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

Rental Building Proposed for Arbutus & 16th

Strand Development has submitted a rezoning application for the gas station site at the Southwest corner of Arbutus & West 16th in Vancouver. The site at 3205 Arbutus Street is 16,776 SF and currently zoned C-2.

The proposal is a 4-storey rental building that includes:

  • 54 market rental units;
    • 12 studios, 23 one-bedrooms, 17 two-bedroom & 2 three-bedrooms;
  • 4,274 SF of retail space facing Arbutus;
  • A total density of 2.50 FSR;
  • rooftop amenity space;
  • A building height of 60 ft.;
  • 39 car parking spaces and 102 bike parking spaces.

The application is being considered under the Secured Rental Policy

The slope of the site allows parkade access directly into the P1 level and facilitates a mezzanine level of residential units along the lane, while maintaining a 4-storey expression along Arbutus Street.

The project is meant as a “sister” building to the recently completed Kits Walk building located at 2075 West 12th Avenue.

The architect for the project is Yamamoto Architecture.

November 7, 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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