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, Rental

23-Storey, 224-Unit Rental Tower Planned for Kitsilano Site

Townline Homes has submitted a rezoning application for a site on West 8th Avenue West of Yew Street in the Kitsilano neighbourhood.

The 18,750 SF midblock site is located in the Broadway Plan in the Kitsilano North – Area A subarea.

The proposal for the site is to allow for the development of a 23-storey rental tower with a 4-storey podium and the conservation of two heritage houses. The proposal includes:

  • 224 rental units;
  • 63 studios, 73 one-bedrooms, 66 two bedrooms & 11 three-bedrooms;
  • 20% below-market rental units;
  • A total density of 7.15 FSR; and
  • A building height of 239 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The architect for the project is Francl Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2226-w-8-ave-and-2415-2421-yew-st

May 24, 2024by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

Onni Presents Master Plan Concept for 7.2 Acre Coquitlam College Site

Onni is presenting their master plan development application for the Coquitlam College site.

The 7.2 acre site is located on Brookmere Avenue at Whiting Way in the Burquitlam area and is currently improved with the Coquitlam College school and several adjacent single family residences.

Onni submitted their initial application in late 2023, but the full master plan proposal is now at council for early stage review.

Details of the overall plan include:

  • Seven towers ranging from 28-50 storeys;
  • Approx. 2,500 residential units;
  • 1,813 condo units;
  • 595 market rental units;
  • 92 below market rental units;
  • 56,000 SF of office space;
  • 7,200 SF of retail space;
  • a total density of 6.71 FAR (2.1 Million SF)

Onni acquired the site in 2021 for $148,100,000, or $71 per gross SF based on the application.

The architect for the project is Boniface Oleksiuk Politano Architects.

May 24, 2024by david.taylor@colliers.com
Development, Land, Rental

21-Storey Rental Building Slated for Granville & 10th Parking Lot

Reliance Properties has submitted a rezoning application for the sufrace parking lot at 1540 West 10th Avenue, located just West of Granville Street.

The lot has 125 feet of frontage and was acquired as part of the sale of the adjacent office building at 2609 Granville Street in 2017 in a deal valued at $59,000,000.

The current proposal under the Broadway Plan is to allow for the development of a 21-storey rental building that includes:

  • 112 rental units;
  • 20% below market units;
  • a total density of 6.50 FSR;
  • A building height of 226 ft.;
  • 84 parking stalls including 33 replacement stalls for the neighbouring office building.

The architect for the project is Office of McFarlane Biggar.

May 16, 2024by david.taylor@colliers.com
Development

FOR SALE: Burnaby Multiplex Lot

I am pleased to introduce this Burnaby development opportunity, allowing up to 6 strata units under Burnaby’s forthcoming R1 SSMUH zoning.

Further information: https://www.collierscanada.com/en-ca/properties/for-sale-burnaby-multiplex-lot/can-4394-moscrop-street-burnaby-v5g-2g2/can2015319

May 9, 2024by david.taylor@colliers.com
Apartment, Rental

20-Storey Rental Tower Proposed for Mount Pleasant Site

Fabric Living has submitted their rezoning application for 461-479 East 16th Avenue in the Mount Pleasant area of East Vancouver. The 16,111 SF site is an assembly of four parcels totaling 132 feet of frontage.

The site is located in the Broadway Plan, within the Mount Pleasant South Apartment Areas – Area B subarea.

The proposal for the site is to allow for the development of a 20-storey mixed-use building that includes:

  • 171 rental units;
  • 34 units (20%) at below-market;
  • commercial space on the ground floor;
  • a total density of 6.80 FSR;
  • A building height of 238 ft.

The application is being considered under the Broadway Plan.

The architect for the project is Francl Architecture.

May 9, 2024by 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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