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

24-Storey Rental Tower Slated for Kingsway & Fraser Site

Qualex Landmark has submitted an application to rezone a site at the Northeast corner of Kingsway and Fraser Street for a new highrise rental project under the Broadway Plan.

The 18,000 SF site at 701 Kingsway is currently a strip centre built in 1987 and is zoned C-2 .

The rezoning proposal is to allow for the development of a 24-storey building that includes:

  • 201 rental units;
  • 41 below market rental units (20%);
  • Commercial space on the ground floor and on Level 2;
  • A total density of 8.50 FSR;
  • A building height of 277 ft. with additional height for rooftop amenity space and mechanical appurtenances.

This application is being considered under the Broadway Plan.

The architect for the project is RWA Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/701-kingsway

January 16, 2024by 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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