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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Development

Third Phase of Oakridge Vancouver to Include Community Facilities and Social Housing Tower

The development permit application has been filed for Oakridge Centre’s third phase. Oakridge Centre is owned by Quadreal and Westbank who previously rezoned the 28-acre site to allow a reconfigured mall, with several residential towers, office space, amenities and a public park.

The first and second phase of ‘Oakridge Vancouver‘ comprise the buildings along the North and East portion of the overall site and were approved for a development permit in late 2018 and early 2019.

This third development permit application consists of Northwest corner of the site, where the Bay surface parking currently is.

The application for this phase includes the following:

  • a new 5-storey Civic Centre comprising:
    • a Fitness Centre, Library, Child Daycare Facility, 55+ Senior’s Centre, Youth Services Hub, Performance Space, Artist-in-Residence Studios, and associated ancillary Cultural/Recreational spaces
  • a new 22-storey tower containing 187 Social Housing Units;
  • three levels of underground parking with 208 stalls;
  • A portion of the future 9-acre Park;
  • A total Floor Space Ratio of 0.11 FSR.

This is one of two non-market portions of the overall project. A future 10-storey building with 102 social housing units will be built as part of a later phase.

The application describes the design rationale: “The architectural expression of the DP4 scope of the project facilitates a gradual transition from the Oakridge buildings into the low-rise surrounding neighbourhood, serving as a gateway into the site. The corner of the West 41st Avenue and New Street is at the confluence of shifting urban scales. The Civic Centre and Social Housing tower bridge the urban scale between Buildings 3 & 4 and the surrounding low-rise neighbourhood to the west. Similarly, the Social Housing tower massing transitions to the south into a ribbon of mid-rise buildings along New Street, echoing the scale of the surrounding neighbourhood. The curved massing of the Civic Centre delineates and embraces the at-grade Civic Park, acting not just as a pedestrian and vehicular gateway to the site along West 41st Avenue, but also from the neighbourhood to the park through its central atrium. Around the Civic Centre, active plazas and public spaces help mediate between the surrounding urban scales.”

The architect for the project is Henriquez Partners.

August 8, 2019by david.taylor@colliers.com
Condo, Development

15-Unit Townhouse Project Planned for Mount Pleasant Site

A development application has been submitted for a 12,134 SF site on East 7th Avenue, half a block West of Clark Drive in East Vancouver. The site is currently improved with three older single family homes and features a significant slope.

The application permission to develop the RM-4 zoned site with a new 5-storey stacked townhouse project that is proposed to be built to the Passive House standard. Details of the proposal include:

  • 15 stacked townhouse units;
    • 7 two-bedrooms & 8 three-bedrooms;
  • two buildings with a central courtyard;
  • a total density of 1.52 FSR (with passive house bonuses);
  • 15 parking stalls and 44 bike stalls in one level of underground.

Under the site’s existing RM-4 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 Cornerstone Architecture.

August 8, 2019by david.taylor@colliers.com
Investment, Office

Richmond Office Building Sells in $25 Million Deal

8171 Cook Road, a 26,000 SF, 3-storey concrete office building in Richmond has sold for $25,000,000 to TPMG Capital.

The building is located at the northwest corner of Cook Road and Buswell Street and is designated as Urban Core T6 in the City of Richmond’s City Centre Area Plan.

August 8, 2019by david.taylor@colliers.com

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
11 May

District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews

Reply on Twitter 2053908262093742433 Retweet on Twitter 2053908262093742433 Like on Twitter 2053908262093742433 X 2053908262093742433
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
Load More

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved