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

Sears Proposes Redevelopment of Metrotown Property

Sears Canada is proposing a multi-phased, mixed-use development on their Metrotown property, located on the South side of Kingsway at Nelson Avenue, next to Metropolis, consisting of a new “flagship” department store, and high-rise residential and commercial towers above commercial-retail podiums.

The 8.9 acre site is highly integrated with the adjacent Metropolis at Metrotown shopping centre, but is situated on a separate legal parcel under ownership (Sears Canada) that is different from the Metropolis at Metrotown site (Ivanhoe Cambridge).

Sears

More information can be found HERE.
May 27, 2013by david.taylor@colliers.com
Development

125-unit Seniors Residence Proposed for Edgemont Village

The Edgemont Senior Living project in North Vancouver will go to council for first reading next week. The proposal is for a 125-unit, 3-storey building on a site that currently consists of six single family lots. The units will be primarily independent living, with some assisted living units. The developer is proposing to pay a CAC of $500,000, which is estimated to be 50% of the increase in land value through rezoning. More information can be found here.

Edgemont Senior Living

May 24, 2013by david.taylor@colliers.com
Investment, Market Research

MARKET POLL: Cap Rates in Vancouver

[poll id=”3″]

May 23, 2013by david.taylor@colliers.com
Development

Trump Tower Vancouver Construction Reaches Grade

After more than a year constructing the underground parkade, construction at the site of the new luxury hotel/residential project at 1153 West Georgia Street, has reached grade level. Sales are expected commence later this year. The developer, Holborn Group, had originally anticipated completion by 2010, but the project was delayed.

Trump Tower Vancouver Construction

Trump Tower Vancouver Construction, picture by Built Form (SSP)

 

Trump Tower Vancouver Construction

Trump Tower Vancouver Construction, picture by Built Form (SSP)

May 22, 2013by david.taylor@colliers.com
Development

Grosvenor Presents Redesign of Ambleside Project to Council

Grosvenor presents redesign to council.

A shorter, more architecturally distinct version of the mid-rise development earmarked for the 1300-block of Marine Drive in West Vancouver took one more baby step towards realization.

Council voted unanimously Monday night to hand the revised blueprints to its design review committee.

The height of each building has been reduced by one storey and between 20 and 27 feet from the original design. At seven and six storeys, the two terraced mid-rises would now measure 79 and 68 feet, respectively.

The buildings would also feature smaller units than originally planned, giving the project 100 units with an average size of 1,771 square feet.

Read more: http://www.nsnews.com/news/Grosvenor+presents+redesign+council/8406820/story.html#ixzz2U21xCBWi
May 22, 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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