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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Development

52-Storey Tower Proposed for Brentwood Area

Ledingham McAllister is proposing a 52-storey residential tower at Gilmore Ave. and Halifax St., next to their existing project “Aviara” which is now close to half sold and is currently under construction. The proposal will head to Burnaby City Council next week and if approved, will reach first reading and public hearing in October.

“Aviara II” will include 595 residential units located in a 52-storey tower at the corner of Halifax and Gilmore, with two 4-6 storey buildings located along the Gilmore and Douglas Road frontages. The 2.9 acre site is large enough to accomodate three 25-storey towers, but Ledingham was encouraged to pursue a higher tower to preserve views for developments to the South.The proposal includes 715 parking spaces.

The development is being built at an overall density of 5.0 FAR, after a density bonus of 1.6 FAR under the City of Burnaby’s Brentwood Town Centre “s” designation. The bonus density is being valued at $73 per SF, or $13,265,779.

1713 Douglas Rd

 

September 27, 2013by david.taylor@colliers.com
Development

Paragon Reintroduces BC Place Casino/Hotel Proposal

Paragon Development Ltd. has reinvented its proposal for a $535 million redevelopment of the south side of BC Place Stadium as what they are calling an urban resort that plays up entertainment and plays down gambling with the relocation of its Edgwater Casino on False Creek.

Paragon’s last plan, in a lease deal with the BC Pavilion Corporation, was rejected by the City of Vancouver in 2011 over the proposal’s expansion of its gaming floor, but company officials said Tuesday that they’ve listened to their opponents and the new proposal is a straight transfer of Edgewater’s existing operations to the new facility, which fits into the city’s existing rezoning approval.

Paragon, with financing partner Dundee Corp.’s and operating partner 360 Vox, a real estate management company, unveiled the revamped design Tuesday, which calls for two luxury hotels with 550 rooms, a conference centre restaurants and retail space that will be linked in with BC Place.

The overall development will be 675,000 square feet of space and create an additional 2,000 jobs within the complex. Developers are aiming for completion of the project in 2016.

Read more: http://www.vancouversun.com/business/commercial-real-estate/Paragon+Gaming+offers+million+resort/8952619/story.html#ixzz2fqQS3bFw

 

September 24, 2013by david.taylor@colliers.com
Development

Polygon Pursuing Height Amendment for North Vancouver Site

Polygon Homes, who successfully bid for a full city block on West Esplanade from the City of Vancouver last year, is looking for an OCP amendment to allow a highrise. Two development options presented to council for the 2.24 acre property  at 255 W. 1st Street include a mix of residential and commercial uses to a density of 2.6 FAR.

Option 1 includes a Concept a 5-storey built form with commercial uses accessible from W. Esplanade and residential uses above. Development is divided into two buildings. The larger building is “U” shaped with the opening facing south to maximize on harbour/city views as well as light exposure. The second building runs parallel to Mahon Avenue.

Option 2 proposes a 7 storey building on the western edge of the site running parallel to Mahon Avenue, terracing gradually down to a 4 storey street wall against W. Esplanade. A separate 16 storey tower is proposed in the southeast corner of the site containing the rest of the residential density. Because the existing OCP only allows 6-storeys, this option would require an OCP amendment;  however, it is supported by the City.

255 W Esplanade

255 W Esplanade_2

September 24, 2013by david.taylor@colliers.com
Development, Office

Morguard Proposing 25-Storey Office Building at 601 West Hastings

Morguard has applied to the City of Vancouver to amend the existing CD-1 for their property 601 West Hastings Street (also referred to as 333 Seymour Street) to retain the existing office tower, and build a 25-storey office building with:

  • A total floor area of 227,700 SF
  • 3,627 sq. ft. of ground level retail space
  • a public plaza
  • a density of 24.34 FSR
  • a proposed height of 357 ft
  • 102 parking spaces and 78 bicycle parking spaces in 5 levels of underground parking

601 West Hastings601 West Hastings_2

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

Several Projects Referred to Public Hearing

Several rezoning projects are headed to council next week in anticipation of public hearing:

  1. 33-49 East Hastings St.
  • Atira Housing Society is proposing to rezone for four lots from DEOD to CD to increase the permitted density from 5.00 to 8.28 FSR and building height from 98 feet to 127 feet to allow construction of a mixed-use building with commercial use at grade and in the mezzanine, and with 12 storeys of residential use above. It includes 102 units of social/supportive housing and 67 units of  market housing secured as rental for 15 years.

2. 1412-1480 Howe Street

  • Westbank Projects is proposing to rezone 1410 Howe St.several lots on Howe Street for a 52-storey (497 ft.) residential tower with 407 residential units and a 10-storey podium containing retail and 95 residential units (market rental). Lots on Granville and Pacific Street will include 6-storey buildings providing retail and office uses. The total density is 5.08 FSR.

 

 

3. 4412-4488 Cambie Street

  • 4412 cambieDava Developments Ltd. is rezoning 4412-4488 Cambie Street from RS-1 to CD-1 under the Cambie Corridor Plan. The proposal is for a 6-storey residential development containing a total of 102 residential units (19 townhouses and 83 apartments), with a density 2.60 FSR, and 113 parking spaces. The CAC is fixed at $55.00 per SF of net increase in density.

4. 2290 Main Street2290 Main St.

  • The proposed rezoning for 2290 Main Street from IC-2 to CD-1 anticipates a 9-storey mixed-use building with 89 residential units. The proposal includes a density of 4.92 FSR, and a total height of 99 feet. The proposed project is supportable under the Mt. Pleasant Community Plan. The CAC proposed is $35.40 per SF.

5. 1526-1560 Kingsway1526-1560 Kingsway

  • The owners of these lots are proposing to rezone from the existing C-2 zoning (2.5 FSR) to CD-1 to permit the development of a six-storey mixed-use building containing 77 units of market rental housing with commercial retail use at grade. The proposed density is 3.85 FSR. The application is consistent with Council’s Secured Market Rental Housing Policy (Rental 100).
September 19, 2013by david.taylor@colliers.com
Page 280 of 345« First...102030«279280281282»290300310...Last »

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
16 Apr

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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

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

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

Reply on Twitter 2042378406193738120 Retweet on Twitter 2042378406193738120 Like on Twitter 2042378406193738120 1 X 2042378406193738120
Load More

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved