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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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, Office

12-Storey Mass Timber Office & Industrial Building Planned for Mount Pleasant Site

PC Urban and Hines have submitted their development application for 123 East 6th Avenue, at the Northeast corner of East 6th and Quebec in Mount Pleasant.

The proposal is for a 12-storey mixed-use office and industrial building (named ‘T3 Mount Pleasant’) within the I-1B zoning guidelines. Schedule and comprises 196,351 sf of floor area. The project also consists of the relocation, designation and conservation of an existing two-storey 10,632 sf SFU Annex heritage building for the purpose of delivering to the City to operate as an arts centre.

The project will be constructed using a mass timber superstructure and designed according to Hines’ proprietary “T3 system” which combines timber, transit and technology.

Details of the project include:

  • 196,351 SF of gross floor area;
  • A total density of 6.60 FSR;
  • A proposed height of 150 ft.;
  • Three levels of underground parking, having vehicular access from the lane.

The architecture team for the project is DLR Group with Proscenium Architecture.

April 12, 2022by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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David Taylor Personal Real Estate Corporation

Colliers International

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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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