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

Rental Building Proposed for West 4th Site

Orr Moniz has submitted a development application for an 11,000 SF site at 2906-2912 West 4th Avenue, between Bayswater and Macdonald in the Kitsilano area of Vancouver for a new 6-storey rental apartment building.

The site is zoned C-2 which based on changes approved in 2021, now allow for 6-storey rental buildings.

Details include:

  • 54 market rental units;
    • 35 studios & 19 two-bedroom units;
  • 3,900 SF of ground floor retail space;
  • a total density of 3.50 FSR;
  • A proposed height of 70.3 ft.;
  • Two levels of underground parking, providing a total of 61 parking spaces having vehicular access from the lane.

Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is Yamamoto Architecture.

December 16, 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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