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

100-Unit Rental Building Planned for Fraser & 28th Site

A rezoning application has been submitted by Strand and Locarno for a 6-lot assembly comprising a full city block on Fraser Street between East 28th and East 29th Avenues in East Vancouver.

The full city block comprises 24,009 sq ft.

The proposal follows Strand’s current 121-unit rental development of ‘The Fraser‘ just five blocks North on the other side of Fraser Street.

The proposal for the 28th and Fraser site is to allow for the development of a 6-storey mixed-use rental building that includes:

  • 100 market rental units;
  • 16 studios, 36 one-bedrooms, 42 two-bedrooms & 4 three-bedrooms;
  • 3,600 sq ft of restaurant space;
  • 5,500 sq ft of retail space;
  • A total density of 3.65 FSR;
  • rooftop amenity space;
  • A building height of 79 ft.;
  • 97 underground vehicle parking spaces and 200 bicycle parking spaces.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Integra Architecture.

August 16, 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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