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, Office, Retail

11-Storey Mixed Use Building Proposed for Granville Street Site

Buffalo Investment have submitted an application to rezone the vacant former gas station site at 8655 Granville Street. The 15,076 SF site located on the West side of Granville Street, just South of West 70th Avenue. It is currently zoned C-2 but was redesignated as part of the Marpole Community Plan.

The proposal consists of an 11-storey mixed-use building and includes:

  • 55 condo units;
    • 19 one-bedrooms, 27 two-bedrooms & 8 three-bedrooms;
  • 8,605 SF of retail space;
  • 8,090 SF of office space on the 2nd floor;
  • A building height of 126 ft.;
  • A total density of 4.10 FSR; and
  • 73 underground parking spaces and 110 bicycle spaces.

The application is being considered under the Marpole Community Plan.

The site was acquired by Buffalo in February 2018 for $20,000,000 or $316 per buildable SF based on the application.

The architect for the project is GBL Architects.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/8655granvillest/index.htm

November 19, 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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