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, Office, Retail

Application for 6th Phase of Oakridge Vancouver

QuadReal and Westbank have submitted their development application for the 6th phase of the Oakridge Vancouver redevelopment.

This phase is for the central portion of the overall site and completes the interior facing portion of the mall as well as the 9-acre park above it, and an area called The Commons, which is intended as a hub of outdoor activity
adjacent to a wide variety of restaurants and eating places around it.

This phase also includes a single storey of retail use, 1 storey of mixed retail and office use, 3-storey office podium, and a 27-storey condo tower (‘Tower 12’), over three storeys of underground parking.

The rooftops over the retail and office spaces are fully landscaped and include a public park with a variety of spaces for events, recreation, a dog run, and an 800-metre running-walking loop.

Details include:

  • 171 condo units;
  • 139,000 sq ft of office space;
  • 148,000 sq ft of retail space;
  • 4,500 sq ft of restaurant space;
  • a tower height of 338 ft.;
  • 556 underground parking stalls.

The architect for the project is Henriquez Partners Architects.

July 6, 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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