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

PCI Proposing 25-storey Rental Tower for Broadway Plan Site

PCI Developments has submitted a rezoning application for a mid-block site in the Fairview neighbourhood. The site at 1434 West 8th Avenue is located half a block East of Granville Street.

The 17,000 SF site sits just to the Northeast of their Broadway & Granville tower, now under construction.

The proposal for the West 8th site is to allow for the development of a 25-storey mixed-use building with a one-storey podium and includes:

  • 162 rental units with 20% below market (approx. 32 units);
  • 5,500 SF of retail space on the ground floor;
  • A total density of 8.07 FSR;
  • A building height of 265 ft.; and
  • 93 vehicle parking spaces and 281 bicycle spaces.

This application is being considered under the Broadway Plan.

The architect for the project is MCMP.

December 5, 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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