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

67-Unit Infill Development Proposed for West Van Site

Sterling Pacific Developments have put forward a preliminary development proposal for a 4.5 acre site in the Eagle Harbour area of West Vancouver, located between Caulfield and Glen Eagles. The site is on Daffodil Drive and is bordered by the CN Railway, Westport Road and Eagle Creek.

A previously approved subdivision plan anticipated 10 large single family lots for 5,500 – 7,000 SF houses.

The preliminary plan for the project, entitled ‘Aquila’, includes:

  • 67 townhouse and duplex units;
  • 3 and 4 bedrooms units ranging from 1300 to 2400 SF;
  • Unit prices ranging from $1,100,000 to $1,900,000;
  • a total density of 0.52 FAR;
  • a new playground.

The architect for the project is Formwerks.

The application is only preliminary and seeking public consultation before moving to a formal application.

July 23, 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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