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Investment, Office, Retail

Richmond Retail/Office Building Sells in $24.25MM Deal

8010 Saba Road in Richmond has sold for $24,250,000. The property is improved with a 33,456 SF retail and office building whose main tenants include HSBC and National Bank Financial. The purchase price equates to a 4.4% cap rate, or $722 per SF. The building was sold by bid process in June with no asking price.

Here is a video overview of the property by the listing agent, Cushman Wakefield:

8010 Saba Road, Richmond BC from Cushman & Wakefield | Vancouver on Vimeo.

September 3, 2015by david.taylor@colliers.com
Development

101-Unit Condo Project Planned for Brentwood Area

Ledingham McAllister is moving forward with a rezoning application to develop a 59,244 SF site at 5415 Lougheed Highway in the Brentwood area of Burnaby with a four-storey apartment building with three-storey townhouses fronting Broadway and Lougheed Highway. Plans include:

  • 101 condo units
  • a total density of 1.50 FAR
  • 32 one-bedroom units and 69 two-bedroom units
  • 123 underground parking spaces
  • $3,022,760 CAC ($130 per buildable SF x 0.4 FAR town centre bonus)

5415 Lougheed

September 1, 2015by david.taylor@colliers.com
Development, Office

New Mixed-Use Building Planned for Railtown

A new light industrial/office building is being planned for a mid-block site on Railway Street, in an area East of Main Street along the CN Rail tracks. The plan for the 132′ x 53′ (6,584 SF), M-2 zoned site is for a 6-storey building including:

  • retail on the ground floor, manufacturing on floors 2, 4 & 5, wholesaling on the third floor and office space on the 6th floor
  • a total density of 5.0 FSR
  • a building height of 100 ft.
  • 3 levels of underground parking
  • no building setbacks

Considered Design Inc., the landscape architect for the project, has some renderings on their website, including the one below.

353 Railway_1353 Railway

 

August 28, 2015by david.taylor@colliers.com
Development

Townhouse Project Planned for Marpole

A development application has been made to the City of Vancouver to develop a 20,108 SF site at 8492-8570 Osler Street, an assembly of five single-family homes near Oak and 70th Street. This area was rezoned by the Marpole Community Plan in 2014 and this particular block is now in the RM-8 zone, which allows townhouse development up to 1.20 FSR. The plan by Formwerks Architectural for this assembled site includes:

  • a courtyard townhome development with 4 buildings
  • a total of 18 two plus partial storey units
  • 1 level of underground parking accessed of lane
  • A total density of 24,220 SF (1.20 FSR)
  • 30 ft courtyard

8492 Osler_18492 Osler

 

August 25, 2015by david.taylor@colliers.com
Apartment, Development

Rental Aparment Project Planned For 49th & Main Street

Orr Development has applied to rezone a site at the Southwest corner of 49th and Main Street from C-2 to CD-1. The plan is calls for a rezoning of the site under the Rental 100 program to allow a 6-storey apartment building building that includes:

    • 75 secured market rental units;
    • retail space at grade
    • a building height of 70.2 ft. from grade;
    • a density of 3.60 FSR, and
    • 80 underground parking spaces and 97 bicycle parking spaces

6507 Main6507 Main_1 6507 Main_2

August 20, 2015by david.taylor@colliers.com
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howard__24 Howard Chai @howard__24 ·
5 Mar

Exclusive:

Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.

Full story:

https://howardchai.substack.com/p/shangri-la-vancouver-hyatt-retail-brookfield-aquilini

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vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

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