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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

Construction Update: Telus Garden Office Tower

IMG_1023

by 604 City

April 14, 2014by david.taylor@colliers.com
Development, Office

Construction Update: Telus Garden

The office building is now topped out.

IMG_0993

Photo taken April 8, 2014 by 604 City.

April 9, 2014by david.taylor@colliers.com
Development

7-Storey Mid-rise Pitched for Lower Lonsdale

The third of four mixed-use commercial/residential tower projects proposed for Lower Lonsdale is now coming up for scrutiny by council and the public.

Developer Polygon is looking to build a sevenstorey tower (five storeys of residential on two storeys of commercial) at 255 West First St. and 260 West Esplanade, currently home to Hollyburn Family Services and Family Services North Shore.

255 West 1st

If approved, the building will have 208 one, two, or three-bedroom condo units, at least 62 of which have adaptable designs, to accommodate seniors and people with mobility issues. Measured from First Street, the building would be 52.5 feet tall, according to a city staff report.

Previously, Polygon had pitched a 16-storey highrise for the site, but later abandoned those plans.

Read more: http://www.nsnews.com/news/7-storey-mid-rise-pitched-for-lower-lonsdale-1.944495

April 8, 2014by david.taylor@colliers.com
Development

Tower Proposal for Marine and Capilano Presented to Public

2 Rendering Grouse InnA rezoning application is in the works for the Grouse Inn site at Marine Drive and Capilano Road in North Vancouver. Rafii Architects Inc. has applied for the site owner – Pacific Gate Investments Ltd. The multi-tower mixed use project was envisioned in 2012/2013 in the Lower Capilano Marine Village Centre Plan developed by the District of North Vancouver.

2010 Capilano Road - Grouse Inn

The proposal is for 262 residential units and 36,000 SF of commercial space with a total Floor Space Ratio (FSR) of 2.5, broken down as follows:

Rendering Grouse InnHousing:

  • Townhouses: 10 units
  • Tower #1:  154 units
  • Tower #2:  98 units
  • Total: 262 units

Commercial:

  • Commercial 4-storey mixed retail and office building:  approx 30,000 SF
  • Commercial stand-alone restaurant:  approx 6,000 SF

Public:

  • Public Plaza at Capilano Road and Marine Drive:  approximately 5,000 sq. ft.
  • Public Park south of Curling Road:  approximately 7,500 sq. ft.
April 7, 2014by david.taylor@colliers.com
Development, Office

Five Ten Seymour Street

By ChangingCity

This project started out as something of a mystery in June of 2013 – an office building on a site on the corner of West Pender and Seymour Street. Right now there are two older 2-storey buildings, one is a sushi restaurant and the other (dating from 1905) currently vacant.

Five TenThe mystery was that as far as we knew there wasn’t either a rezoning or development application submitted, although the building was being marketed. The design by Musson Cattell Mackey initially was for a 9-storey building with 77,000 sq ft of space (right).

Now there’s a development application, it’s a 10 storey building, and the design has evolved into something that looks really much more interesting. Our image shows the view down Seymour, looking north. There are angled glazed sections in the Seymour facade that don’t show up well from this angle, but which add an extra level of variation on what is really a very efficient block floorplate.

The Urban Design panel are due to see it in April 2014, and given a positive response it’s scheduled for the Development Permit Board in June.

 …read more

Source: Changing City

April 6, 2014by 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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