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

Burnaby’s Station Square Begins Major Transformation

Burnaby NewsLeader – Burnaby’s Station Square begins major transformation.

Back in the 1950s, Keith Beedie heard that a large piece of property, home to the Ford Motor Co. and Kelly Douglas, could be had for a price.

“They wanted $1 million for it. I thought, ‘are they crazy?'”

He never would have dreamed back then that one day he’d own a large piece of the property, and that the company he founded, Burnaby-based Beedie Development Group, would have a hand in its transformation.

The company, which until now had mainly been known for its industrial development projects, is now run by his son Ryan Beedie and is half-owner of Station Square shopping centre through its residential development division, Beedie Living.

Along with partner Anthem Properties, the developer is launching sales this weekend of condominium units in the first of five new towers slated for the major redevelopment.

Read more: http://www.burnabynewsleader.com/news/174798661.html

October 19, 2012by david.taylor@colliers.com
Development

Seylynn Village Project Revised

Seylynn Village, a 5.7 acre site in the Lower Lynn area of North Vancouver that was approved for rezoning in 2009, has been redesigned by the new owners and brought to council on October 15, 2012.

The new plan includes five buildings ranging in height from 3 storeys to 32 storeys. The project includes approximately 10,800 SF of commercial space, 720 market condos and townhouses, 70 affordable rental apartments, and a 2,500 SF child-care facility. The plan also calls for an extension of Keith Road to wrap around the North side of the property, effectively closing of Fern Street.

The previous version of the proposal included fewer towers, more commercial space, and fewer residential units. The new plan allows for more practical phasing of the project.

The developer, Seylynn Properties, has a website which states ‘coming soon‘.

October 18, 2012by david.taylor@colliers.com
Development

New Site Considered for Sea Island Luxury Outlet Mall

Richmond Review – New site considered for Sea Island luxury outlet mall.

Vancouver International Airport is looking at an alternate location to place a controversial luxury designer outlet originally planned for on Russ Baker Way.

“After we consulted with our communities and residents in the summer, we considered a potential alternate site on Sea Island. The potential alternate site is located on the northeast corner of Sea Island and offers closer access to the Templeton Canada Line station,” said airport authority spokesperson Alana Lawrence. “The project is still going forward…Feasibility testing is currently underway on the site (and) should be completed this fall.”

Read more: http://www.richmondreview.com/news/174487461.html

October 17, 2012by david.taylor@colliers.com
Development

Arbutus Ridge Development: Development Permit Board Votes October 22nd

The fate of Cressey’s proposed development at Arbutus & 16th will likely be decided on October 22nd by Vancouver’s Development Permit Board.  The Development Permit Board deferred a decision on the project to October 22nd from their previous meeting on October 9th. 

See the Development Permit Staff Committee Report HERE.

See the Development submission HERE.

October 17, 2012by david.taylor@colliers.com
Development

955 East Hastings Street Rezoning Hearing Tonight

One of the first major rezoning hearings in a new wave of development along East Hastings Street happens tonight:

“GBL Architects, on behalf of Wall Financial, has applied to the City of Vancouver to rezone 955 East Hastings Street from M-1 (Industrial) District to CD-1 (Comprehensive Development) District. The application proposes a mixed-use development including commercial and light industrial uses at street level and below, with residential in the upper floors. The form includes three mid-rise elements ranging from 10 to 12 storeys in height with a proposed density of 6.0 FSR. The residential component includes 282 market units and 70 non-market units”

View the rezoning page HERE.

October 16, 2012by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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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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