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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Condo, Development

29-Unit, 5-Storey Building Planned for 12th Street in New Westminster

Rezoning and Development Permit applications have been submitted by Marchentic Holdings for a site at the corner of Twelfth and Dublin Street in New Westminster (841 12th Street).

The 13,099 SF site consists of two lots (837 and 841 Twelfth Street) and is located at the southeast corner of Twelfth and Dublin Streets at the edge of the Moody Park neighbourhood.

The proposal is for a new 5-storey residential building that includes:

  • 29 condo units;
    • 21 two-bedrooms & 8 three-bedrooms;
  • a total density of 2.13 FSR;
  • 51 parking spaces.

The architect for the project is Zhao XD Architect Ltd.

October 4, 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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