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

17-Unit Building Planned for Single Cambie Lot

A rezoning application has been submitted for a 69′ x 127′ corner lot at Cambie and West 35th Avenue. The site at 485 West 35th Avenue sold in December 2017 for $8,500,000, or $394 per buildable SF.

The proposal is for a rezoning based upon the Cambie Corridor Plan, and consists of a 6-storey market residential building over one level of underground parking and includes:

  • 17 condo units;
  • a total density of 2.46 FSR;
  • a building height of 61 ft.; and
  • 21 underground parking spaces and 28 bicycle spaces.

 

The architect for the project is GUD Group.

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

Latest Phase of Port Royal Development to Include 87 Units

Aragon has submitted development permit applications for 310 Salter Street, the latest phase of their 42-acre Port Royal development in the Queensborough area of New Westminster. 

The site is located at the western end of Port Royal and is bounded by the Annacis Channel of the Fraser River and the Queensborough Perimeter Trail to the south. To the north is an existing lumber yard retail store and sawmill that is zoned Heavy Industrial (M-2). To the west of the site is a 91 unit secured market rental building as well as the Stanley Street Greenway. The rental building has an FSR of 1.6 and the height of the building is four storeys plus loft. To the east of the site is an 87 unit, mid-rise apartment building (four storeys plus loft) that is currently under construction with an FSR of 1.49.

The proposal for the subject 2.64 acre site includes:

  • 87 condo units;
    • 10 one-bedrooms, 54 two-bedrooms & 23 three-bedrooms;
  • a total density of 1.50 FSR;
  • a building height of 67 feet;
  • 154 parking spaces.
  • Mass timber – CLT construction.

Exterior hallways and staircases are proposed for each of the three buildings. These exterior hallways and staircases would be located within the site along the building faces facing the central courtyard and would not be visible from the street or adjacent buildings to the west and east.

 

October 1, 2018by david.taylor@colliers.com
Condo, Development, Office, Retail

Tallest Tower at Brewery District to Include 225 Condo Units & Office Space

Wesgroup has submitted a development application for Building 7 at their Brewery District master planned community. The overall master plan for the Brewery District was approved almost ten years ago and has been under development in phases since initial development permits were granted in 2010. The site is bounded by the Royal Columbian Hospital, the Braid Industrial Area and the Sapperton residential neighbourhood.

Building 7 is located at 268 Nelson’s Court, at the north west end of the Brewery District site. To the north of the site is the future Transit Plaza and 200 Keary Street which contains a nine storey mixed use building (Anvil) with commercial at grade and market strata residential. To the south of the site is 258 Nelson’s Court which will contain a 26-storey market strata residential building.

The proposal for Building 7 is a 32-storey tower, the tallest in the overall project, that includes:

  • 225 condo units;
    • 24 studios, 98 one-bedrooms, 71 two-bedrooms & 32 three-bedrooms;
  • 53,000 SF of office space (on levels 2-4);
  • 9,5000 SF of daycare space;
  • 4,600 SF of retail space;
  • A total density of 5.25 FSR;
  • A total building height of 320 ft;
  • 414 underground parking spaces.

The architect for the project is Chris Dikeakos Architects.

October 1, 2018by david.taylor@colliers.com
Development

SOLD: 2001-2021 West 41st Avenue

We are extremely pleased to announce the sale of 2001-2021 West 41st Avenue, Vancouver, B.C. This prime piece of Kerrisdale land was sold after our team generated multiple offers in June 2018. 

October 1, 2018by david.taylor@colliers.com
Condo, Development, Retail

FOR SALE: East Vancouver C-2 Zoned Development Site

We are pleased to introduce this 27,427 SF land assembly at the corner of East 10th Avenue and Nanaimo Street in East Vancouver. The site is zoned C-2 which allows for development of over 68,000 SF of residential above retail space.

Please contact us for further details.

A full brochure can be downloaded here: Brochure – Nanaimo Street

October 1, 2018by 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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