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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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
Development, Retail

Third Tower for Pearson Dogwood Site Includes 177 Units

Onni Group has applied to the City of Vancouver for permission to develop Parcel C of the Pearson Dogwood site. This is the second development application submitted for the 25 acre rezoned site, with the first being Parcel A, submitted for approval in February.
 
Parcel C is located on the North side of the overall site, on the south side of West 57th between Cambie Street and Heather Street. The plan is for a 27-storey mixed-use building that includes the following:
 
  • 171 market dwelling units;
  • 66 one-bedrooms, 99 two-bedrooms and 5 three-bedrooms;
  • 6 Pearson supportive units;
  • 17,500 SF of retail on Level 1, community health centre on Levels 1-4 and child daycare on Level 4;
  • a building height of 292 ft.;
  • 330,593. sq.ft. of floor area; and
  • four levels of underground parking accessed from a new internal street.

April 10, 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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