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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Apartment, Development

16-Storey Rental/Strata Building Proposed for Lower Lonsdale

FDG Property Management has submitted a rezoning proposal for 161-165 E. Keith Rd. to allow the construction of a 93-unit 16-level residential building with 52 strata units, and 41 purpose built rental units secured in perpetuity and involving a density transfer/sale from adjacent City owned lands. The lands under consideration include Site B (12,598 SF) and the adjacent City Parcel Site A (7,600 SF) which have a combined area of 20,198 SF. This combined site shown below.

161 East Keith Rd_1The existing rental building on the site, Park Lane Manor, was constructed in 1954 and has 12 units. As such, it is one of the older purpose-built rental buildings remaining in the City and is in relatively poor condition. It will be replaced by this proposal.161 East Keith Rd.

February 19, 2014by david.taylor@colliers.com
Development

20-unit Building Planned for 1545 West 8th Avenue

Kenstone Properties has filed a development application for a property it acquired several years ago on the North side of West 8th between Fir and Granville. The C-3A zoned site is planned for the following:

  • 20 residential units
  • 40 underground parking stalls
  • a density of 3.3 FSR

1545 West 8thLearn more here: http://former.vancouver.ca/devapps/1545w8th/index.htm

February 18, 2014by david.taylor@colliers.com
Development

Final Draft Marpole Community Plan Released

The City of Vancouver has released the proposed draft of the Marpole Community Plan to be considered by City Council in the next month or so. Click here to view the plan.

View South on Granville

View South on Granville

February 17, 2014by david.taylor@colliers.com
Development

65-unit Building Proposed for Cambie and West 28th

RDG Management Ltd. has made an application to rezone a 28,497 SF assembly at 508 West 28th Avenue and 4439-4461 Cambie Street from RS-1 to CD-1 to permit a 6-storey residential building that includes:

  • 65 market housing units
  • a building height of 74 ft.
  • a density of 2.60 FSR
  • 82 underground parking spaces

4439 Cambie 4439 Cambie_2Learn more: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/508w28th/index.htm

February 11, 2014by david.taylor@colliers.com
Development, Office

Cloverdale Gateway Project to Break Ground Within a Month

A prime piece of Cloverdale real estate that’s sat vacant nearly 15 years won’t be a patch of dirt much longer.

Construction on the Cloverdale Gateway project is expected to start by late February or early March, according to the building’s architect, after Surrey city council approved a final re-zoning application last month.

22299cloverdale020614gateway01webA two-storey office and retail building at the entrance of the historic downtown core would replace the empty lot that was once home to a gas station.

Burnaby’s PJ Lovick Architects firm spearheaded the design featuring brick columns, long wood beams and tall glass windows.

“It will be a great gateway piece,” said architect Andrea Scott, adding construction on the corner of Highway 10 and 176 Street should be finished by the year’s end.

Read more: http://www.cloverdalereporter.com/news/244016691.html

February 7, 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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