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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Apartment, Investment

FOR SALE: 11-Unit South Granville Apartment Building

We are pleased to introduce for sale Shavian Apartments, an 11-unit rental apartment property located on West 10th Avenue, just East of Granville Street and just steps to the future Granville Street Skytrain stop.

Please see the brochure for further details. 

 

November 19, 2018by david.taylor@colliers.com
Condo

60-Unit Stacked Townhouse Project Planned for Burquitlam

Another proposal for Burquitlam, this one is a stacked townhouse project by Adera that is seeking rezoning for 60-units on Lea Avenue, just East of Clarke Road. The 36,750 SF site is comprised of four single family lots that have been assembled. The project is called ‘Duet‘.

The plan for the site includes three, 3-storey stacked townhouse buildings that include:

  • 60 units;
    • 8 studios, 8 one-bedrooms and 44 two-bedrooms;
  • a density of 1.40 FAR;
  • 84 parking spaces.

 

The architect for the project is Integra Architecture.

 

November 16, 2018by david.taylor@colliers.com
Apartment, Condo

29-Storey Tower Proposed for Burquitlam Site

Ledingham McAllister has submitted a rezoning and development permit application for 520 Cottonwood Avenue, at the corner of Cottonwood and Whiting Way. The 39,000 SF site is located in the rapidly developing Burquitlam area of Coquitlam. The site is currently improved with an older lowrise strata building which has sold. T

The application proposes to rezone the subject site from RM-2 Three Storey Medium Density Apartment Residential Zone to Comprehensive Development (CD-10), based on the Multi-Storey High Density Apartment Residential Zone (RM-6) per the Burquitlam Lougheed Neigbourhood Plan.

Details of the proposal, entitled “Precidia” include:

  • 176 market condo units;
    • 60 one-bedrooms, 98 two-bedrooms and 18 three-bedrooms;
  • 65 market rental units;
    • 5 studios, 32 one-bedrooms, 17 two-bedrooms & 11 three bedrooms;
  • 10 non-market rental units;
    • 2 studios, 5 one-bedrooms and 3 two-bedrooms;
  • 13,000 SF of amenity space;
  • a total density of 5.50 FAR;
  • a total building height of 305 ft;
  • 310 parking spaces.

 

 

The architect for the project is IBI Group.

Ledingham acquired the site in June 2018 for $22,500,000, or $105 per gross buildable SF.

November 16, 2018by david.taylor@colliers.com
Development

FOR SALE: Oakridge Highrise Development Site

We are pleased to introduce this 26,561 SF land assembly located just half a block East of Oakridge Centre. The site has been designated in the Cambie Corridor Plan to allow an 18-storey residential tower, with a 4-storey podium, retail at grade and a requirement for 30% of the gross residential floor area to be delivered as social housing.

Please contact us for further details.

November 16, 2018by david.taylor@colliers.com
Development

Self-Storage Facility Planned for Clark & East 7th

Hungerford Properties has submitted a development application for a property they own at 2288 Clark Drive at the Northeast corner of Clark and East 7th Avenue in East Vancouver. The site is currently improved with an older lowrise commercial/industrial building.

Details of the proposed development include:

  • a new 4-storey self-storage building;
  • 62,330 SF of storage/warehouse space;
  • a total density of 3.0 FSR;
  • 8 parking spaces and 18 loading spaces with access from the lane.

Under the site’s existing I-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is The Krahn Group.

The full development application can be viewed here: https://development.vancouver.ca/pc2288clarkdr/index.htm

November 15, 2018by 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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