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

Infill Residential Development Planned for Point Grey Village

Redevelopment plans are in the works for a single-storey retail building in the Point Grey Village area. The development application for this 46′ x 115′ lot at 4421 West 10th Avenue (between Trimble and Sasamat) is for a 4-storey building under the existing C-2 zoning. Details include:

  • one retail CRU (1,000 SF) on the ground floor
  • residential units on floors 1 – 4 (with unobstructed North views)
  • total density of 2.50 FSR
  • a building height of 45 ft.
  • one level of underground parking with 7 spaces
  • concrete construction

4421 West 10th 4421 West 10th_1

August 18, 2015by david.taylor@colliers.com
Development

Townhouse Project Planned for Mount Pleasant

A development application for a proposed townhouse development in the Mount Pleasant area of East Vancouver proposes to retain and restore an older single family house located at 367 East 16th Avenue, zoned RM-4N and to develop townhouse units. The site is located on the North side of East 16th Avenue between Sophia and Prince Edward Streets, and is comprised of three single family lots, each 33 feet wide and 123 feet deep. Details of the design, by Studio One Architecture include:

  • 15 townhouse units
  • a total density of 1.45 FSR (max)
  • 17 underground parking spaces
  • a building height of 36.5 feet
  • 3-storey woodframe on top of concrete underground
  • building on piles due to peat and groundwater

367 East 16th_1367 East 16th 367 East 16th_2

 

August 13, 2015by david.taylor@colliers.com
Development

FOR SALE: 1070 Barclay Street, Vancouver

1070 Barclay_11070 Barclay_2Contact us for further info.

August 12, 2015by david.taylor@colliers.com
Development

2-Acre Richmond Development Site Sells

A two acre property in Richmond’s City Centre area has sold for $24,550,000. The site, at 7100 Elmbridge Way, is currently occupied by industrial buildings, but is designated within the City of Richmond’s City Centre Area Plan for Urban Core T6 in the Landsdowne Village sub-area. This designation allows for redevelopment for mixed-use including residential up to 2.0 FAR.

The buyer was Xpec Development. Xpec has other projects on the go in Vancouver including sites on Fraser Street and Oak Street.

BIV - 7100 Elmbridge marked aerial - no callouts

August 12, 2015by david.taylor@colliers.com
Development

Latest Concord Pacific Project Includes 588 Units

Concord Pacific is moving forward with plans for 89 Nelson Street, a 51,381 SF site at the foot of the Cambie Street bridge, across the street from their 435-unit “One Pacific” project, currently under construction.  As part of the rezoning approval last year, they are required to obtain approval of a preliminary development permit.  Francl Architecture designed the project, which has an interesting design. The proposal includes:

    • a 29-storey mixed-use building containing commercial use on the ground floor
    • 588 residential units
    • overall height of approximately 287.8 feet  for the north portion and 275 feet  for the south portion; and
    • four levels of underground parking, containing 520 parking spaces with vehicle access from Expo Boulevard.

89 Nelson_289 Nelson 89 Nelson_1

 

August 8, 2015by 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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