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.
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

Vancouver Council Approves Oakridge Centre Rezoning

The hotly debated Oakridge Centre redevelopment rezoning was passed by city council Friday after three days of public hearings.

All Vision Vancouver councillors voted in favour of of the proposal. NPA councillors George Affleck and Elizabeth Ball and Green Party Coun. Adriane Carr voted against it.

The project will include 11 residential towers between 19 and 44-storeys in height and bring massive change to the landscape of one of Vancouver’s most central neighbourhoods.

Continued from public hearings on Monday and Tuesday, Friday’s session rounded out the bulk of the 138 speakers who appeared during the three days to voice their opinions to mayor and council. Although there was a mix of speakers in favour and opposed throughout the ongoing public hearings, a majority of speakers Friday afternoon mounted a last ditch defence against the project.

Resident Carey Murphy said the deviation from the 2007 policy for the area is too significant and said that what the proposal does to the owners of the Terraces residential complex at Oakridge Centre is “just shameful.”

Marine Gardens resident Charlene Gunn spoke on numerous issues related to the increase in density, such as the need for more schools and police and fire services.

“Oakridge and Marpole aren’t just pieces of land with investment potential, they are communities,” said Gunn.

Read more: http://www.vancourier.com/news/vancouver-council-approves-oakridge-centre-rezoning-1.899724

March 17, 2014by david.taylor@colliers.com
Development, Office

CONSTRUCTION UPDATE: Telus Garden Office Tower

photoPhoto credit: Brady Fleguel

March 16, 2014by david.taylor@colliers.com
Development, Investment, Retail

4253-4273 Dunbar Street, Sold

4253-4273 Dunbar Street has sold for $8,010,000 to Dayhu Investments. The 12,870 SF C-2 zoned property on the Westside of Dunbar was listed by Colliers in late 2013 by unpriced bid process. There are existing tenancies in place, but the property has long-term redevelopment potential.

4253 Dunbar

March 13, 2014by david.taylor@colliers.com
Development

CONSTRUCTION UPDATE: MNP Tower

IMG_9073 by 604 City
IMG_9073, a photo by 604 City on Flickr.

March 12, 2014

March 12, 2014by david.taylor@colliers.com
Development, Retail

Whole Foods Opening on Lonsdale Avenue in North Van

Grocery shoppers will have to wait a while for North Vancouver’s first Whole Foods to open on the corner of 13th and Lonsdale Avenue.

Slated to open in early 2018, the 40,000-square-foot store will be in the same lot where Safeway is now and will anchor The Onni Group’s mixed-use development, which includes an 80-foot office building and two condo towers measuring 240 feet and 180 feet.

18558northshorelonsdalewholefoods

“We are deeply committed to creating a store that serves the unique needs of this community, and will reach out to ask for direct feedback about what our new neighbours would like to see in the store,” said Joe Rogoff, president of Whole Foods in the Pacific North West region, in a press release.

Know for its organic and natural selection of food, this will be the second Whole Foods on the North Shore, including a location already at Park Royal Village.

Read more: http://www.northshoreoutlook.com/news/249328321.html

March 11, 2014by 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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