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

Proposal for 52-Storey Tower at 601 Beach

Pinnacle International held a pre-application open house for their 601 Beach Crescent site, adjacent the Granville Street Bridge and acquired from the City. The site is intended to form the other side of the ‘Gateway’ with Vancouver House on the West side of the Granville Bridge.

Preliminary details of the proposal include:

  • A 52-storey tower;
  • A total building height of 535 ft;
  • 152 non-market housing units;
  • Market residential units.

The site was identified for a taller tower as part of the City’s 2011 “Vancouver Views” policy which created an opportunity for two sites at the Granville Bridge Gateway. (The other being Vancouver House).

The architect for the project is JYOM International with GBL Architects.

May 15, 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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