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

Anthem Proposing 61-unit Townhouse Project in Maplewood Area of North Vancouver

Anthem Properties is proposing to redevelop 7 single family lots between 435 and 475 Seymour River Place for a 61 unit townhouse project. The site is located in the northwest corner of the Maplewood Village Centre plan area and is designated for 1.2 FSR residential development. The development concept includes 5 separate 3-storey townhouse buildings all over common underground parking at a density of 1.224 FSR.

Anthem_Seymour River Place

July 16, 2013by david.taylor@colliers.com
Apartment, Market Research

The West End’s Largest Properties

As the West End Community Plan is emerging, we thought it would be interesting to take a look at the largest lots in the West End. There aren’t many large lots; in fact, of privately held properties, there are less than 10 of an acre or more.  Here are the 40 largest parcels in the West End, by land area (SF):

West End_Top 40 LotsAll of the above properties are improved with sizable income producing (mostly apartment) properties that won’t likely be redeveloped anytime soon; however, many of these, and many smaller lots (of which there are over 500), will see some activity in the coming years as part of the West End Plan. Here is the City’s depiction of what the West End might look like in 30 years once built out per current policy:

West End Plan

Contact us if you would like to know more about the WECP and where are the opportunities are.

July 12, 2013by david.taylor@colliers.com
Development

Steveston Secondary Land Enters Next Phase

The short list of developers for the Steveston secondary site got shorter last Tuesday. Richmond School Board members have narrowed it down to three potential applicants.

“They were all very high calibre, and I was very impressed with all of them,” said board chair Donna Sargent.

The board will convene for a summer meeting on July 22 to consider the three submissions.

Last month, five residential developers were chosen over a dozen who applied to build on the 13-acre site along No. 2 Road.

Board members based their criteria on value (financial compensation the district would receive), vision (for the neighbourhood that takes into account its surroundings) and voice (ensuring the residents have a say).

Read more: http://www.richmond-news.com/life/Losing+religion+Buddhism+bucks+trend/8618990/story.html#ixzz2YkWFcvPm
July 11, 2013by david.taylor@colliers.com
Development

Onni to Stage Open Houses on its Imperial Landing Proposal

Onni to stage open houses on its Imperial Landing proposal – Richmond Review.

The Onni Group will stage two open houses next week in Steveston as part of a bid to rezone its newly-constructed Imperial Landing properties.

The developer’s six low-rise buildings—built along Bayview Street on the last piece of land at Imperial Landing—feature apartments on upper floors and commercial units on the ground floor. But the commercial zoning allows for only maritime-related businesses.

Imperial Landing

Onni submitted a rezoning application to the city in March to allow more commercial uses in the ground floor space of the six buildings, which are now largely complete.

On a website dedicated to Onni’s new proposal, waterfrontrezoning.com, the developer contends rezoning the commercial space to allow a broader range of commercial retail uses “will better serve the community’s needs.”

Read more: http://www.richmondreview.com/news/214434901.html

July 9, 2013by david.taylor@colliers.com
Investment, Retail

Vancouver Honda, 850 SW Marine Drive, Sold

The Vancouver Honda dealership property at 850 SW Marine Drive has sold for $12,925,000 to Value Group Properties. The 2.1 acre site has over 460 feet of frontage on SW Marine Drive and a 2-storey, 45,621 square foot auto retail building occupied by Vancouver Honda. The dealership will lease back the property. The zoning for the property is I-2.

Vancouver Honda

 

July 8, 2013by 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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