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

Vancouver approves transportation strategy aimed at getting more people out of cars

Vancouver approves transportation strategy aimed at getting more people out of cars.

VANCOUVER — A long-term strategy designed to improve the way people and goods move around Vancouver was given approval by council Wednesday.

The Transportation 2040 plan, dubbed “bold and aggressive” by Coun. Raymond Louie, outlines more than 180 transportation and land-use concepts aimed at helping the city achieve its goal of converting two-thirds of all trips taken to cycling, walking and public transit.

From pedestrian “scramble” intersections to rerouting heavy truck traffic away from residential neighbourhoods to more bike lanes and smoother, safer sidewalks, the plan looks to reduce our reliance on vehicle traffic.

Among the more ambitious ideas is a proposal to remove the Georgia and Dunsmuir viaducts to improve neighbourhood connections for both pedestrians and cyclists.

The plan also explores the possibility of using two of eight traffic lanes on Granville Bridge to create a tree-lined pedestrian greenway.

Read more: http://www.vancouversun.com/Vancouver+approves+transportation+strategy+aimed+getting+more+people+cars/7477536/story.html#ixzz2AvBfqQHt

October 31, 2012by david.taylor@colliers.com
Development

980 Howe Street Unanimously Passes Urban Design Panel

Manulife Financial’s 270,000 square foot proposed office development unanimously (8-0)passed Urban Design Panel on October 24th.  The project, which is located at the Howe Street and Nelson Street intersection, will be 16 storeys tall and have retail at grade.  980 Howe Street is in the pre-leasing phase and could be completed by 2015.

Other projects that were voted on at the October 24th meeting included:

2477 Carolina Street by Royal East Broadway Development: 2 votes for, 7 votes against

557 East Cordova Street by Boffo Properties: 9 votes for, 0 against

1729-1735 East 33rd Avenue by Cedar Cottage Cohousing Company: 2 votes for, 6 votes against

 

October 31, 2012by david.taylor@colliers.com
Development

4.3 Million Square Feet, 18 to 45-Storey Towers Proposed For Oakridge Centre

Westbank Projects, in partnership with Ivanhoe Cambridge have applied to the City of Vancouver to rezone Oakridge Centre to develop a 45-storey mixed-use development consisting of 1,430,000 SF of retail, 425,000 SF of office space, 45,000 SF of amenity space, and 2,700,000 SF of residential, with a total density of 3.54 FSR. The proposal includes 2,818 units with a maximum height of 412 ft., and 6,694 parking spaces. Henriquez Partners is the Architect for the project.

The proposed rezoning has been in the works since 2007 when the Oakridge Policy Statement was adopted. More recently, Westbank has been brought on and a planning program was developed in 2012 to help guide the rezoning process.

Model View looking East

More information can be found HERE.

 

October 30, 2012by david.taylor@colliers.com
Development

Towers, Not Sausages, Eyed for Grimms Site

Richmond Review – Towers, not sausages, eyed for Grimms site.

A longtime sausage factory in the heart of City Centre will be flattened and three residential towers will rise from the rubble, if council approves a new development plan.

Council gave first reading to a rezoning proposal Monday that would allow 237 homes and 4,370 square feet of commercial space on the site of Grimms Fine Foods.

Read more: http://www.richmondreview.com/news/176041481.html

October 30, 2012by david.taylor@colliers.com
Development

Development Spotlight – 564 Beatty Street

Reliance Properties is well underway on the construction of 564 Beatty located adjacent at the intersection of Beatty and Dunsmuir Streets.  The project will be a great blend of old and new and will include:

> Over 50,000 square feet of floor space with approximately 5,700 square foot floor plates

> Retail on the main and plaza level floors with parking off the alley and office on the top 6 floors

> A 9.23 FSR with completion scheduled for early 2014

October 30, 2012by 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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