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

Infill Projects Begin Popping Up in West End

A number of development applications have begun popping up in the West End; partially a result of the West End Community Plan that was adopted by the City of Vancouver in late 2013.

Most of these projects, including a site I sold at 1546 Nelson Street earlier this year, have an underutilized land area such as a surface parking lot or oversize backyard.

Here are  few that have come up for application this summer:

1546 Nelson Street  (sold in February for $2,050,000)

1071 Cardero Street

1529 Comox Street

August 23, 2014by david.taylor@colliers.com
Development

Kerrisdale Project Scaled Back; Rental Apartments Scrapped in Favour of Condos

Bogner Development has submitted a new rezoning application for the church property it owns in Kerrisdale at 2095 West 43rd Avenue (East Blvd and West 43rd Ave).

Bogner had filed an application in January for a 6-storey, 56-unit rental apartment building at 3.25 FSR. After community feedback, that proposal was withdrawn last month.

The new proposal is for a 4-storey condo building that includes:

    • 17 residential units;
    • a density of 2.30 FSR;
    • commercial uses at grade; and
    • 27 underground parking spaces.

2095 West 43rd Ave_3

August 21, 2014by david.taylor@colliers.com
Development, Office

Bosa Planning 26-Storey Tower in Prominent Downtown Location

Bosa Properties has submitted an application to amend the existing CD-1 zoning for 1575 West Georgia to permit a 26-storey tower on the site, currently a 3-storey office building. The plan is for:

  • a 26-storey residential tower
  • a density of 10.83 FSR;
  • a total of 184 residential units;
  • ground-level commercial space;
  • three floors of office space;
  • seven levels of underground parking;
  • a total height of 265 ft.

1575 West Georgia 1575 West Georgia_2

 

 

 

1575_Site Plan

 

August 19, 2014by david.taylor@colliers.com
Apartment, Development

Another Little Mountain Project Proposed

An application has been made to rezone a 23,347 SF site consisting of an assembly of single family lots at 126-168 East 35th Avenue from RS-1 to CD-1. The proposal, being made under the Little Mountain Adjacent Area Rezoning Policy, is for a 6-storey apartment building and a 1-storey building along the lane that includes:

    • 48 residential units;
    • a density of 2.3 FAR;
    • 60 underground parking spaces

126 East 35th Ave 126-168 East 35th Avenue_

August 18, 2014by david.taylor@colliers.com
Development, Office

Construction Update: MNP Tower

MNP Tower Construction, August 15th, 2014

MNP Tower Construction, August 15th, 2014

August 15, 2014by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

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

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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