is currently improved with two older lowrise apartment buildings and a 12-unit strata building.

Our team sold this site just a few months ago.

1318 Thurlow_1

The proposal is for a 30-storey residential tower that includes:

  • 82 market residential units;
  • 39 social housing units;
  • 3 studios, 21 one-bedrooms, 71 two-bedrooms, 24 three-beds and 2 four-beds;
  • a total density of 8.94 FSR;
  • a building height of 290 ft.; and
  • four levels of underground parking with 176 vehicle parking stalls and 160 bicycle parking spaces.

1318 Thurlow_2 1318 Thurlow_3 The building height and overall density (including social housing) was required to be reduced in order to accommodate an obscure urban design guideline that restricts any shadows from being cast onto the North Davie Street sidewalk at 4pm on the equinox dates.1318 Thurlow_4

The application is being considered under the West End Community Plan. The application describes the design rationale of the market housing component:

“The market housing component of the tower has been planned with large , spacious floor plans that provide generous and functional living spaces. All family oriented homes are anchored at one of the four corners of the tower by a large outdoor covered terrace; this outdoor space becomes the focal point of the living spaces within and maximizes access to natural light, outdoor living opportunities , and cross -ventilated air. Homes of this nature will fill the needs of families, urban professionals and downsizers equally well, and will help to foster an integrated community of unique, liveable homes.”

The architect for the project is NSDA Architects.

October 12, 2017by david.taylor@colliers.com

Search the Site

Vancouver Market Follow

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

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

Reply on Twitter 2042378406193738120 Retweet on Twitter 2042378406193738120 Like on Twitter 2042378406193738120 1 X 2042378406193738120
Load More

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved