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

128-Unit Rental Building Proposed for Downtown Site

A rezoning application has been submitted by Pacific Reach Properties for a site they own at 314-328 West Hastings Street in Downtown Vancouver.

The site is currently comprised of three older lowrise commercial buildings.

The proposal is to allow for the development of a 12-storey mixed-use, rental apartment building that includes:

  • 128 market rental units;
    • 87 studios, 5 one-bedrooms, 15 two-bedrooms & 21 three-bedrooms;
  • 4,300 SF of retail space at grade;
  • A total density of 8.16 FSR;
  • A building height of 105 ft.;
  • 8 vehicle parking spaces and 279 bicycle parking spaces.

The application is being considered under the Downtown Eastside Plan and the Rezoning Policy for the Downtown Eastside.

The architect for the project is Pacific Atelier Architecture.

June 1, 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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