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

Mixed-Use Rental Project Slated for Port Moody Site

Anthem Properties has submitted a rezoning and development permit application for a 41,000 SF site at the Northwest corner of St. Johns and Moray Street in the Inlet Centre area of Port Moody.

The proposal involves the development of a mixed-use project containing rental units, an institutional component consisting of religious and educational uses.

The proposal includes:

  • 128 residential units consisting of:
    • 64 market rental units;
    • 64 below market rental units;
  • 45,818 SF Jamatkhana cultural facility;
  • a total density of 2.88 FAR;
  • 376 vehicle parking spaces for both residential and institutional uses, accessed off Moray Street.

Due to the slope of the site, much of the parking is above grade and may require an OCP amendment to allow for an increase in the total height of the residential component, which will be determined as the project review continues.

The architect for the project is Arcadis/IBI Group.

November 22, 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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