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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

Pearson Dogwood Site Takes Next Step Forward

Vancouver City Council will vote this week on whether to approve the Pearson Dogwood Policy Statement.

The Policy Statement will guide the rezoning and redevelopment of the 25.4 acre Pearson Dogwood site at Cambie and 59th that is controlled by the Province/Vancouver Coastal Health. It considers the future mix of uses, density, height, building forms, character, public spaces, circulation and movement, and parks and community facilities to serve the new and existing community.  Below is a summary:

  • a density of 2.8 FSR (gross)
  • 3-28 storey residential buildings mixed with community space, commercial space, and a new transit station

Pearson2

Pearson3Pearson 4

January 20, 2014by david.taylor@colliers.com
Development

Foggy Vancouver

Foggy Vancouver by Sniper Photo Shots
Foggy Vancouver, a photo by Sniper Photo Shots on Flickr.

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

Polygon Proposing 95-Unit Waterfront Project in North Vancouver

Polygon Homes has submitted a rezoning and OCP amendment application to the District of North Vancouver. They are proposing to redevelop 4 industrial lots on Dollarton Highway, just East of Cates Park. The plan calls for a 95 units; broken down as 80 condominium
units in three, 4 storey apartment buildings; and, 15 townhouses in five blocks containing 2 to 4 units, arranged along the waterfront.

Dollarton_PolygonThe 4.74 acre site consists of 4 industrial lots located on the south side of Dollarton Highway, immediately west of Cates Park/Whey-au-Wichen as illustrated on the aerial photograph.

The site is currently occupied by Noble Towing (Dollarton Shipyard) and McKenzie Barge and Marineways and has been historically used for ship building/repair purposes.

Dollarton_Polygon 2Dollarton_Polygon 3

 

January 9, 2014by david.taylor@colliers.com
Apartment, Development

9-Storey Rental Building Proposed for 179 Main St.

A development permit application has been submitted for 179 Main Street, located directly North of the Fire Station at Main and Powell. The zoning for the site is DEOD and the plan is for a 9-storey residential building including the following:

  • A total area of 35,828 SF
  • A density of 3.98 FSR
  • Ground floor retail
  • 9 social housing units
  • 47 market rental units

179 Main179 Main 2More information: http://former.vancouver.ca/devapps/179main/index.htm

January 7, 2014by david.taylor@colliers.com
Development

Rental Tower Proposed for West End Church Site

The Central Presbyterian Church in partnership with Bosa Properties has applied to rezone 1155 Thurlow Street from RM-5B  to CD-1 to allow development of a 22-storey mixed-use building including market and non-market rental housing, retail space, a church and a preschool.  The proposal, which precedes the recently adopted West End Community Plan includes:

  • proposed density of 9.45 FSR
  • proposed floor area of 163,365 SF
  • the proposed height of 206.3 ft
  • 168 market rental housing units
  • 45 non-market rental housing units; and
  • 133 parking stalls

1155 Thurlow St

The application was made under the Policy on Consideration of Rezoning Applications and Heritage Revitalisations Agreement During Community Planning Processes and the Mayor’s Task Force on Housing Affordability.

Learn more here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/1155thurlow/index.htm

January 6, 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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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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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

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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