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

12-Storey Tower Proposed for Main & 2nd

Aquilini Group has applied to rezone a 33,746 SF site at the Southwest corner of West 2nd and Main Street known most commonly as the Maynards building. The plan calls for a rezone from IC-2  District to CD-1 to permit a 12-storey mixed-use building that includes:

    • 223 units;
    • 30 secured non-market rental units;
    • 13,000 SF of ground floor retail
    • artist production space of approximately 3,500 SF
    • a density of 5.50 FSR;
    • 297 underground parking spaces.

The design of the project is intended to meet the guidelines of the Mount Pleasant Community Plan.

The site was assembled over several years between 2008 and 2012.

1847 Main 1847 Main_2 1847 Main_3 1847 Main_4

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

Cressey Unveils Plans for Kerrisdale Site

A development application has been submitted for a full city block at West Boulevard and West 48th Avenue that was bought by Cressey last year for $17,100,000. The plan for the over 34,000 SF, C-2 zoned site includes:

  • 37 condo units (averaging 1,600 SF each)
  • 26,100 SF of retail space
  • A total density of 2.50 FSR (85,300 SF)
  • 179 underground parking stalls on two levels

6815 West Blvd 6815 West Blvd_2

February 11, 2015by david.taylor@colliers.com
Development, Office, Retail

Office/Retail Building Planned for Burrard and West 4th Corner

A development application has been submitted for a prominent corner. A new 3-storey building is in the planning stage at the Northeast corner of Burrard and West 4th Avenue, currently home to Comor Sports. The proposal for the 93′ x 113′, C-2B zoned site includes:

  • retail use on Level 1 (Comor would be the tenant)
  • office use on Levels 2 and 3
  • 3 levels of underground parking
  • total floor area of 26,244 SF (2.5 FSR)

1785 West 4th Ave

 

February 11, 2015by david.taylor@colliers.com
Apartment, Investment

FOR SALE: 16-Unit Kitsilano Apartment Building

1609 Cypress_Front1609 Cypress Brochure

February 10, 2015by david.taylor@colliers.com
Market Research

Market Snapshot: Westside/Downtown Condo Price Index

Vancouver West HPI_Feb 2015Source: REBGV Stats

February 6, 2015by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

DT

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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