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

8-Storey Mixed-use Building Planned for Oak & 67th

A rezoning application has been submitted for the strip retail building at the corner of Oak Street and West 67th Avenue in Marpole, formerly home to Starbucks.

8257 Oak Street is zoned C-1 and totals 18,207 SF. The proposal consists of an 8-storey mixed-use building over two levels of underground parking and includes:

  • 62 condo units;
    • 4 studios, 36 one-bedrooms, 16 two-bedrooms & 3 three-bedrooms;
  • 5,988 SF of retail space on the ground floor;
  • 8,713 SF of office space on the 2nd floor;
  • A total density of 3.5 FSR;
  • A maximum building height of 104 ft.; and
  • 69 parking spaces and 124 bicycle spaces.

This application is being considered under the Marpole Community Plan.

The architect for the project is GBL Architects.

The site was purchased in 2018 for $20,000,000 or $314 per buildable SF based on the application.

November 27, 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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