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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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Condo, Development

50-Unit Building Planned for South Granville Site

Anthem Properties has submitted a development application for permission to redevelop a 19,700 SF site on south side of West 6th Avenue between Granville and Fir Streets in the Burrard Slopes/South Granville area. The site is currently improved with four older commercial buildings.

The plan for 1558 West 6th Avenue includes a new 11-storey condo building including:

  • 50 condo units;
    • 1 studio, 9 one-bedrooms, 24 two-bedrooms & 16 three-bedroom units;
  • a building height of 100 ft.
  • a total density of 3.3 FSR;
  • 78 parking spaces on two levels of underground parking.

The application describes the design rationale: “The project brings a high standard of livability to Burrard Slopes, and further enhances the area as an attractive, cohesive and primarily residential neighbourhood. It consists of 50 residential units organised within a single mass which combines a tower with low-rise elements. The western half of the site is occupied by 7 dual-aspect 3 storey townhomes, which share a common
courtyard. The remainder of the site features a 7 storey tower over 4 storey podium including townhomes at street level. Most suite types are 2 and 3 bed suites. Parking and bicycle storage is contained in an underground parkade accessed from the side
lane.”

Under the site’s existing C 3-A zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Development Permit Board.

The architect for the project is Office of Macfarlane Biggar Architects + Designers.

March 7, 2019by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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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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