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.
  • About
  • Listings & Sales
  • Thinking of Selling?
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Apartment, Condo, Development

Condo & Non-Market Rental Project Planned for Metrotown Site

Qualex Landmark has applied to the City of Burnaby for permission to rezone the site they own at 4275 Grange to allow a 31-storey high-rise condo building, and a 5-storey non-market rental apartment building.

The site, currently a 53-unit strata building, was sold by Casey Weeks and Morgan Iannone of Colliers in January 2019, and the site area is 45,661 SF.

The Metro Downtown Plan designates the site RM4s and RM4r. In accordance with the City’s Rental Use Zoning Polic the project is required to provide rental units equivalent to 20% of the proposed strata units. The required rental units are to be set at 20% below CMHC median rents.

Details of the proposed development include:

  • 274 condo units;
  • 26 studios, 122 one-bedrooms, 97 two-bedroom & 2 three-bedrooms;
  • 32 non-market rentals;
  • 21 two-bedrooms & 11 three-bedrooms;
  • 294 parking spaces;
  • a total density of 5.13 FAR.

The architect for the project is RWA Architects.

July 24, 2020by david.taylor@colliers.com
Condo, Development

67-Unit Infill Development Proposed for West Van Site

Sterling Pacific Developments have put forward a preliminary development proposal for a 4.5 acre site in the Eagle Harbour area of West Vancouver, located between Caulfield and Glen Eagles. The site is on Daffodil Drive and is bordered by the CN Railway, Westport Road and Eagle Creek.

A previously approved subdivision plan anticipated 10 large single family lots for 5,500 – 7,000 SF houses.

The preliminary plan for the project, entitled ‘Aquila’, includes:

  • 67 townhouse and duplex units;
  • 3 and 4 bedrooms units ranging from 1300 to 2400 SF;
  • Unit prices ranging from $1,100,000 to $1,900,000;
  • a total density of 0.52 FAR;
  • a new playground.

The architect for the project is Formwerks.

The application is only preliminary and seeking public consultation before moving to a formal application.

July 23, 2020by david.taylor@colliers.com
Condo, Development

40-Unit Condo Building Slated for New West Site

Applications have been submitted to the City of New Westminster in order to rezone a site at 909-915 Twelfth Street, at the corner of Twelfth and London Streets at the edge of the Moody Park Neighbourhood. The 13,000 SF combined site is currently older single storey commercial buildings.

The proposal for the site is a 5-storey condo building that includes:

  • 40 condo units;
  • 2 studios, 14 one-bedrooms, 18 two-bedrooms & 6 three-bedrooms;
  • a total density of 2.50 FAR;
  • a building height of 64 ft.;
  • 61 underground parking spaces.
  • purchase of a portion of the City-owned lane.

The architect for the project is Vivid Green Architecture.

The site was assembled in 2017 for $4,460,000 or $136 per buildable SF based on the application.

July 12, 2020by david.taylor@colliers.com
Condo, Development, Retail

6-Storey Condo Planned for Commercial & 12th Corner

Wesgroup has submitted a rezoning application for a site at the corner of Commercial and East 12th in East Vancouver, sold by our team in 2019.

The proposal is to allow for a 6-storey mixed-use building. The zoning would change from C-2C1 to allow development of:

  • 62 condo units;
  • 7,200 SF of ground floor retail space;
  • A total density of 3.00 FSR;
  • Maximum height of 74.3 ft.;
  • 71 vehicle parking spaces and 117 bicycle parking spaces.

The architect for the project is Ciccozzi Architecture.

July 10, 2020by david.taylor@colliers.com
Condo, Development

Rezoning Application for Alberni Site Details 264 Units

Landa Global has submitted their formal rezoning application for 1650 Alberni Street.

Landa acquired the site from Hollyburn Properties in 2018 for $130,000,000, or $502 per buildable SF based on the rezoning application.

The proposal is for the development of a 43-storey residential building. Details include:

  • 264 units;
  • 66 secured replacement market rental housing units;
  • 198 condo units;
  • 40 studios, 60 one-bedrooms, 129 two-bedrooms & 35 three-bedrooms;
  • Building height of 385 ft.
  • A density of 14.97 FSR;
  • 268 vehicle parking spaces and 535 bicycle parking spaces.

The application is being considered under the West End Community Plan(External link).

The architect for the project is SOM with IBI Group.

July 10, 2020by david.taylor@colliers.com
Page 30 of 58« First...1020«29303132»4050...Last »

Thinking of selling?

I track every commercial sale in Metro Vancouver. If you're wondering what your property is worth, I can give you an informed view.

Get an Opinion of Value

David Taylor · Colliers · 604-761-7044

Search the Site

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