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

Ten Towers, 3,800 Units Envisioned for 3200 East Broadway Site

MST Development, in partnership with Aquilini Development has initiated the rezoning process for 3200 East Broadway, a 9.2 acre site formerly housing BC Liquor Distribution.

The City of Vancouver is seeking public input on this proposal at an early stage in the rezoning process, called the enhanced rezoning stage.

The site is considered a “Unique Site” in the Rupert and Renfrew Station Area Plan that is concurrently in the final stages of public consultation.

Early details of the proposal for 3200 East Broadway include:

  • Ten towers up to 60-storeys in height;
  • 3,800 residential units;
  • Commercial space for 1,750 jobs;
  • a childcare facility
  • 2.3 acres of public open space.

The enhanced rezoning pre-application can be viewed here: https://www.shapeyourcity.ca/3200eastbroadway

Public consultation will commence in October, with a full rezoning application expected in 2025.

September 26, 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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