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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Apartment, Condo, Development

188-Unit Condo/Rental Tower Planned for Metrotown Site

A rezoning application by Beijing Shokai Development for a site at 6540 Marlborough Avenue is heading to public hearing at the City of Burnaby.

The site is located in the Marlborough area on the Eastern edge of Metrotown just South of Kingsway, and is currently improved with an older 30-unit walkup apartment building.

The 21,756 sq ft. site is designated RM4s and RM4r in the Metrotown Plan.

Plans for the site include a 22-storey highrise with, 14-storey of condos above 7-storeys of market and non-market rental units. Details include:

  • 132 condos;
    • 21 studios, 56 one-bedrooms, 51 two-bedrooms & 4 three-bedrooms;
  • 26 market rental units;
  • 30 non-market rental units;
  • a total density of 6.15 FAR;
  • a total building height of 224 ft.;
  • 182 underground parking spaces.

The architect for the project is IBI Group.

The site was acquired in 2020 for $22,000,000 or $164 per gross buildable sq ft. based on the application.

September 16, 2021by david.taylor@colliers.com
Apartment, Condo, Development

Rental & Condo Units Proposed for Oak & 57th Site

A preliminary rezoning application has been submitted for the former Salvation Army Homestead site on Oak Street, just North of West 57th Avenue.

The preliminary rezoning proposal calls for the development of a 20-storey condo building a 6-storey rental apartment building. Details include:

  • 163 condo units;
  • 13 studios, 91 one-bedrooms, 42 two-bedrooms & 17 three-bedrooms;
  • 52 market rental units;
  • 4 studios, 30 one-bedrooms, 13 two-bedrooms & 5 three-bedrooms;
  • a 37-space city owned daycare;
  • a total density of 3.18 FSR;
  • 213 total parking stalls.

The rezoning is under the Cambie Corridor Plan “Unique Sites” policy.

The architect for the project is GBL Architects.

September 10, 2021by david.taylor@colliers.com
Condo, Development, Retail

FOR SALE: Fraser & 17th Development Site

We are pleased to introduce for sale this 9,653 SF, C-2 zoned lot at the corner of Fraser Street and East 17th in East Vancouver.

The site has existing plans for a 4-storey condo and retail project.

Please click here for further details and to access a brochure.

September 10, 2021by david.taylor@colliers.com
Condo, Development

27-Unit Condo Building Slated for Cambie & 64th

A rezoning application has been submitted for a site at 7969-7989 Cambie Street.

The proposal is to allow for the development of a 6-storey residential building and includes:

  • 27 condo units;
  • 16 one bedrooms, 9 two-bedrooms & 2 three-bedrooms;
  • A total density of 2.46 FSR;
  • A building height of 69 ft.;
  • 34 vehicle parking spaces and 69 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is GUD Group.

The site was acquired by South Cambie Holdings in 2016 for $5,100,000 or $200 per buildable sq ft.

August 5, 2021by david.taylor@colliers.com
Condo, Development

FOR SALE: Cambie Village Mixed-Use Development Opportunity

I am pleased to introduce this listing of a mixed-use development site on Cambie Street, directly across from King Edward Canada Line Station.

Please click here for more information: https://www.collierscanada.com/en-ca/properties/for-sale-cambie-village-development-opportunity/can-4020-4050-4060-cambie-street-vancouver-british-columbia-canada/can2008162

July 16, 2021by 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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