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

Two Towers, 401 Condo Units Planned for West End Site

Bosa Properties, in partnership with Kingswood Properties, has submitted their rezoning application for the site they own at the Southwest corner of Alberni Street and Bidwell; half a block East of Denman Street in the West End of Vancouver.

The site is an assembly of two existing strata residential properties. The smaller strata building at 735 Bidwell was acquired in 2015 for $43,680,000.

The proposal, entitled “1700 Alberni” is to allow for the development of two residential towers (30-storey east tower and 34-storey west tower) over a five-storey mixed-used podium. The zoning would change from RM-5C to CD-1 District. The proposal includes:

  • 401 condo units;
  • 12 studios, 160 one-bedrooms, 199 two-bedrooms & 30 three-bedrooms;
  • 14,700 SF of ground floor retail;
  • a 24-space childcare facility;
  • A total density of 10.88 FSR;
  • Building heights of 345 ft. for the east tower and 385 ft. for the west tower;
  • 499 vehicle parking spaces, 20 visitor parking spaces, 3 commercial parking spaces, 2 childcare parking spaces, and 524 bicycle parking spaces

The application is being considered under the Rezoning Policy for the West End.

The architect for the project is Heatherwick Studio, in partnership with local team IBI Group.

The full rezoning application can be viewed here: https://shapeyourcity.ca/1728-alberni-st-and-735-bidwell-st

January 11, 2021by david.taylor@colliers.com
Apartment, Investment, Retail

SOLD: West Vancouver Investment Property

We are pleased to announce the successful sale of 6605 Royal Avenue in the Horseshoe Bay Village area of West Vancouver. The property consists of a residential unit above four retail units, all located on a 6,020 SF site.

Please contact me for further details on this off-market transaction.

January 11, 2021by 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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