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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Development

30-Unit Townhouse Project Slated for Port Moody Land Assembly

Paulsun Holdings Ltd. has submitted a rezoning application to the City of Port Moody for three single family lots located at 2301, 2305, and 2307 Clarke Street. The 26,144 SF site is located in the Moody Centre area of Port Moody’s OCP, which permits a range of low- to medium-density building forms, including townhomes.

The proposal for the site includes:

  • 30 stacked townhouse units;
    • 22 two-bedroom and dens, 8 three-bedrooms;
  • a total density of 1.42 FAR;
  • 47 underground parking spaces
  • A CAC payment of $180,000 ($6,000 per unit)

The architect for the project is Jordan Kutev.

October 19, 2018by david.taylor@colliers.com
Development, Office

4-Storey Office & Industrial Building Latest Proposal for Mt. Pleasant

A development application has been submitted for a corner lot in Mount Pleasant. The site at 2425 Manitoba Street, across West 8th Avenue from Jonathan Rogers Park, is 5,049 SF. The site is zoned I-1 which allows for up to 3.0 FSR density with mixed commercial and industrial uses.

The development proposal for the site is a new 4-storey mixed use building that includes:

  • two levels of manufacturing (ground and mezzanine)
  • three levels of office space
  • a total building size of 15,159 SF;
  • a total density of 3.0 FSR;
  • a total building height of 60 ft.
  • two-levels of underground parking with 20 stalls accessed from the rear lane.

Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is MGBA.

October 18, 2018by david.taylor@colliers.com
Condo, Development

176-Units Planned for Burquitlam Land Assembly

Boffo Properties has submitted rezoning and development permit applications to the City of Coquitlam for an assembly of eight single family lots totaling 1.48 acres on Como Lake Avenue and Lea Avenue in the Burquitlam area.

The proposal calls to allow for the development of two 6-storey condo buildings
in the Burquitlam Lougheed Neighbourhood Plan (BLNP) area. The existing zoning is RT-1 and would go to RM-3.

Details of the proposal include:

  • 176 condo units;
    • 90 one-bedrooms, 46 two-bedrooms & 40 three-bedrooms;
  • a total density of 2.3 FAR;
  • 414 underground parking spaces.

The architect for the project is GBL Architects.

October 15, 2018by david.taylor@colliers.com
Condo, Development

55-Unit Building Proposed for Little Mountain Area

A rezoning application has been submitted for a 5-lot land assembly at the corner of Quebec Street and East 33rd Avenue in the Little Mountain Adjacent Area of Vancouver. The site at 4906-4970 Quebec Street is currently zoned RS-1 but can be rezoned under the Little Mountain Adjacent Area Rezoning Policy.

The proposal consists of a 6-storey residential building over two levels of underground parking and includes:

  • 55 condo units;
  • a total density of 2.30 FSR;
  • a building height of 65 ft.; and
  • 64 underground parking spaces and 69 bicycle spaces.

The architect for the project is Cicozzi Architecture.

October 15, 2018by david.taylor@colliers.com
Condo, Development, Retail

32-Storey Tower Planned for Joyce Collingwood

Westbank has submitted their rezoning application for 5055 Joyce Street, a 16,000 SF site acquired from the YMCA in 2017 for $55,000,000, or $221 per buildable SF.

The site is currently zoned C-2C  but can be rezoned under the Joyce-Collingwood Station Precinct Plan. The proposal consists of one 32-storey mixed-use building over six levels of underground parking and includes:

  • 298 market condo units;
    • 146 one-bedrooms, 120 two-bedrooms & 32 three-bedrooms;
  • 11,100 SF of retail space;
  • a total density of 15.5 FSR;
  • a building height of 305 ft.; and
  • 197 underground parking spaces and 533 bicycle spaces.

The architect for the project is Perkins + Will.

October 15, 2018by david.taylor@colliers.com
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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

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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

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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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