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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Development

Rezoning of Turner’s Dairy Property Includes 13 Units

The City of Vancouver has received a rezoning application for the Turner’s Dairy property, a commercial/industrial building built in 1913 and located at the southwest corner of Ontario Street and West 17th Avenue in Vancouver. The RS-7 zoned site is 11,812 SF.

The building was bought in 1978 by the Hemani family and converted to a manufacturing space for the family business: leather goods, and has operated there since that time.

The rezoning proposal is for the adaptive reuse of the existing 3-storey building, including:

  • heritage restoration and designation;
  • a total of 13 market residential units in stacked/courtyard rowhouse form;
  • a total density of 1.82 FSR;
  • a building height of 35 ft.;
  • 20 vehicle parking spaces; and
  • 18 bicycle spaces.
6 West 17th_2

Existing Building

6 West 17th_1 6 West 17thThe rezoning is being made under the City’s Heritage Policies and Guidelines, including the Heritage Action Plan

The architect for the project is ASIR Studio.

The full rezoning application can be viewed here: http://rezoning.vancouver.ca/applications/6w17thave/index.htm

May 30, 2017by david.taylor@colliers.com
Development

FOR SALE: 5-Lot Land Assembly on West King Edward

A 5th lot has been added to this land assembly that we launched last week. The total site area is now 39,195 SF, and is located in the Cambie Corridor Phase 3 area with a townhouse designation.

The lots will be pre-zoned by the City of Vancouver once the Phase 3 Plan has been adopted by City of Vancouver Council in late 2017/early 2018.

56-96 W King EdContact us for further details on the offer process.

May 30, 2017by david.taylor@colliers.com
Development

Four Tower Project Planned for Brentwood Site

Boffo Developments has submitted an application to rezone a 4.12 acre site at Lougheed and Springer in the Eastern part of the Brentwood Town Centre area of Burnaby. The site is currently comprised of five older industrial buildings located near the Holdom Skytrain Station. The current zoning is M-2.

The site has a designation of RM-5s designation in the Brentwood Town Centre Development Plan. Boffo is proposing a four-tower project to be established by a master plan over the entire site. Phase 1 would occur in the Northeast corner of the site, and future rezoning applications would be required for the subsequent three phases.

Details include:

  • Four residential towers from 25 to 40-storeys;
  • Above-ground parking screened by street fronting townhouses;
  • Extension of Lougheed Parkway concept along South side of Lougheed Hwy;
  • Public plaza at Lougheed and Springer Avenue.

5258 Lougheed

May 29, 2017by david.taylor@colliers.com
Development, Office, Retail

540-Units Planned for North Road Site

Onni has submitted their formal rezoning application for a site at 3249-3355 North Road on the Burnaby side of North Road in the Lougheed Town Centre area plan. The site sits immediately north of Shape’s City of Lougheed project.

The 151,116 SF site is comprised of a 1980’s era strip mall with office space, as well as a vacant lot. The plan for redevelopment of the property includes:

  • A 32-storey north condo tower & 36-storey south condo tower
  • A 14-storey office building with 160,000 SF of office space;
  • A 2-storey commercial podium fronting North Road;
  • 17,000 SF of retail space;
  • 540 total units;
  • 110 studios, 171 one-bedrooms, 196 two-bedrooms & 63 three-bedrooms;
  • A total density of 4.88 FAR;
  • A pedestrian plaza at the corner of North Road and Cameron Street
  • 1,100 parking space on 4 levels of underground parking.

3249 North Rd

May 29, 2017by david.taylor@colliers.com
Development

17-Unit Townhouse Project Planned for Lynnmour Area

A rezoning application has been submitted for a site at 905-959 Premier Street in the Lynnmour area of North Vancouver. The consists of four single family lots on the West side of Premier Street, bordering Inter River Park.

Details of the proposal include:

  • 17-townhouse units in four buildings;
  • all three-bedrooms ranging from 1,129 SF to 1,232 SF;
  • a total density of 0.75 FSR;
  • 35 parking spaces in garages.
  • a total CAC payment of $257,281

905 Premier_2905 Premier_1 905 Premier

May 26, 2017by david.taylor@colliers.com
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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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