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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Development, Office, Retail

7,000 SF Commercial Building Planned for Lower Lonsdale Site

A rezoning application for a 2,752 SF site at the corner of Carrie Cates Court and Lonsdale, directly across the street from Lonsdale Quay. 1 Lonsdale Avenue is currently occupied by an italian restaurant, Gusto Di Quattro. The site has been owned by the Babalos family since 1941 and they are the developers. 

The application seeks to amend a previous CD zoning to support a new 3-storey passive house commercial building that would consist of a ground floor restaurant and two levels of office space above. Due to the site’s small size, off-street parking is not possible and the applicant is requesting a waiver.

Details of the proposal include:

  • a total floor area of 6,963 SF;
  • 2,159 SF of restaurant space;
  • 4,804 SF of office space;
  • a density of 2.53 FSR;
  • a building height of 39 feet.

The architect for the project is John Hemsworth.

July 13, 2018by david.taylor@colliers.com
Condo

12-Storey, 37-Unit Building Planned for Rodgers Creek Area of West Vancouver

British Pacific Properties have submitted a development permit application to the District of West Vancouver for Lot 1 of the Rodgers Creek Neighbourhood, a master planned development approved in 2008 that is comprised of mostly ground-oriented and apartment units spread over 13 lots, totaling 269 units. Lot 1 is approximately 2 acres in size and is located just off of Cypress Bowl Road. 

The proposal for Lot 1, entitled “Treehouse” includes a 12-storey flagship condo building, including:

  • 37 condo units;
  • Unit sizes from 1,847 SF to 2,804 SF;
  • a total site coverage of 17%;
  • 74 parking spaces & 74 bicycle parking spaces.

The application describes the design rationale: “Rather than beginning with a single impervious mass, the architecture is an assemblage of vertical masses, scaled to the height to the surround trees. The process is inspired by the Ecology of a tree, from which two Service Trunks reach out to capture daylight and fresh air. Spaces grow and extend organically, reaching southward to the view and northward engaging with the site. These shoots form physical connections to nature, creating outdoor living spaces and at grade connections. On the top three floors, the units branch out to form a canopy in the sky. These units will be caught between the forest and the water, offering amazing views and experiences throughout the units.”

The architects for the project are Olson Kundig in conjunction with Ramsay Warden Architects.

July 13, 2018by david.taylor@colliers.com

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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

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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