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

Two More Brentwood Projects Proposed

Two more residential projects are being proposed for the Brentwood Town Centre area of Burnaby:

1. Brentwood Mall Residential Tower 2

After selling out Tower 1 in a day last month, Shape Properties is pushing ahead with rezoning for Tower 2, which will be nearly identical in height at 53-storeys. This tower will similarly contain 591 units, with rental apartments on the lower floors, and 291 condo units above. The total height will be 611 ft., or approximately the same height at the Trump Tower downtown.

2. Willingdon and Dawson Lowrise

Amacon BrentwoodAmacon is proposing a 5-storey residential building with commercial on the ground floor; totalling 75 units. The total density is 2.1 FAR.

The site is ideally located near all of the highrise activity in the area.

July 21, 2014by david.taylor@colliers.com
Development

Construction Update: Trump Tower

July 18, 2014by david.taylor@colliers.com
Development

Market Spotlight: Choklit Park

By ChangingCity

Choklit ParkThis is a small infill development in Fairview. It replaces a house that in turn was once the Purdy’s Chocolate Factory. The factory moved away in 1982, and the former factory became home to a live-work studio for both artist Mary Filer, a glass sculptor, and her husband Harold Spence-Sales, an urban planner. The replacement, designed by Gateway Architecture, will have a five-storey, six-unit residential building that follows the slope of the site by terracing down five storeys.

…read more

Source: Changing City

July 18, 2014by david.taylor@colliers.com
Apartment, Development, Office

Construction Update: Rogers Arena Tower

July 17, 2014by david.taylor@colliers.com
Development

Market Update: Rezoning Applications Heading to Public Hearing

Before things quiet down at the City during August, several rezoning applications are looking to be referred to their final review at public hearing:

7350 Fraser Street

7350 Fraser Street_2 The plan for this site on Fraser Street is to rezone from RT-2  to CD-1 to allow a 6-storey rental building under Rental 100 that includes 96 rental units and a total density of 2.61 FSR.


7790 Cambie Street

7790 Cambie_2This tiny site is seeking rezoning to allow a 6-storey rental building that includes 27 rental units and a total density of 2.70 FSR.

The site is only 8,250 SF in size.


357, 375 & 391 West King Edward Ave

357 King Edward_2This Cambie Corridor site is planned for a residential development consisting of one 4-storey building and 2-storey townhouses along the lane with 41 market residential units and a total density of 1.88 FSR.


3503-3523 East Hastings Street

3503 East Hastings StThe plan for this site at Hastings and Skeena (near Boundary Rd) is to rezone from C-2C1 to allow a 6-storey rental building under Rental 100 with 87 units and retail at grade. The density is 3.95 FSR.


 

601 West Hastings Street

601 West HastingsMorguard is indeed planning to move forward with their rezoning plan for 601 West Hastings Street (also referred to as 333 Seymour Street) to retain the existing office tower, and build a new 25-storey office tower.

The new tower would have a total area of 227,714 SF, which equates to a 24.34 FSR.

 

 

 


 

These applications will likely receive their public hearing after Council’s August break.

July 17, 2014by 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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