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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Apartment, Development, Retail

43-Unit Rental Building Planned for Kingsway

The latest Rental 100 application is for a site at 1265-1281 Kingsway, next door to another application from December 2019 for a 43-unit project at 1247 Kingsway.

The site is currently zoned C-2 but the rezoning would allow for the development of a 6-storey mixed-use residential building including:

  • 43 market rental units;
    • 20 studios, 5 one-bedrooms, 16 two-bedrooms & 2 three-bedrooms;
  • 3 retail units at grade;
  • a total density of 3.70 FSR;
  • a maximum height of 69 ft.; and
  • 51 underground parking stalls and 89 bicycle spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

As with the project next door, the architect for this one is Stuart Howard.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/1265-1281kingsway/index.htm

March 1, 2020by david.taylor@colliers.com
Apartment, Development

65-Unit Rental Building Slated for Marpole

The latest rental rezoning application has been submitted. This one is for a site at 1325 West 70th Avenue, three blocks East of Granville Street.

The current zoning for the site is RM-3A and the property is improved with an older lowrise apartment building. This apartment area allow densification under the Marpole Community Plan.

The application calls for the development of a 6-storey residential building including:

  • 65 market rental units;
    • 4 studios, 27 one-bedrooms, 17 two-bedrooms & 7 three-bedrooms;
  • a total density of 2.38 FSR;
  • a maximum height of 63 ft.; and
  • 50 underground parking stalls and 112 bicycle spaces.

The application is being considered under the Marpole Community Plan

The architect for the project is Matthew Cheng.

March 1, 2020by 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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