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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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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Condo, Development

123 Condo Units Proposed for Maillardville Site

Porte Homes has submitted a Rezoning and Development Permit application to facilitate the development of a two building condo project in the Maillardville area of Coquitlam.

The 0.23 acre site is comprised of an existing older strata townhouse property located north of Brunette Avenue, between Lebleu Street to the west and Nelson Street to the east.

The proposed rezoning is from RM-1 to C-5 per the Maillardville
Neighbourhood Plan (MNP) which designates the site as Neighbourhood
Centre.

The proposal calls for two woodframe condo buildings at 7-storeys and 5-storeys, including:

  • 123 condo units;
  • 67 one-bedrooms, 44 two-bedrooms and 12 three-bedrooms;
  • a total density of 2.25 FAR;
  • 177 underground parking stalls.

The application describes the design rationale: “The design of the buildings incorporates distinct French architectural features, including a contemporary interpretation of mansard roofs. A colour palette of white, grey, charcoal, iron, and black is proposed, with materials including masonry, painted cementitious panels, standing seam metal cladding, architectural concrete, simulated wrought iron elements, prefinished painted aluminum trim, and clear glass guardrails.”

The architect for the project is Formwerks.

Porte acquired the site in 2018 for $9,000,000 or $89 per buildable sq ft.

May 7, 2021by david.taylor@colliers.com
Apartment, Condo, Development

Revised Metrotown Proposal Envisions 40-storey Tower

Intracorp has submitted a revised rezoning application to the City of Burnaby to add more height and units to an already appproved project called “Telford on the Walk” at 6537 & 6521 Telford Avenue.

In January 2021, the subject site received final adoption for a rezoning application for a 37 storey condo building and a 6-storey market and affordable rental building based on RM5s and RM5r guidelines.

The revised application seeks the following changes:

  • addition of 4 typical floors;
  • removal of one penthouse level floor, a reduction from seven penthouse levels to six;
  • increase in overall density from 6.33 FAR to 6.83 FAR;
  • total of 366 condos, 59 affordable rental units & 7 market rental units;
  • net addition of 34 condo units;
  • increased building height from 380 ft. to 411 ft.;
  • conversion of 3 market rental units to affordable rental;
  • reduction in two parking stalls and additional of one accessible stall.

The architect for the project is NSDA Architects.

April 23, 2021by david.taylor@colliers.com
Condo, Development

52 Townhouses Proposed for Burke Mountain Site

An application for an Official Community Plan amendment, Rezoning, and
Development Permit have been submitted for a 2 acre site in the Smiling Creek Neighbourhood in the Burke Mountain area of Coquitlam.

The site is located south of Oueenston Avenue, east of Paquette Street, and west of Soball Street.

The proposal seeks to amend the land use designation in the OCP for a
portion of the subject site from Small Village Single Family to Conventional
Townhomes.

The proposal calls for:

  • 52 stacked townhouse units;
  • 49 three-bedrooms & 3 two-bedroom units;
  • an 8,100 SF childcare facility
  • a total density of 1.10 FSR;
  • 133 underground parking stalls.

The architect for the project is Ankenman Marchand.

March 14, 2021by david.taylor@colliers.com
Condo, Development, Retail

38 Condos Planned for Marpole Site

Kunyuan International has submitted a rezoning application for a 16,143 SF site at 8804 Osler St, just West of Oak Street and Marine Drive. The site sits in the same block as another condo project currently under construction fronting Marine Drive, 8888 Osler. The site is currently improved with an older two-storey strip commercial building.

The proposal is to allow for the development of a 6-storey woodframe condo building. The zoning would change from MC-1 (Industrial) District to CD-1 (Comprehensive Development) District. This proposal includes:

  • 38 condo units;
  • 16 one-bedrooms, 15 two-bedrooms, 8 three-bedrooms;
  • 7,018 SF of ground floor retail space;
  • A total density of 3.05 FSR;
  • A building height of 80 ft.;
  • 59 vehicle parking spaces and 91 bicycle parking spaces.

The application is being considered under the Marpole Community Plan.

The architect for the project is DA Architects & Planners.

February 24, 2021by david.taylor@colliers.com
Condo, Development

54 Condos Slated for East Broadway Site

A rezoning application has been submitted by Bucci Development for a 4 lot land assembly in the Grandview Woodland area of East Vancouver. The proposal for the 16,128 SF site at 2037-2061 East Broadway is to allow for the development of a 6-storey condo building that includes:

  • 54 condo units;
  • 7 studios, 202 one-bedrooms, 19 two-bedrooms & 8 three-bedrooms;
  • A total density of 2.65 FSR;
  • A building height of 69 ft.;
  • 47 vehicle parking spaces and 112 bicycle parking spaces.

The application is being considered under the Grandview Woodland Community Plan.

The architect for the project is Rositch Hemphill.

February 11, 2021by david.taylor@colliers.com
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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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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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