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

Redevelopment of Former CIBC Site in South Granville Envisions Two Towers

Amacon has submitted their rezoning application for the former CIBC office property at West 7th and Pine in the Fairview/South Granville area of Vancouver.

The 57,000 SF site runs along Pine between West 7th and West 8th.

The proposal is to allow for the development of a 28-storey and a 29-storey towers, and includes:

  • 421 condo units;
  • 107 social housing units;
  • Live-work space;
  • a 50-space childcare;
  • a total density of 8.50 FSR;
  • four levels of underground parking;
  • Building heights up to 300 ft.

This rezoning application is being considered under the Broadway Plan.

Our team originally sold this site in 2016 to Delta Land Development for $70,000,000. It was later resold to Amacon.

The architect for the project is Chris Dikeakos Architects Inc.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/1745-w-8th-ave/application-booklet.pdf

August 28, 2025by 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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