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

42 Condo Units Planned for Arbutus & 10th Site

Bastion Developments has applied to the City of Vancouver for permission to develop a 5-storey, mixed-use building at the Southwest corner of Arbutus & 10th, formerly Gordon’s Auto Body. The C-8 zoned site is 17,248 sq ft.

The proposal for the site is a mass timber, passive house condo building with:

  • 42 condo units;
  • 21 one-bedrooms & 21 two-bedrooms;
  • 2,700 sq ft of retail and restaurant space;
  • a total density of 2.36 FSR;
  • A height of 60 ft.;
  • Three levels of underground parking providing 82 parking spaces having vehicular access from Cranberry Drive at the rear.

The architect for the project is Stephane Laroye.

The full development application can be viewed here: https://shapeyourcity.ca/2120-w-10-ave

Bastion acquired the site in 2018 for $23,000,000 or $529 per buildable sq ft based on the application.

July 26, 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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