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

Increased Height & Density Pitched for Ashley Mar Co-Op Redevelopment

Intracorp has submitted a revised rezoning application for the Ashley Mar Co-op site 8460 Ash Street in the Marpole area of Vancouver.

Their original rezoning application from 2019 envisioned three towers at 15, 24, 27 storeys and included 457 rental units.

The new application proposes increased tower heights, density and more units in exchange for increased setbacks along Ash Street to allow for improved tree retention. The proposal now includes:

  • Three towers at 16, 27 and 31 storeys;
  • 1-for-1 replacement of the existing 54 Ashley Mar Housing Co-operative units;
  • 71 additional non-market housing units;
  • 524 secured market rental units;
  • 1 commercial-retail unit;
  • A total density of 8.21 FSR (up from 7.54 FSR)
  • A max building height of 304 ft. (up from 267 ft);
  • 195 vehicle parking spaces and 1,297 bicycle parking spaces.

The application is being considered under the Marpole Community Plan and the Ashley Mar Issues Report (February 11, 2020).

January 24, 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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