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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Apartment, Development, Retail

63 Rental Units Planned for East 1st & Renfrew in East Vancouver

A rezoning application has been submitted for the redevelopment of the Poor Italian Restaurant site at the Southwest corner of East 1st Avenue and Rupert Street in East Vancouver.

The 16,100 SF site is currently zoned CD-1 and is located within the Rupert and Renfrew Interim Rezoning Policy boundary, adopted by council in 2022. This policy allows rezonings for rental apartments in advance of the overall area plan being finalized.

The development proposal anticipates replacing the existing restaurant building with a new 6-storey mixed-use rental building with the Poor Italian Restaurant on the ground floor over 2 levels of underground parking and includes:

  • 63 market rental units;
    • 16 studios, 27 one-bedrooms & 20 two-bedrooms;
  • 5,700 SF of new space for Poor Italian on the ground floor;
  • A total density of 3.34 FSR;
  • A building height of 71 ft.; and
  • 53 vehicle parking spaces and 106 bicycle spaces.

The architect for the project is Cornerstone Architecture.

September 28, 2023by david.taylor@colliers.com
Condo, Development

District of North Van to Reconsider Edgemont Townhouse Project

Wesgroup has submitted a new application to the District of North Vancouver to rezone and develop a townhouse project on a site in Edgemont Village.

A previous townhouse proposal for the 33,000 SF site was rejected by DNV council at fourth reading in 2018 amid concerns about the pace of construction and development in the Edgemont area.

The property is located in an area of the OCP that allows for townhouses up to 3-storeys and a density of 1.20 FSR. It is located at the southeast corner of Ridgewood Drive and Ayr Avenue, and is currently occupied by four single-family homes. The Grosvenor mixed-use development is across the street to the west and Amica Seniors Living is to the south.

The updated proposal for the site includes:

  • 32 townhouse units;
  • 12 two-bedrooms & 20 three-bedroom units;
  • 900 to 1,500 SF unit sizes;
  • a total density of 1.18 FAR;
  • one level of underground parking with 64 spaces;
  • $1.7 Million in off-site works;
  • DCC’s of $420,400;
  • CAC of $772,439 ($18.50 per SF).

The architect for the project is Integra Architecture.

The site was originally assembled by Boffo Properties in 2016 and later sold to Wesgroup following the rejection of the 2017 rezoning proposal.

September 27, 2023by david.taylor@colliers.com
Apartment, Condo, Development

Proposal for Langara Gardens Site Includes 2,600 Condo, Rental & Social Housing Units

The formal rezoning application by Concert Properties and Peterson Group for Langara Gardens has been released publicly.

A rezoning policy statement for the 20.8 acre site had been completed in 2018 and the full rezoning application had been anticipated since that time.

The proposal is for the redevelopment of the site with buildings between 3 and 36 storeys. The existing four 18-storey towers would be retained. The proposal includes:

  • Approximately 430 social housing units;
  • Approximately 760 rental units (including 85 below-market units);
  • Approximately 1,430 strata units;
  • 3.1 FSR total density (2.7M SF);
  • A 69-space childcare facility;
  • Public open spaces, Cambie Park upgrades, a new 1-acre park.

The application is being considered under the Langara Gardens Policy Statement and the Issues Report: Direction for Intensification of Large Sites to include Moderate Income Rental Housing.

The full rezoning application can be viewed here.

The architect for the project is James Cheng Architects.

The site was originally sold by Colliers to Peterson Group in 2009 for $157,000,000. Concert Properties was brought on as a 50% partner in 2015.

September 20, 2023by david.taylor@colliers.com
Apartment, Development

Revised Proposal for Oak & 41st Site Includes More Rental Units/Density

Wesgroup has submitted a revised rezoning application to the City of Vancouver for a site that they own at the Southwest corner of Oak Street and West 41st Avenue.

A previous rezoning application for the site from 2020 envisioned 222 rental units in 8 and 16-storey buildings and a total density of 5.03 FSR based on the guidelines in the 2018 Cambie Corridor Plan.

The new proposal seeks to increase the density and overall number of units via an increase in building heights above what is prescribed in the Cambie Plan.

The revised plan for the site envisions a 25-storey and 17-storey building over a 6-storey podium and includes:

  • 357 rental units with 20% of the floor area secured for below market rental units (approximately 72 units);
  • 16,000 SF of retail space;
  • A total density of 7.31 FSR;
  • A building height of 258 ft. and 176 ft.; and
  • 224 vehicle parking spaces and 696 bicycle parking spaces.

The application makes note of the fact that the site sits adjacent three other large-scale projects that have taller towers, including the Louis Brier site (20-30 storeys), the Oakridge Transit Centre site (20-26 storeys) and the Jewish Community Centre site (25-27 storeys).

The architect for the project is Arcadis (formerly IBI Group).

September 20, 2023by david.taylor@colliers.com
Apartment, Development

175-Unit Rental Project Planned for Mount Pleasant Site

Fastmark Developments has submitted one of the first rezoning applications for a site in the Broadway Plan.

The 20,139 SF site at 523-549 East 10th Avenue is currently improved with five single family lots. The site is located on the North side of East 10th between St. George Street and Carolina Street, five blocks East of Main Street in Mount Pleasant.

The site is located in an area of the Broadway Plan (MRTB) which allows up to 5.50 FSR and 18-storeys, with a minor increase in height and density considered in exchange for ground level childcare space.

The proposal for the site is to allow for the development of a 19-storey mixed-use building that includes:

  • 175 total units;
  • 142 market rental units;
  • 33 below market rental units (20% of floor area);
  • Private childcare space for 25 children;
  • A total density of 6.0 FSR;
  • A building height of 329 ft.; and
  • 110 vehicle parking spaces and 344 bicycle spaces.

The architect for the project is GBL Architects.

The full rezoning application can be viewed here.

September 12, 2023by david.taylor@colliers.com
Page 47 of 441« First...102030«46474849»506070...Last »

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

Reply on Twitter 2042378406193738120 Retweet on Twitter 2042378406193738120 Like on Twitter 2042378406193738120 1 X 2042378406193738120
Load More

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved