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, Office, Retail

24-Storey Office Tower Slated for West Broadway Site

Yuanheng has submitted their rezoning application for the Pattison Toyota site at the Northeast corner Broadway and Hemlock (1395 West Broadway).

The proposal is a 24-storey office building that includes:

  • 273,442 SF of office space;
  • 24,000 SF of retail and restaurant space at grade;
  • A total density of 8.64 FSR;
  • A building height of 300 ft.;
  • 392 underground parking spaces and 172 bicycle spaces.

The application is being considered under the Metro Core Jobs & Economy Land Use Plan and Policy on Consideration of Rezoning Applications during the Broadway Planning Process.

Yuanheng acquired the site in 2012 for $30,000,000 or $101 per buildable sq ft. based on the application.

The architect for the project is Andrew Cheung Architects.

July 5, 2021by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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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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