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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Condo, Development, Retail

Beedie Planning Transformative Port Moody Project

Beedie Living has submitted a rezoning and OCP Amendment application to the City of Port Moody for a 3.8 acres site in the Moody Centre area of Port Moody.

The overall plan, entitled “Spring Street” includes three condo towers at 3060-3092 Spring St. and 80-85 Electronic Avenue, just east of the Moody Centre SkyTrain station. The proposal anticipates a 6-storey non-market building targeted as a womens’ transition facility on a smaller site two blocks West at 2806 Spring Street.

Details of the combined proposal for the two sites includes:

  • Three condo towers (32, 34 & 38-storeys in height);
  • 1,012 residential units (inclusive of 65 non-market);
  • 46,484 SF of retail & restaurant space;
  • a total density of 5.26 FAR;
  • a large plaza on the site referred to as the “living room”
  • 1,199 parking stalls.

It is expected that the project will be built in two phases.

The architect for the project is Perkins&Will.

January 24, 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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