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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Development

Latest Cambie Proposal Features 57-Units

Create Properties Ltd. has filed an application to rezone a two-lot land assembly at 4238-4262 Cambie Street for a 6-storey condo building.The site is located mid-block on the East side of Cambie between West 26th and West 27th Avenue, and is 20,252 Sf in size.

Project details include:

    • 57 residential units including 5 townhomes on the lane;
    • a total density of 2.75 FSR;
    • a building height of 64 ft.; and
    • 84 underground parking spaces and 77 bicycle parking spaces.

4238-cambie_1 4238-cambieThe application is being considered under the Cambie Corridor Plan.

The architect for the project is Arno Matis Architecture.

December 16, 2016by david.taylor@colliers.com
Development

Two 6-storey Buildings Planned for Marpole

Vanac Development has submitted an application to rezone two adjacent three-lot single family land assemblies for new 6-storey condo buildings under the Marpole Community Plan.

The two 18,000 SF sites are located at 470-486 West 58th Avenue and 469-485 West 59th Avenue and the two separate rezoning applications each call for a six-storey residential building, including:

    • a floor space ratio (FSR) of 2.50
    • a building height of 21 m (69 ft.) from grade;
    • 43 residential units; and
    • 63 underground parking spaces over one and a half levels 60 bicycle spaces.

469-west-59thThe applications are being considered under the Marpole Community Plan.

The architect for the project is Francl Architecture.

December 16, 2016by david.taylor@colliers.com
Development

54-Unit Building Planned for West 41st near Cambie

iFortune Homes has submitted a rezoning application for a three lot land assembly in the Cambie Corridor area. The address for the combined 21,342 SF site is 5733 Alberta Street and 376-392 West 41st Avenue. The preliminary plan calls for a 6-storey building that includes:

  • 54 market residential units;
  • 17 one-bedroom units, 23 two-bedrooms & 14 three-bedroom units
  • a building height of 69 ft.;
  • a density of 2.63 FSR; and
  • 62 underground parking spaces and 84 bicycle parking spaces.

5733-alberta 5733-alberta_1 5733-alberta_2The application is being considered under the Cambie Corridor Plan.

The architect for the project is GBL Architects.

December 11, 2016by david.taylor@colliers.com
Development

9-Unit Townhouse Project Proposed for Marpole

Coromandel Properties has filed a development application for a two-lot assembly on French Street in the Marpole area of Vancouver. The plans for the 9,723 SF, RM-8 zoned site is for:

  • a 9 unit courtyard rowhouse development
  • 1.20 FSR
  • underground parking accessed from the lane.

7871-french7871-french_1The architect for the project is Gateway Architecture.

Coromandel had acquired the lots in early 2016 for a combined value of $3,850,000, or approximately $330 per buildable SF. Coromandel is now under construction across the lane for The Leveson, at Granville and West 62nd.

December 9, 2016by david.taylor@colliers.com
Development, Retail

16-Unit Building Planned for West 17th & Heather

GBL Architects Inc. has applied to the City of Vancouver for permission to develop an 11,484 SF, C-2 zoned site at the corner of West 17th Avenue and Heather Street. The site is currently improved with a 3-storey walkup apartment building with ground floor retail.

Basic plan details consist of a 4-storey mixed use building with:

    • one level of Retail and four levels of Residential
    • 16 units
    • 10 two-bedrooms and 6 three-bedrooms
    • total density of 2.44 FSR
    • 2 levels of underground parking, having vehicular access from the lane.

711-west-17th_2711-west-17th711-west-17th_1Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The site was listed for sale in early 2016 and sold to a numbered company for $9,100,000, or $325 per buildable SF.

December 9, 2016by david.taylor@colliers.com
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First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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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

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16 Apr

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

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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