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

Shape Looks to Rezone for first Brentwood Mall Tower

The first tower being proposed in the transformation of Brentwood mall could give Burnaby a big boost in rental housing.

“A total of 591 apartment units are proposed, 300 of which are intended to be purpose-built rental units to be owned and operated by the developer, Shape Properties Corp. and their funding partners,” said a city staff report.

Shape Properties, which owns the mall, has applied for a rezoning of the southwest corner of the 28-acre mall site to allow for a 53-storey tower on top of a three-storey commercial podium for which it earlier applied for a rezoning…

The first tower would be located atop the commercial podium at the corner of Willingdon Avenue and Halifax Street. The project would include two separate lobby areas complete with concierge services and elevators at ground level, with the rental lobby facing Willingdon and the strata lobby fronting onto Halifax.

The first floor of the tower, on top of the podium, would be a combined rental and strata amenity level, including a fitness facility, media and games rooms, lounge, kitchen and dining area and two guest suites.

From there, the first 25 floors will accommodate the rental units and the upper 27 levels will be designated for condominiums.

http://www.burnabynewsleader.com/news/242424331.html

January 29, 2014by david.taylor@colliers.com
Development

FOR SALE: Westside Development Site

526-548 W King Edward526, 536 & 548 King Ed Brochure

January 23, 2014by david.taylor@colliers.com
Development, Investment

Onni Acquires Gilmore Site in Burnaby

Onni announced via instagram today that they have acquired the 12.5 acre Gilmore Station area lands from Standard Life. The site, which is partially vacant, and partially occupied by industrial and office buildings, sold for a reported $110 Million.

Gilmore Lands

 

January 23, 2014by david.taylor@colliers.com
Apartment, Development

Rental Apartment Building Proposed for Oak Street

The owners of an papartment building on Oak have applied for a development application to redevelop an existing apartment property they own at 2975 Oak Street (at West 14th). The proposal is permitted under the existing RM-3A zoning, but required City approval. The plan includes:

  • Heritage designation of the existing structure
  • 50 market rental units
  • A total density of 2.8 FSR

2975 Oak St._22975 Oak St

January 22, 2014by david.taylor@colliers.com
Apartment, Development

Rental Building Proposed for Kerrisdale Church Site

Bogner Development Group is proposing to rezone a former Church site on West Boulevard (2095 West 43rd Avenue) from RM-3A  to CD-1 to allow a 6-storey rental apartment building under the Rental 100 program that includes:

    • 56 secured market rental units;
    • a density of 3.25 FSR
    • commercial uses at grade; and
    • 29 underground parking spaces.

2095 West 43rd Ave

 

2095 West 43rd Ave_2Read more: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/2095w43rd/index.htm

January 22, 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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