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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Condo, Development, Office, Retail

7-Storey Condo Building Pitched for Lower Lonsdale Site

Staburn Group have submitted a rezoning application for a 12,000 SF site at 119-123 East 2nd Street in the Lower Lonsdale area of North Vancouver. The site is currently improved with two small commercial buildings.

The site is designated Mixed Use Level 4A (High Density) (MU4A) in the Official Community Plan. This designation allows for a mix of commercial and residential use with a maximum density of 3.6 FSR (including 1.0 bonus FSR) and a maximum height of 8-storeys.

The proposal envisions a 7-storey condo building with commercial uses on the ground floor.

Details include:

  • 28 condo units;
    • 5 one-bedrooms, 14 two-bedrooms & 9 three-bedrooms;
  • 3,466 SF of office space;
  • 3,563 SF of retail space;
  • a total density of 3.60 FSR;
  • 48 underground parking spaces.

The architect for the project is RHA Architects.

April 29, 2022by david.taylor@colliers.com
Condo, Development, Retail

90 Condo Units Planned for North Van Site

Polygon has submitted a rezoning application to the City of North Vancouver for a site they own at 818-858 West 15th Avenue, near the intersection of Marine Drive and Fell Avenue.

The site is located mid-block on the North side of West 15th Street and is currently improved with an older single-storey commercial building.

The site is designated Mixed Use Level 2 in the Official Community Plan. This designation allows for a mix of commercial and residential uses with a maximum density of 2.5 FSR (including 0.5 bonus FSR).

The proposal is a 6-storey condo building with retail at grade. Details include:

  • 90 condo units;
    • 65 one-bedrooms, 15 two-bedrooms & 10 three-bedroooms;
  • 11,000 SF of retail space;
  • a total density of 2.50 FSR;
  • 129 parking stalls.

The architect for the project is SHIFT Architecture.

April 29, 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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