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

Port Moody Site Sells in $18.8 Million Deal

A prominent site in Port Moody has sold to Marcon Homes for $18,800,000. The 2.0 acre vacant lot at the corner of St. Johns Street and Barnett Highway is located at the Western edge of the City’s Moody Centre rezoning area, which allows for rezoning up to 6-storeys in height.

2021-2025 St. Johns Street was previously listed with an asking price of $26,000,000.

There is no word yet on a rezoning application.

January 23, 2019by 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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