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

61 Infill Rental Apartments Planned for West End Property

Starlight has applied to the City of Vancouver for permission to develop two infill rental buildings on an existing apartment property they own at 1755 Haro Street in the West End.

The 138-unit, 19-storey concrete highrise known as Peter Manor, was originally built in 1970, and acquired by Starlight in 2018 as part of a four property portfolio sale for $247 Million.

The infill proposal for the property includes a new 6-storey apartment building fronting Haro Street, and a 3-storey townhouse building fronting the lane.

Details include:

  • 61 market rental units;
    • 28 one-bedrooms, 24-two-bedrooms & 9 three-bedrooms;
  • A building height of 61 ft.;
  • New density of 1.69 FSR.

Under the site’s existing RM-5A 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 BHA Architecture.

August 17, 2023by 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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