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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Development

PCI Acquires Cambie & 41st Site

PCI Group has acquired the prominent former Esso gas station site, now vacant, at the Northeast corner of 41st and Cambie from Coromandel Properties for $40,000,000.

The 130′ x 122′ C-2 zoned site was acquired by Coromandel from Imperial Oil in 2014 for $15,800,000.

Site diagram from a previous (now expired) development application for the site.

There have been no rezoning applications submitted to date, although the Cambie Corridor Plan identifies the site for a tower up to 150 ft. in height.

November 5, 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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