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

Redevelopment Plan for SE Marine White Spot Property Includes 3-Storey Light Industrial

Shato Holdings has applied to the City of Vancouver for permission to redevelop the White Spot property at 1126 SE Marine Drive, at the corner of Ross Street in South Vancouver, with a new 3-storey Wholesale Industrial project, entitled “Sunrise Industrial Centre”.

The White Spot on the property is reportedly closing down this spring.

The proposal includes:

  • A gross floor area of 134,421 SF;
  • A density of 1.43 FSR;
  • A building height of 73.5 ft.;
  • Parking located in one level below grade, on surface and on the second storey with vehicular access from Ross Street.

Under the site’s existing I-2 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is TKA+D Architecture + Design.

The development application can be viewed here: https://shapeyourcity.ca/1126-se-marine-dr

February 14, 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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