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

Townhouses Pitched for West Vancouver’s ‘Salmon House’ Property

The owners of the well known the property currently occupied by the well known ‘Salmon House on the Hill’ property in West Vancouver have submitted a Preliminary Development Proposal for the redevelopment of the property at 2221-2229 Folkestone Way.

The proposal includes a new smaller restaurant building totaling 4,500 SF and 10 townhome units averaging 2,700 SF each.

The total density for the site would increase from 0.28 FSR to 0.58 FSR. The overall parking would be reduced from 63 stalls currently, to 58 stalls.

The proposal is being considered under Policy 2.1.5 of the Official Community Plan for commercial sites. The application is still preliminary and has not been submitted as a formal application yet. An online open house will be held on March 16, 2022.

March 3, 2022by 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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