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

392 Rental Units Proposed for Oakridge Site

A rezoning application has been submitted for a six-lot land assembly at 5562-5688 Manson Street, just North of West 41st Avenue in the Oakridge area of Vancouver.

The application is being made by an investor group managed by Mirage Management.

The project, entitled ‘Oakridge Residences’, is to allow for the development of two 18-storey rental buildings and includes:

  • 392 rental units;
  • 20% below market units;
  • a 37-space childcare facility
  • A total density of 5.97 FSR;
  • A building height of 209 ft.;
  • 227 underground parking spaces and 733 bicycle spaces

The application is being considered under the Cambie Corridor Plan.

The architect for the project is DA Architects + Planners.

The rezoning application can be viewed here: https://shapeyourcity.ca/5562-5688-manson-st

November 4, 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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