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

28-Unit Townhouse Project Upcoming in Port Moody

The Allaire Group and Headwater Projects has applied to the City of Port Moody to redevelop four single family lots at 64-74 Seaview Drive at Clarke Road near the Coquitlam border. The lots total 40,121 SF and are designated Single Family Low Density in the Official Community Plan (OCP) and are zoned One-Family Residential (RS1). The proposal requires an amendment to the OCP to change the land use designation to Multi-Family Residential.

The proposal is for a new townhouse development that includes:

  • 28 townhouse units
  • All three-bedrooms (1,304 SF to 1,731 SF)
  • a total density of 0.95 FAR;
  • 62 underground parking spaces;
  • A $6 per SF CAC payment.

64 Seaview Drive67 Seaview_267 Seaview_1 67 Seaview

The architect for the project is Integra Architecture.

October 20, 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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