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

Rental Building Proposed for Main Street Site

A rezoning application has been submitted by Vorden Development Corp. for an 18,487 SF site at 4906-4958 Main Street, at the southeast corner of Main Street and East 33rd Avenue within the Riley Park-Little Mountain neighbourhood of Vancouver.

The proposal plans to replace this 5-lot assembly with a new 6-storey rental building that includes:

  • 72 market rental units;
    • 22 studios, 24 one-bedrooms, 14 two-bedrooms & 12 three-bedrooms;
  • 8,000 SF retail space at grade;
  • a total density of 3.20 FSR;
  • A building height of 21.5 m (70.5 ft.); and
  • 75 vehicle parking spaces and 147 bicycle parking spaces.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is WT Leung.

October 15, 2022by david.taylor@colliers.com
Apartment, Development, Retail

192-Unit Rental Building Pitched for Port Moody Site

Anthem Properties has submitted a rezoning and development permit application to the City of Port Moody for a 1.1 acre site at 3121-3127 St. Johns Street and 110-118 James Road.

The site is located across James Road from Moody Middle School and is comprised currently of a parking lot, a house and a duplex.

The location of the site is identified as a candidate for rezoning in the Port Moody OCP as 6-Storey Mixed Use.

The proposal is for a 6-storey woodframe market rental building that includes:

  • 192 units
    • 6 studios, 118 one-bedrooms, 46 two-bedrooms & 22 three-bedrooms;
  • 4,900 SF of retail space;
  • a total density of 3.0 FAR;
  • 241 vehicle parking spaces on 2 underground levels accessed off James Road, 289 long term resident bicycle storage spaces and 23 short term visitor bicycle spaces; and
  • an outdoor, amenity courtyard.

The architect for the project is Integra Architecture.

October 15, 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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