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.
  • About
  • Listings & Sales
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Apartment, Development

20-Storey Rental Tower Proposed for Kits Site

Gracorp has submitted the latest rezoning application for a new rental project under the Broadway Plan. The proposal is for a site at 2175 West 7th Avenue, between Arbutus and Yew Street, just a couple of blocks from the future Arbutus Station.

The existing zoning for the 18,008 SF site is RM-4. The existing property is an older lowrise apartment building with 35 units.

The proposal is to allow for the development of a 20-storey residential building over three levels of underground parking and includes:

  • 182 market rental units with 20% below market (approx. 35 units);
  • A total density of 6.50 FSR;
  • A building height of 216 ft.; and
  • 52 vehicle parking spaces and 321 bicycle spaces.

This application is being considered under the Broadway Plan.

The architect for the project is GBL Architects.

December 12, 2023by david.taylor@colliers.com

Search the Site

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved