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, Office

New Mixed-Use Building Planned for Railtown

A new light industrial/office building is being planned for a mid-block site on Railway Street, in an area East of Main Street along the CN Rail tracks. The plan for the 132′ x 53′ (6,584 SF), M-2 zoned site is for a 6-storey building including:

  • retail on the ground floor, manufacturing on floors 2, 4 & 5, wholesaling on the third floor and office space on the 6th floor
  • a total density of 5.0 FSR
  • a building height of 100 ft.
  • 3 levels of underground parking
  • no building setbacks

Considered Design Inc., the landscape architect for the project, has some renderings on their website, including the one below.

353 Railway_1353 Railway

 

August 28, 2015by david.taylor@colliers.com
Development

Townhouse Project Planned for Marpole

A development application has been made to the City of Vancouver to develop a 20,108 SF site at 8492-8570 Osler Street, an assembly of five single-family homes near Oak and 70th Street. This area was rezoned by the Marpole Community Plan in 2014 and this particular block is now in the RM-8 zone, which allows townhouse development up to 1.20 FSR. The plan by Formwerks Architectural for this assembled site includes:

  • a courtyard townhome development with 4 buildings
  • a total of 18 two plus partial storey units
  • 1 level of underground parking accessed of lane
  • A total density of 24,220 SF (1.20 FSR)
  • 30 ft courtyard

8492 Osler_18492 Osler

 

August 25, 2015by david.taylor@colliers.com
Apartment, Development

Rental Aparment Project Planned For 49th & Main Street

Orr Development has applied to rezone a site at the Southwest corner of 49th and Main Street from C-2 to CD-1. The plan is calls for a rezoning of the site under the Rental 100 program to allow a 6-storey apartment building building that includes:

    • 75 secured market rental units;
    • retail space at grade
    • a building height of 70.2 ft. from grade;
    • a density of 3.60 FSR, and
    • 80 underground parking spaces and 97 bicycle parking spaces

6507 Main6507 Main_1 6507 Main_2

August 20, 2015by david.taylor@colliers.com
Development, Retail

Prime Granville & Davie Corner Slated for Redevelopment

A development application has been made to the City of Vancouver for permission to redevelop a prime downtown corner. The site is located at the Northwest corner of Granville and Davie, and is most well-known as “Tsui Hang“, a popular late night Chinese restaurant. Tsui Hang is located in what was once a bank, built in the 1940s. The balance of the site contains older run-down one and two-storey commercial buildings. The developer is Deecorp. The architect is MCMP.

Preliminary plans call for a redeveloped site include a 7-storey mixed use building. The proposal includes the following:

    • 94 residential units (75 one-bedrooms and 19 2-bedrooms)
    • Retail on the ground floor;
    • Total density of 3.85 FSR (3.5 max + 10% heritage bonus)
    • Building height of 71 ft.
    • Total floor area of 69,300 SF
    • 47 underground parking spaces accessed from the lane

717 Davie 717 Davie_1 717 Davie_2717 Davie_3

August 20, 2015by david.taylor@colliers.com
Development

FOR SALE: 1080 Barclay Street, Vancouver

1080 Barclay 1080 Barclay_1Contact us for further details.

August 18, 2015by 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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