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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Development

SOLD: Cambie Corridor Phase 3 Townhouse Development Site

We are pleased to announce the completion of another sale in the Cambie Corridor. 404-434 West 23rd Avenue is an assembly of five single family lots expected to be rezoned for townhouse use in the forthcoming Cambie Corridor Phase 3 Plan. The total site area is 24,503 SF.

Contact us for further details.

December 8, 2017by david.taylor@colliers.com
Development

Construction Update: Vancouver House

Here is the latest construction update on one of Vancouver’s most interesting highrise developments, Vancouver House. 

photo courtesy mcminsen  http://po.st/TnndCw via @imageshack

photo courtesy mcminsen  http://po.st/JINcvk via @imageshack

photo courtesy mcminsen http://po.st/txZMqB via @imageshack

December 2, 2017by david.taylor@colliers.com
Development

40-Unit Building Proposed for Marpole Site

A rezoning application has been submitted for a 15,177 SF, four-lot assembly mid-block site at 8444-8480 Oak Street. The proposal is for a six-storey residential building that includes:

  • 40 condo units;
  • 19 one-bedrooms, 12 two-bedrooms & 9 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 65 ft.; and
  • two levels of underground parking with 56 vehicle parking spaces and 53 bicycle spaces.

The application is being considered under the Marpole Community Plan.

The architect for the project is AVRP Architecture.

The site sold in 2016 for $9,002,000, or $237 per buildable SF based on the application.

November 29, 2017by david.taylor@colliers.com
Development

Robson Street Site Sells in $79.5 Million Deal

A 17,263 SF site at the Northeast corner of Robson Street and Cardero Street has sold to Vivagrand Developments for a purchase price of $79,500,000. The site is designated within the West End Community Plan to allow a density for a highrise, up to a total density 8.75 FSR.

The site, formerly occupied in part by Blockbuster Video, sits directly South across the lane from Westbank’s project at 1550 Alberni.

One of the current retail tenants in the property was featured today in a CBC in a story regarding skyrocketing property taxes.

November 28, 2017by david.taylor@colliers.com
Apartment, Development

87-Unit Rental Building Planned for Central Lonsdale Site

Maclean Homes has submitted an application to rezone an existing apartment property in the Central Lonsdale area of North Vancouver at the corner of Chesterfield and West 18th Street. 1730 Chesterfield is an older 3-storey 43-unit walkup apartment building on a 27,850 SF lot.

The proposal plans to rezone the Property from RM-1 to allow a new, larger 6-storey rental apartment building. The OCP allows a based density of 1.60 FSR and a bonus of 1.0 FSR and up to 6-storeys in height. Details include:

  • 87 rental apartment units;
  • 6 studios, 53 one-bedrooms, 18 two-bedrooms and 10 three-bedrooms;
  • a total density of 2.54 FSR;
  • a total building height of 54 ft.;
  • 56 parking stalls on one level of underground parking accessed from the lane;
  • a bonus density contribution of $2,885,190.


The architect for the project is Garcia Zunino Architects.

November 24, 2017by 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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