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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Apartment, Development, Retail

6-Storey Rental Building Planned for Hastings Heights

A rezoning application has been submitted for a new rental apartment building on a 66′ lot on the South side of East Hastings Street in the Hastings Heights area of Vancouver. The site totals 6,762 SF and is currently zoned C-2C1.

The plan for the site at 3532 East Hastings Street is to rezone under Rental 100 for a 6-storey building, consisting of:

    • 34 secured market rental units;
    • 2,021 SF of retail space at grade;
    • a total density of 4.08 FSR;
    • a building height of 67 ft.; and
    • 1 level of underground car parking with 24 stalls.

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

The architect for the project is Gair Williamson Architects.

The property last sold in June 2016 for $3,100,000 or $83 per buildable SF based on the rezoning application.

January 25, 2018by david.taylor@colliers.com
Apartment, Development

More Units Proposed for Arbutus Village Project

Larco has applied to the City of Vancouver to amend the rezoning for the Arbutus Village Shopping Centre site.

The overall rezoning for the 7-acre site was approved back in 2011, with the first two phases along Arbutus now having been fully approved and under construction. 

The new rezoning proposal would increase the overall residential floor area for the remaining phases on the Western portion of the site (Blocks C and D), including an increase in the number of market and social housing units. The application cites the housing crisis which has worsened considerably since 2011, as well as the re-imagining of the Arbutus Greenway and Arbutus Corridor. 20% of the units are required to be social housing.

The specific amendments that affect the remaining project (Blocks C and D) include:

  • A 113,519 SF increase in total density;
  • A total of 240 units;
  • An increase in building height on Block C to 197 ft
  • An increase in building height of Block D to 236 ft.
  • 2,700 SF expansion of planned Neighbourhood House (approx. 10,000 SF)

Blocks C & D also includes about 10,000 SF of retail space, as well as an adult day care, and strata rec centre.  The rezoning application proposes no change to the amount of commercial space, and includes an expanded Neighbourhood House referenced above.

January 23, 2018by david.taylor@colliers.com
Development

142-Unit Rental Project Planned for Port Moody

Woodbridge Properties has submitted their formal application to develop a rental apartment project on a site at 3131-3137 St. Johns Street, on the South side of the street between Moray Street and James Road. The site is located 600 metres from Inlet Centre Station. The application, first introduced to the public last summer, requires an OCP amendment, rezoning and development permit, and will now go forward for council’s consideration.

Plans call for a new 6-storey building that includes:

  • 142 rental apartment units;
  • 6 studios, 59 one-bedrooms, 72 two-bedrooms and 5 three-bedrooms;
  • A total density of 3.20 FAR;
  • 180 underground parking spaces;
  • A total building height of 60.4 ft;
  • An on-site children’s amenity space.

 

January 19, 2018by david.taylor@colliers.com
Development

FOR SALE: West End Infill Development Site

We are pleased to introduce this unique West End infill development site. This is a great opportunity for those looking to build a boutique 6-unit project, or for a buyer seeking a large personal residence close to Stanley Park. There is an approved DP in place subject to prior-to conditions; this allows for immediate development and/or minor design changes to suit the buyer.

Please download our brochure: BRO 1860 Barclay Street – E Copy

Or contact us for further details.

January 19, 2018by david.taylor@colliers.com
Development

FOR SALE: Cambie Corridor Development Site

I am pleased to introduce this phenomenal 20,250 SF development site on the best stretch of the Cambie Corridor. 

Please download the brochure here: 4361-4387CambieSt_Van_Brochure_E Copy

January 18, 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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