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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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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Development, Rental

172 Unit Rental Tower Latest Broadway Plan Proposal

A new rezoning application has been submitted by JTA Development Consultants on behalf of Prospero International Realty Inc. and Five Mile Holdings Ltd. for a site in the Broadway Plan area. 1190 West 10th Avenue is an 18,800 SF site at the Southeast corner of West 10th and Alder in the Fairview neighbourhood.

The site is identified under the Broadway Plan in Fairview South – Area A, which allows up to 20-storeys and 6.50 FSR for new rental development. A bonus 0.3 FSR and one-storey is permitted for provision of ground floor commercial.

The site is currently improved with an older lowrise rental apartment building.

The plan for the site is a 21-storey rental tower that includes:

  • 172 rental units;
  • 20% of the units below market;
  • 5,113 SF of retail space;
  • a total density of 6.80 FSR;
  • A building height of 228 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

February 20, 2024by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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