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, Office

4-Storey Office & Industrial Building Latest Proposal for Mt. Pleasant

A development application has been submitted for a corner lot in Mount Pleasant. The site at 2425 Manitoba Street, across West 8th Avenue from Jonathan Rogers Park, is 5,049 SF. The site is zoned I-1 which allows for up to 3.0 FSR density with mixed commercial and industrial uses.

The development proposal for the site is a new 4-storey mixed use building that includes:

  • two levels of manufacturing (ground and mezzanine)
  • three levels of office space
  • a total building size of 15,159 SF;
  • a total density of 3.0 FSR;
  • a total building height of 60 ft.
  • two-levels of underground parking with 20 stalls accessed from the rear lane.

Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is MGBA.

October 18, 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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