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, Office

New Look for 1133 Melville Street Proposal

Oxford Properties has changed the design plan for their 1133 Melville Street office building project, originally proposed for rezoning back in July 2015. The previous design was not supported at the Urban Design Panel in 2015, and has since been reworked with a smaller, but taller building.

The new design by James Cheng, features a much more interesting building massing. The revision includes stacked box design with the third box twisted from the street grid. There is a slight increase in height from 33 to 34-storeys. Details include:

  • a building height of 550 ft.
  • a total floor area of 555,047 SF
  • a total density of 18.20 FSR (down from 22.46 FSR)
  • four floorplate sizes, multiple decks including a rooftop deck
  • floor to ceiling windows
  • six levels of underground parking (231 vehicle spaces and 221 bicycle spaces)

1133 Melville_71133 Melville_8 1133 Melville_9The previous rezoning application can be viewed here: http://rezoning.vancouver.ca/applications/1133melville/index.htm

May 23, 2017by david.taylor@colliers.com
Development

SOLD: 2768-2784 Kingsway & 5264 Earles Street

I am pleased to announce the sale of this Norquay Village development site in East Vancouver.

2768 Kingsway

May 23, 2017by david.taylor@colliers.com
Development

FOR SALE: 530 & 538 West 49th Avenue

530 & 538 West 49th AvePlease download the brochure for further details: 530-538 West 49th BRO

May 16, 2017by david.taylor@colliers.com
Development

FOR SALE: 66-96 West King Edward Avenue

We’re pleased to present this 4-lot land assembly located in the forthcoming Cambie Corridor Phase 3 area. The 31,695 SF site will potentially be zoned for townhouse use.

66-96 W King EdDownload the full brochure here: BRO 66-96 W King Edward

May 15, 2017by david.taylor@colliers.com
Development

32-Storey Tower Planned for West End Site

A partnership between Strand Development and Intracorp has submitted an application to rezone a site located at 1055 Harwood Street, between Thurlow and Burrard in the West End area of Downtown Vancouver.

The proposal is for a 32-storey residential building with:

  • 82 market residential units;
  • 68 two-bedrooms, 8 three-bedrooms and 6 four-bedrooms;
  • 44 social housing units;
  • a density of 10.35 FSR;
  • four levels of underground parking with 156 vehicle parking stalls;
  • 158 bicycle parking spaces; and
  • a building height of 300 ft.

1055 Harwood_51055 Harwood_4 1055 Harwood_2 1055 Harwood_3The RM-5A zoned site was redesignated under the West End Community Plan, adopted in 2014. Currently occupied by a lowrise coop, the site was acquired in August 2016 for $40.5 Million.

The application describes the design rationale:

“The overall form for the proposed building is one that is familiar to the West End. The tower, as proposed, is a 32-storey tower interlocked with a very small 6,300 square foot, seven storey (60’) base, thereafter tapering into a slender 5,500 square foot floorplate for the remainder of the building’s tower element.
 
The building has been designed as a “tower in the park” with the use of concrete and brick to create an articulated base transitioning into a slender tower with a simple concrete frame featuring expansive windows, spandrel glass and spacious balconies that are predominately inset into the building’s facade.”
 
The architect for the project is NSDA Architects.
May 15, 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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