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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Apartment, Development, Retail

Plan for Burritt Bros Site Includes 45 Rental Units

Landa Global has submitted their development application for the Burritt Bros site at Main Street and 20th in East Vancouver. Landa acquired the site at 3594 Main Street in a bid process in September 2015, for $11,400,000. Landa was featured in the Globe and Mail at the time of sale.

The plans for the 16,963 SF, C-2 zoned site includes:

    • a 4-storey building
    • 6,275 SF of ground floor retail
    • 45 rental apartment units
    • “high percentage” of family-friendly two-bedroom units
    • 2.5 FSR density
    • one level of underground parking with access from the lane

3594-main3594-main_1The architect for the project is Yamamoto Architecture.

September 9, 2016by david.taylor@colliers.com
Development

FOR SALE: Prime West Vancouver Redevelopment Opportunity

We are pleased to introduce this 14,841 SF site in the rarely available Dundarave area of West Vancouver. The site is currently improved with an older 4-storey strata building. The existing RM-2 zoning allows for 1.75 FSR density and up to 20-storeys height. 26,000 SF buildable.

2119-bellevue_bro

Brochure – Bellevue Gardens, 2119 Bellevue Avenue

Please contact us for further information.

September 8, 2016by david.taylor@colliers.com
Apartment, Development

155-Unit Rental Building Planned for East Van Site

Strand Development has submitted an application to rezone a 44,372 SF triangular site at the corner of Victoria Drive and Stainsbury Avenue for a new rental apartment project.  The site is two former light industrial lots that are zoned MC-1. The proposal includes:

    • A 6-storey rental apartment building
    • A total of 155 market rental apartment units, including six live-work units;
    • 43 studios, 44 one-bedrooms, 41 two-bedrooms and 21 three-bedrooms
    • A floor area of 108,912 SF;
    • A density of 2.46 FSR;
    • A building height of 61 ft;
    • 101 residential parking spaces and one Class B loading space; and
    • 194 Class A and six Class B bicycle parking spaces.

The application also involves the reconfiguration of lots by relocating a lane and consolidating two lots previously separated by a lane.

The application is being considered under the Secured Market Rental Housing (Rental 100) Program.

3681-victoria_1 3681-victoria

September 8, 2016by david.taylor@colliers.com
Apartment, Development

Laneway Infill Apartments Planned for West End Property

A development application has been filed for a new laneway infill apartment building on a 66′ lot in the West End. 1176 Burnaby Street, owned by Lantern Properties, has an existing 11-storey, 41-unit apartment building known as Newport Apartments.

The laneway apartment application is for the rear of the property, currently a surface parking area. Details include:

  • 9 rental apartments
  • building height of 47 ft
  • Total area of 6,852 SF
  • 7 underground parking stalls accessed off the lane

The site is zoned RM-5A and the West End Community Plan, adopted in 2014, amended the RM zones to allow infill apartments on laneways where there is sufficient room for them.

1176-burnaby

 

1176-burnaby_21176-burnaby_1

September 7, 2016by david.taylor@colliers.com
Development

Construction Update: The Amazing Brentwood

Above ground construction efforts continue at the Amazing Brentwood, the redevelopment of Brentwood Town Centre Mall in Burnaby by Shape Properties. The project is one of the largest mixed-use development currently under construction in Metro Vancouver.

The project, which broke ground on its first phases in 2015, will feature 11 towers and over 6,000 units once complete. It will also include a considerable new retail component with over 250 new stores.

The first 3 towers have now sold out, representing about 1,400 units.

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courtesy mcminsen http://po.st/rJ0jPB via @imageshack

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courtesy mcminsen http://po.st/FIlASK via @imageshack

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courtesy mcminsen http://po.st/rF60Wk via @imageshack

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courtesy mcminsen http://po.st/rpGrdn via @imageshack

September 5, 2016by 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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