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

28-Unit Townhouse Project Upcoming in Port Moody

The Allaire Group and Headwater Projects has applied to the City of Port Moody to redevelop four single family lots at 64-74 Seaview Drive at Clarke Road near the Coquitlam border. The lots total 40,121 SF and are designated Single Family Low Density in the Official Community Plan (OCP) and are zoned One-Family Residential (RS1). The proposal requires an amendment to the OCP to change the land use designation to Multi-Family Residential.

The proposal is for a new townhouse development that includes:

  • 28 townhouse units
  • All three-bedrooms (1,304 SF to 1,731 SF)
  • a total density of 0.95 FAR;
  • 62 underground parking spaces;
  • A $6 per SF CAC payment.

64 Seaview Drive67 Seaview_267 Seaview_1 67 Seaview

The architect for the project is Integra Architecture.

October 20, 2017by david.taylor@colliers.com
Development

FOR SALE: 21,500 SF Townhouse Development Opportunity

We are pleased to introduce this 5-lot land assembly in the Cambie Village area of Vancouver. The 21,500 SF site is located half a block from King Edward Skytrain Station on a quiet, tree-lined street that represents the Cambie Phase 3 plan area boundary. Per the Cambie Phase 3 draft plan, these lots are designated for townhouse pre-zoning.

568 West 24th

Download the brochure here: BRO 568-592 West 24th Ave

October 19, 2017by david.taylor@colliers.com
Development, Office, Retail

10-Storey Building Planned for Granville & 68th

Westland Corporation has submitted a rezoning application for a 20,030 SF site at the corner of 68th and Granville, next to the Safeway. The plan for 1506 West 68th Avenue is to rezone from C-2 and C-2C (Commercial) District to CD-1 to allow a 10-storey mixed-use building that includes:

  • 45 market residential units;
  • 11 one-bedrooms, 26 two-bedrooms and 8 three-bedrooms;
  • a total of 12,603 SF of retail at grade;
  • a total of 15,477 SF of office space on the 2nd floor;
  • a total density of 3.60 FSR;
  • a maximum building height of 135 ft. from grade;
  • 138 underground vehicle parking spaces and 112 bicycle parking spaces.

1506 West 68th1506 West 68th_2 1506 West 68th_3 1506 West 68th_41506 West 68th_1

The application is being considered under the Marpole Community Plan.

The architect for the project is IBI Group.

Westland acquired the site in January 2016 for $19,855,000, or $275 per buildable SF based on the rezoning application.

October 18, 2017by david.taylor@colliers.com
Development

West 41st Townhouse Development to Include 40 Units

Bogner Development Group has applied to rezone a single family lot assembly comprising 43,920 SF at the corner of West 41st Avenue and Columbia Street. The plan for 146-186 West 41st Avenue and 5726 Columbia Street is to rezone from RS-1 to CD-1 to allow a new townhouse development that includes:

  • two four-storey buildings on West 41st Avenue;
  • four two-storey buildings at the lane;
  • a total of 40 market units;
  • a total density of 1.87 FSR;
  • a height of 40 ft.; and
  • one level of underground parking with 71 vehicle parking spaces and 99 bicycle spaces.

146 West 41st_1 146 West 41st

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Raymond Letkeman Architects.

October 18, 2017by david.taylor@colliers.com
Development, Office, Retail

9-Storey Office Building Slated for Yukon and West 6th Ave

Cressey Developments has submitted their application to rezone the 24,149 SF site they own at 425 West 6th Avenue, at the Northwest corner of Yukon and 6th, from C-3A to CD-1 to permit the development of a 9-storey office building.

The proposal includes:

    • 155,147 SF of office space;
    • 16,504 SF of ground floor retail;
    • A total density of 7.11 FSR;
    • A building height of 131.35 ft.;
    • 298 underground parking spaces and 40 bicycle spaces on 5 levels; and
    • 2 Class A and 5 Class B loading spaces.

425 W 6th425 W 6th_1 425 W 6th_3 425 W 16th_2This application is being considered under the Metro Core Jobs and Economy Land Use Plan.

Cressey acquired the site in 2013 for $14,500,000, or $85 per buildable SF based on the rezoning application.

The architect for the project is IBI Group.

October 18, 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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