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

108 Unit Apartment Building Proposed for Central Lonsdale

The owner of two rental apartment buildings at 141 & 147 East 21st Street in North Vancouver has applied to rezone the properties to allow a new 6-storey rental apartment building. The application for the site, which is located behind the London Drugs on Lonsdale, proposes to demolish and replace the existing buildings on site with a new building. The redevelopment would result in a net increase of 74 units. The site is 27,670 SF in size and the total proposed density is 72,613 SF, resulting in a total density of 2.53 FSR. The provision of rental under a secured agreement is considered the CAC for the rezoning.

141-147 East 21st Ave 141-147 East 21st Ave_2

 

July 4, 2014by david.taylor@colliers.com
Development

Construction Update: Trump Tower

Taken July 2, 2014.

July 4, 2014by david.taylor@colliers.com
Apartment, Development

Proposal for Kerrisdale Rental Building Withdrawn

Plans for a rental building in Kerrisdale that were submitted earlier this year, have now been withdrawn.

Bogner Development Group had proposed rezoning on the church site for a 6-storey, 56-unit rental building. A notificaiton on the City’s website indicates that Bogner is withdrawing the proposal:

“After review of the public feedback provided through the application process, the applicant has decided to withdraw rezoning application for a 6-storey secured market rental building on this site. The applicant is now working with staff to review potential options for the site.”

The rezoning would have been one of the first under the Interim Policy for Affordable Housing, and at 6-storeys, would’ve also been taller than most proposals under existing zoning in Kerrisdale.

Here is what was proposed:

2095 West 43rd Ave_2

July 3, 2014by david.taylor@colliers.com
Development

Two More Towers Coming to Metrotown

Rize Alliance‘s plan for two condo towers in Metrotown will take another step forward this month. “Gold House” is a 490-unit project consisting of a 41-storey tower and a 26-storey tower over a commercial and townhouse podium.Gold House MapScreen-shot-2014-05-07-at-10.49.53-AM

The 87,505 SF site is located at the corner of Beresford Street and McKay Avenue. The total proposed density is 6.3 FAR. The unit types are mostly studios and 2 bedrooms.

The project also includes 5,181 SF of retail on the ground floor, and 19,799 SF of office space on floors 2-5.

July 2, 2014by david.taylor@colliers.com
Development, Office

Construction Update: 745 Thurlow

June 25, 2014by 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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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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