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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Condo

116 Units Planned for Burquitlam Lowrise Site

Woodbridge Properties has submitted rezoning and development permit applications to the City of Coquitlam to allow the development of a 6-lot land assembly at the Southwest corner of Como Lake Avenue and Dogwood Street in the Burquitlam area.

The 1.07 acre site is located in  in the Burquitlam Lougheed Neighbourhood Plan (BLNP) area and is 410 meters from Burquitlam Skytrain Station. The OCP allows rezoning from the existing RT-1 Two-Family Residential to RM-3 Multi-Storey Medium
Density Apartment Residential.

The proposed development envisions two 6-storey condo buildings connected by a common amenity space that include:

  • 116 condo units;
  • 28 one-bedrooms, 84 two-bedrooms & 4 three-bedrooms;
  • a total density of 2.30 FAR;
  • 6,626 SF indoor and outdoor amenity space;
  • 170 underground parking spaces.

The architect for the project is Ciccozzi Architecture.

September 12, 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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