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

130-Unit Building Planned for Oak & 64th Corner Site

A rezoning application has been submitted for a 40,430 SF, seven-lot land assembly at the Southeast corner of Oak Street and West 64th Avenue in Marpole.  The plan for 988 West 64th Avenue and 8030-8130 Oak Street is to rezone from the current RS-1 zone to allow three 6-storey residential buildings, including:

  • 130 market residential units;
  • 31 studios, 49 one-bedrooms, 36 two-bedrooms & 14 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 68.6 ft. from grade; and
  • two levels of underground parking with 151 vehicle parking spaces and 169 bicycle spaces.

 

The application is being considered under the Marpole Community Plan.

The architect for the project is Arno Matis Architecture.

January 29, 2018by 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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