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

6-Storey Rental Building Proposed for 30 ft. East Vancouver Lot

A rezoning application has been submitted for a 30 ft. lot at the Northeast corner of Slocan and East 27th Avenue in East Vancouver.

The 3,372 SF site at 4310 Slocan Street is currently a martial
arts center owned by the applicant. The lot sits directly adjacent a 4-storey, 41-unit rental building called The Beacon, that was completed in 2017.

The proposal is to allow for the development of a 5-storey (plus amenity level) rental project that includes:

  • 8 secured market rental units;
  • 2 studios, 2 on-bedrooms, 3 two-bedrooms & 1 three-bedroom;
  • 1,600 SF of retail space at grade;
  • A total density of 2.83 FSR;
  • A building height of 62.3 ft.;
  • 3 surface parking lots at the lane.

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

The architect for the project is Matthew Cheng.

December 16, 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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