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, Office, Retail

12-Storey Mixed Use Project Envisioned for Port Moody Site

A preliminary rezoning and OCP amendment application has been submitted by 100 Developments to the City of Port Moody for a new mixed-use development at 2115-2131 St. Johns Street in the Moody Centre area.

The 1-acre site is made up of five single family parcels located on the south side of St. Johns Street and west of Douglas Street.

The OCP designates the subject site for Multi-Family Residential uses up to a maximum of 6
storeys.

The development proposal consists of two 12-storey mixed-use buildings (one residential and
one office building, each with commercial uses, and includes the following:

  • 80 condo units;
  • 36 seniors units with 50% as affordable rental;
  • 89,500 SF of strata office space;
  • 21,600 SF of retail space;
  • a total density of 6.3 FAR;
  • 3,500 SF of daycare space;
  • 325 parking stalls.

A Heritage Revitalization Agreement (HRA) to retain the Martha Johnston Residence and convert it into a medical office (the HRA would take place of a Zoning Bylaw amendment to rezone the site).

The architect for the project is Bite Design Group.

July 20, 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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