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

Keltic’s Plan for Rev’s Bowling Site Includes Three Towers, 1,665 Units

Keltic Development has been given approval to move to first reading on a rezoning application for the Rev’s Bowling site at 5502 Lougheed Highway in the Brentwood area.

Keltic acquired the site in 2023 for $94,000,000.

The site is located between Lougheed Highway to the north and Goring Street to the south and is designated for High Density Multiple Family Residential within the Brentwood Town Centre Development Plan.

The development proposal is for three residential towers (60-storeys, 54-storeys and 46-storeys) with common 5-storey podium that includes residential uses, live-work units, and commercial space on the ground floor, above a shared underground parkade. A two storey amenity building is proposed in the southeast corner of the site.

Details include:

  • 1,667 total residential units;
  • 1,432 condos;
  • 235 affordable rental units;
  • a total density of 7.17 FAR.
November 19, 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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