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, Condo, Development

Condos & Rentals Pitched for North Van Site

The Dammholz Group of Companies has applied to the District of North Vancouver to redevelop seven existing single-family lots to create two, 4-storey buildings: one condo, and one market rental.

The site is located on the north side of West 16th Street, with Pemberton
Avenue to the east and Marine Drive to the north. The site is 31,691 SF in area and is comprised of seven single-family lots, currently occupied by six houses.

The Official Community Plan (OCP) designates the site as “Residential Level 5″(RES5) which envisions low-rise apartments at a density of up to
approximately 1. 75 FSR.

Details of the proposal include:

  • 31 condo units;
    • 9 one-bedrooms, 16 two-bedrooms & 6 three-bedrooms;
  • 31 market rental units;
    • 9 one-bedrooms, 16 two-bedrooms & 6 three-bedrooms;
  • a total density of 1.75 FAR;
  • 70 underground parking stalls on one level;
  • a CAC of $1,002,795.

The architect for the project is Cornerstone Architecture.

October 12, 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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