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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Apartment, Development, Retail

Two Marine Drive Tower Projects Seek Final Approval

Two large-scale tower projects on the same block on the North Shore’s Marine Drive go to their respective municipal councils for final approval next week. The first is a rezoning of the former Earls Tin Palace site in West Vancouver. The other project, branded Park West, goes to District of North Vancouver council for development permit approval.


303 Marine Drive 

The formal rezoning application for the former Earls Tin Palace site at 303 Marine Drive in West Vancouver goes to council next week. The site is owned by Darwin Properties.

Darwin acquired the site in 2014 for $20,000,000. An initial rezoning application was filed back in 2015 but was delayed pending completion of the Marine Drive Local Area Plan which was finalized by council in 2017. The site borders the boundary with the District of North Vancouver, and sits close to another two tower proposal going to District for final approval next week called “Park West“.

The proposal for the site, which will be named “The Sentinel” is a 26-storey residential tower that includes:

  • 133 total residential units
    • 91 condo units on levels 9-26 (plus 4 townhouses);
    • 42 rental units on levels 3-8;
    • 20 one-bedrooms; 100 two-bedrooms & 13 three-bedrooms
  • A total density of 3.25 FAR;
  • 201 underground parking spaces;
  • A cash CAC payment of $7,344,140.

 

The application describes the project: “This important ‘gateway’ site presents a unique opportunity to mark the eastern boundary of West Vancouver with a building that contributes to the public realm at the pedestrian scale, and also to the significant distant skyline view as the north shore is approached from the Lions Gate Bridge by car, bicycle or by foot. The existing use on the site is an aging restaurant building and surface parking lot whose tenant will soon be relocating to a new development in Ambleside. This proposed residential development will be architecturally distinctive, and will compliment – and contribute to – the community amenity and infrastructureinvestments planned for the area.

This development will employ a modern, sophisticated and timeless approach to design and material selection that will ensure that this building is distinctive and appropriate to the north shore, and West Vancouver in particular. Landscape treatments and public realm design will enhance the pedestrian and cyclist experience, while the sculpting and lighting of the top of the tower will punctuate distant views of the building.”

The architect for the project is Chris Dikeakos Architects Inc.

The full development application can be viewed here: https://westvancouver.ca/sites/default/files/dwv/council-agendas/2018/apr/23/18apr23-6.pdf


1633 Capilano Road (Park West)

The Grouse Inn redevelopment seeks final development permit approval at District of North Vancouver council next week. The project, branded “Park West”, has been taking pre-registrations via it’s website.

The 2.6 acre site is is located at the north-west corner of Capilano Road and Marine Drive at the entrance to North Vancouver. The site includes a former vacant gas station site, and the existing Grouse Inn Hotel. It was originally rezoned back in 2014 for 280 units but has since been tweaked.

The project, by Pacific Gate Investments, includes two towers, one at 23-storeys and one at 19-storeys, and includes:

  • 258 condo units;
  • 94 one-bedrooms, 140 two-bedrooms, 24 three-bedrooms;
  • a free standing restaurante
  • a grocery store
  • 10 small retail units;
  • a total density of 2.50 FAR;
  • 464 underground parking spaces on two levels;
  • A community amenity contribution of $4,562,500.

The project is being promoted as a resort type project including a 4,800 SF outdoor pool and state of the art amenities.

 

 

The architect for this project is Rafii Architects.

April 13, 2018by david.taylor@colliers.com
Apartment, Development

65 Condo Units Planned for Cambie & King Edward

Pennyfarthing Homes has submitted a rezoning application for the Southeast corner of Cambie Street and King Edward. The site at 4118-4138 Cambie Street is a two lot land assembly totaling 22,234 SF and is designated under the original Cambie Corridor Plan for development up to 6-storeys in height. 

The site sits directly North of Pennyfarthing’s condo project “The Grayson” development, sold out and under construction.

The proposal for the corner site is for a 6-storey residential building that includes:

  • 65 condo units;
  • 1 studio, 22 one-bedrooms,16 two-bedrooms & 16 three-bedrooms
  • a building height of 64 ft. from grade;
  • a total density of 2.88 FSR; and
  • 68 vehicle parking spaces and 91 bicycle spaces.

The application is being considered under the Cambie Corridor Plan. 

The architect for the project is Raymond Letkeman Architects.

April 12, 2018by david.taylor@colliers.com
Apartment, Development

42-Unit Rental Project Proposed for Rupert & East 29th

A rezoning application has been submitted for a site at the corner of Rupert Street and East 29th Avenue in North Vancouver. The plan for the 18,671 SF site is to rezoned from the current C-1 and RS-1 zoning to allow a new 4-storey mixed-use building that includes:

  • 42 market rental units;
  • 5,400 SF of ground floor retail space;
  • a total density of 2.14 FSR;
  • a building height of 45 ft.; and
  • 38 underground parking spaces.

This application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Matthew Cheng Architect Inc.

April 12, 2018by david.taylor@colliers.com
Development

168-Unit Project Proposed for Capstan Village Area of Richmond

Polygon Homes has applied to the City of Richmond for permission to rezone
lands in the City Centre’s Capstan Village area at 3551,3571,3591,3611, and 3631 Sexsmith Road, between Capstan Way and Cambie Road, to allow a new 13-storey high-rise residential development. The combined site totals 89,044 SF (67,000 after road dedication) in size and is comprised of five vacant single family lots.

The site is designated Urban Centre T5 in the City of Richmond’s City Centre Area Plan. The project lies just East of Polygon’s completed three tower project “Avanti”.

Details of the project, entitled “Fiorella” include:

  • 157 condo units;
  • 7 studios, 17 one-bedrooms, 112 two-bedrooms & 32 three-bedrooms;
  • 11 affordable rental units;
  • 779 SF of community amenity space in the form of two rentable-affordable-work studios for professional artists;
  • a total density of 2.62 FAR;
  • a total building height of 133 ft.

The architect for the project is Francl Architecture.

April 12, 2018by david.taylor@colliers.com
Development

FOR SALE: 37,500 SF Cambie Townhouse Development Site

We are pleased to introduce this five-lot land assembly on West 26th Avenue, just West of Cambie and just steps to King Edward Canada Line Station. The lots will be rezoned by the City of Vancouver to allow townhouse development up to a density of 1.20 FSR.

Please download the brochure Brochure – 533-581 West 26th Ave – E Copy, or contact us for further details. 

April 11, 2018by david.taylor@colliers.com
Page 128 of 345« First...102030«127128129130»140150160...Last »

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
11 May

District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews

Reply on Twitter 2053908262093742433 Retweet on Twitter 2053908262093742433 Like on Twitter 2053908262093742433 X 2053908262093742433
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
16 Apr

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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
Load More

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