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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Investment, Retail

FOR SALE: Fully Leased East Vancouver Retail Property

We are pleased to introduce this 5,005 SF retail property in East Vancouver. Please contact us for further details.

April 17, 2019by david.taylor@colliers.com
Condo, Development

Rezoning Plan for West Georgia White Spot Calls for 455 Condo Units in Two Towers

The formal rezoning application has been submitted for the White Spot site on West Georgia Street at Cardero Street. The long anticipated application calls to rezone 1608-1616 West Georgia Street to allow for the redevelopment of the site for two 38-storey luxury condo towers.

The site sold in 2017 for $245 Million in an off-market transaction to Carnival International Holdings in partnership with Aspac.

The proposal is for two residential towers above a 4-storey podium, including:

  • 455 condo units;
    • 216 one-bedrooms, 179 two bedrooms, 56 three-bedrooms & 4 townhouses;
  • A total density of 9.60 FSR;
  • Six levels of underground parking with 503 vehicle parking stalls and 911 bicycle parking spaces.

This application is being considered under the West End Community Plan and the Rezoning Policy for the West End.

The architects for the project are Pelli Clarke Pelli in partnership with IBI Group.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/1608-1616WGeorgia/index.htm

April 17, 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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