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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Condo, Development, Retail

19-Storey Mixed-Use Tower Proposed for 1394 Robson Street

Asia Standard has submitted a development application for a 19-storey condo/social housing building at 1394 Robson Street, at the northwest corner of Robson and Broughton in the West End.

The site is the former location of the Robsonstrasse Hotel, acquired by Asia Standard in July 2018 for $24,780,000. The current proposal replaces the 5-storey office and retail scheme submitted for the site in 2018, which contemplated 14,771 SF of retail, 9,966 SF of office and a density of just 2.86 FSR under the site’s existing C-6 zoning. The new application takes the site to the full density contemplated by the West End Community Plan.

Details of the proposal include:

  • 19 storeys, with a two-storey commercial podium and a residential tower above;
  • 72 condo units and 15 social housing units;
  • 14 studios, 26 one-bedrooms, 26 two-bedrooms and 6 three-bedrooms;
  • Commercial at grade and on the second level;
  • A total density of 8.75 FSR, of which 1.20 FSR is dedicated to commercial use;
  • A residential tower plate of 4,024 SF, below the 5,500 SF maximum set by the West End Community Plan;
  • Site frontages of 66 ft on Robson Street and 124 ft on Broughton Street;
  • Three levels of underground parking with vehicular access from the lane.

Residential entry is oriented to Broughton Street, with the commercial frontage and market residential entrances addressing Robson. Indoor and outdoor amenity space is proposed on top of the podium and within the podium and tower plates.

The architectural approach is described as a contextual response to the site’s position between the low-rise, brick-and-wood character of the West End and the glass-and-steel edge of Coal Harbour — a single uninterrupted rectangular mass with a repeating modular facade grid, clad in brick. The precedent projects cited are 520 Fifth Avenue and 130 William in New York.

The 2018 purchase price for the site equates to $327 per buildable SF based on the current application.

The architect for the project is Arcadis.

August 16, 2026by david.taylor@colliers.com
Development, For Sale, Land

FOR SALE: Approved 31-Lot West Vancouver Development Opportunity

We are pleased to introduce the Wentworth Lands, an approved 9-acre single family subdivision ideally situated in West Vancouver’s Uplands neighbourhood.

Land For Sale — 2480 & 2510 Wentworth Avenue, West Vancouver | Canada | Colliers

August 6, 2026by david.taylor@colliers.com
Development, Office, SOLD

Armoury District Office Building Sells for $6,250,000 ($868/SF)

A two-storey concrete office building in Vancouver’s Armoury District has sold for $6,250,000, representing a price of $868 per square foot.

Sale Price: $6,250,000
Price/SF: $868
Building Size: 7,202 SF
Lot Size: 5,040 SF

The property at 1777 West 8th Avenue is a 7,202 square foot multi-tenant office building situated on a 5,040 square foot lot at the corner of West 8th Avenue and Burrard Street. Built in 1975 and zoned C-3A, the building features floor-to-ceiling glazing, move-in ready office improvements, and secured underground parking. The property carries a Broadway Plan designation of FGBE (Granville/Burrard Slopes – Area E), which permits 5 to 10 storeys and a density of 3.5 to 4.5 FSR, adding a meaningful residential redevelopment layer to the asset.

The transaction was brokered by Matthew MacLean and Paul Carrothers of Cushman & Wakefield.


July 20, 2026by david.taylor@colliers.com
Development

District of North Vancouver Rezoning Roundup – July 2026

The District of North Vancouver’s July 13, 2026 Regular Council meeting includes four significant rezoning and development permit items. Here is a summary of each.


Lynn Valley Mall & Draycott Gardens, 1246–1268 Lynn Valley Road & 3050–3174 Baird Road

The Lynn Valley Mall site and adjacent Draycott Gardens proposal by Polygon are going for final approval.

The proposal calls for four buildings with a maximum density of 388,391 SF. Building 1 will be a 6-storey mixed-use building with ground-floor retail and restaurant uses, second-floor office and service commercial, and residential units above. Buildings 2, 3, and 4 will be 6-storey condo buildings.

A housing agreement secures 64 rental units in Building 1, of which 32 will be three-bedroom below-market units targeted at middle-income households.


46-Unit Townhouse, 3374–3380 Mount Seymour Parkway & 3382–3396 Gaspe Place

Trillium Projects is seeking to rezone seven lots from Single-Family Residential One Acre (RS1) to CD to permit a 46-unit townhouse development.

The project consists of eight ground-oriented buildings up to 42 ft in height. Base density is FSR 0.45, with a density bonus permitting up to 61,733 SF and 46 units in exchange for a community amenity contribution of $1,050,601. All units will have access to private outdoor space and underground storage.


1883–1901 Glenaire Drive

Rodcon Developments is seeking development permit approval for a 12-unit townhouse development in Lions Gate Village, at the corner of Glenaire Drive and the future extension of Belle Isle Place.

The project comprises two three-storey buildings approximately 34.5 ft in height over one level of underground parking. Units range from approximately 1,560–2,370 SF, with a mix of three- and four-bedroom units.

Two of the larger units include lock-off suites of approximately 270 SF. Related OCP amendment and rezoning bylaws were adopted June 1, 2026.


Maplewood Gardens Zoning Text Amendment, 2131–2171 Old Dollarton Road, 229–291 Riverside Drive & 2102–2128 Front Street

Quadreal is seeking a revised text amendment to the CD152 zone governing the Maplewood Gardens development to convert some condo units to rental in it’s already rezoned Maplewood Gardens site.

The original 2025 approval permitted 552 units across five six-storey buildings with 8,600 SF of ground-floor commercial, divided as 376 strata, 116 market rental, and 60 non-market rental.

Quadreal is now proposing to convert 121 units from strata to rental tenure — adding 101 market rental and 20 below-market rental units — while keeping the total at 552.

A previous version was defeated at second reading on June 22, 2026, primarily over a proposed reduction in strata parking from 1.1 to 1.0 stalls per unit. The revised bylaw increases strata parking to 1.055 stalls per unit. Staff support the application as it increases the project’s rental and below-market rental component.

July 10, 2026by david.taylor@colliers.com
Development

South Granville Mixed-Use Building Sells for $9.7 Million

A three-storey mixed-use building at 2231–2245 Granville Street in South Granville has sold for $9,669,021, representing $776 per square foot on the building.

The property was held by the original developer since its construction in 1980 — a tenure of approximately 46 years. It was listed by NAI Commercial at $12,500,000 before being reduced to $10,999,000, and ultimately traded at a further discount after approximately nine months on market.

DETAILS:

  • Sale price: $9,669,021
  • Price per SF: $776
  • Building size: 12,464 SF
  • Lot size: 7,200 SF (60′ x 122′)
  • Zoning: C-3A
  • Year built: 1980

The building sits on the west side of Granville Street, one lot north of West 7th Avenue, within the Granville/Burrard Slopes Broadway Plan area (Area D). Under the Broadway Plan, the site is eligible for rezoning to up to 25 storeys and an 8.0 FSR, subject to site conditions and protected public view corridors.

The building includes a split-level retail component totalling 6,441 SF leased to six tenants — Macao Imperial Tea, Vancouver Fine Art Gallery, Future Fade Barbershop, Voka Deka Esthetics Salon, Vean Tattoo, and Petley Jones Gallery — along with four one-bedroom residential units on the upper floor ranging from 817 to 904 SF. The property is located approximately 200 metres from the future South Granville SkyTrain station at Broadway and Granville.

Conor Finucane of NAI Commercial acted as the listing broker.

 

 

June 8, 2026by david.taylor@colliers.com
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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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