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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Development, Retail

Rezoning Application Submitted for Brickhouse Chinatown Site

The much anticipated rezoning application has been formally submitted to the City of Vancouver for the Brickhouse site at the corner of Main and Union on the Southern edge of Chinatown. The rezoning had been displayed in late last year and into this year at public open houses.  

The plan for the site at 728-796 Main Street is to rezone from the existing HA-1A District to a CD-1 to allow for a 15-storey mixed-use development that includes:

  • commercial space on the ground level and mezzanine;
  • 19 social housing units, located on mezzanine and second levels, to replace existing Single Room Accommodation (SRA) units on site (social housing to be owned by the City);
  • a building height of 150 ft.;
  • a density of 8.12 FSR;
  • 99 market residential units from levels 3 to 15; and
  • four levels of underground parking

728 Main (1)728 Main (2) 728 Main (3) 728 Main (4) The application is made under the Rezoning Policy for Chinatown South (HA-1A).

The architect for the project is Studio One Architecture.

June 30, 2017by david.taylor@colliers.com
Apartment, Development, Retail

10-Storey Building Planned for Broadway near Commercial

A second major rezoning application has been submitted in Grandview-Woodland, just weeks after 149 units were announced earlier this month at Victoria & 11th.

Jameson Development Corp. has submitted an application to rezone a 15,738 SF site on the North side of Broadway just West of commercial at 1619-1651 East Broadway. The rezoning will be from the existing RM-4N zone to CD-1 to permit the development of a 10-storey mixed-use building.

The proposal includes:

    • 93 total units (47 market rental units and 46 market strata units);
    • 5,245 SF of ground floor retail space;
    • A total density of 4.00 FSR;
    • A height of approximately 32.3 m (105.8 ft.);
    • 75 underground parking spaces; and
    • 117 bicycle parking spaces.

1619 East Broadway_3 1619 East Broadway_2 1619 East Broadway_1 1619 East BroadwayThis application is being considered under the Grandview-Woodland Community Plan. The rezoning policy allows for ‘mixed-tenure’ whereby 50% strata is allowed if the other 50% of the units are secured rental.

The architect for the project is IBI Group.

June 30, 2017by david.taylor@colliers.com
Development

FOR SALE: Townhouse Development Site

404-434 West 23rd AveClick here for further details: BRO 404-434 West 23rd Ave – e-copy

June 28, 2017by david.taylor@colliers.com
Development

Two Tower Residential/Hotel Project Planned for Richmond

GBL Architects has applied to the City of Richmond for permission to rezone a 1.20 acre site at 8091 Capstan Way, from “Auto-Oriented Commercial (CA)” to “Residential/Limited Commercial (RCL5)”, to permit the construction of a two-tower, high-density, mixed use development in the City Centre’s Capstan Village area.

The site sits directly across the street to the South of the Wall Centre Richmond complex.

The proposed development includes:

  • 136 residential units
  • 59 one-bedrooms, 77 two & three bedrooms
  • 75 hotel rooms
  • 9,688 SF of ground floor retail
  • a total density of 3.65 FAR
  • a cash contribution of $1,141,402 and public dedication
  • 193 underground parking spaces

8091 Capstan8091 Capstan_1

June 28, 2017by david.taylor@colliers.com
Development

30-Unit Project Planned for Norquay Village

A development application has been submitted for a 4-lot single family land assembly in the Norquay Village neighbourhood of East Vancouver. The RM-9A zoned site is located at 2652 Duke Street, just North of Kingsway.

Details for the new 4-storey woodframe condo building includes:

    • 30 units;
    • 2 one-bedrooms, 15 two-bedrooms & 13 three-bedrooms;
    • a four-storey, multiple dwelling building containing 30 units, all over one level of underground parking, having vehicular access from the lane.

2652 Duke_3 2652 Duke_1 2652 DukeUnder the site’s existing RM-9A 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 Matthew Cheng.

June 26, 2017by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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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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