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

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
Development

South Surrey Tower Proposal Heads to Council in January

A public hearing on a residential towers proposal with arts amenities for South Surrey could take place as soon as Feb. 3, if the project passes first and second readings in January.

That’s the target date, according to Shawna Nickel, marketing director for Cotter Architects Inc., designer of the multi-purpose project proposed for co-developers the Reifel Cooke Group and the Surrey City Development Corporation.

50708whiterockSemiahmoo_ProposedMixofUses_Large

The target date for first and second readings of the project is Jan. 13. If both readings are passed, the project would be able to proceed to public hearing on Feb. 3.

The two-tower proposal – which, in addition to around 328 residential units, would provide building shells for both a 350-seat theatre/performing arts centre and contemporary arts cafe and gallery – would be located at the corner of 152 Street and 19 Avenue.

Read more: http://www.peacearchnews.com/news/236475391.html

December 19, 2013by david.taylor@colliers.com
Development

Mixed Use Proposal for Lower Lonsdale Moves to Public Hearing

An application by Staburn Property Group for a site at 101-149 Lonsdale Avenue was moved forward at City of North Vancouver Council.

The rezoning application seeks to rezone the 101-149 Lonsdale Avenue lots from their existing LL-2 Lower Lonsdale zoning to a site-specific zone to permit a six-storey mixed-use building containing 69 residential units, 10,825 SF of commercial office space, and 12,589 SF of retail space at grade. 101-149 Lonsdale

 101-149 Lonsdale_2

The application further proposes dedicating the “Beasley Block” (also known as the “McDowell Block”), at the south end of the site, as a Municipal Heritage Site. The project includes five non-market residential units proposed to be owned and operated by the Vancouver Resource Society. The development includes a mix of unit sizes and types, with three junior 1-bedroom units, 36 1-bedroom units, 27 2-bedroom units and three 3-bedroom units. The net density is 3.5 FAR.

December 18, 2013by 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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