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

Wesgroup Initiates Rezoning for Marine & Cambie Site

Following two projects (Marine Gateway and MC2) that have largely sold out and moved into the construction phase, Wesgroup is proposing to rezone their site at the Northwest corner of Marine Drive and Cambie Street to permit a high density residential development consisting of:
  • 368 residential units located in a 285 foot, 31-storey high rise tower and a 12-storey tower both sitting above a 2-storey base podium.
  • Ground level commercial space of approx. 15,000 SF located along the Marine Drive and Cambie Street frontages.
  • a separate three storey community amenity facility at the northwest corner. Adjacent to Ash Park, the facility is proposed to contain a 37 space daycare facility and a 4,500 SF community facility, which is anticipated to accommodate a relocated Marpole Oakridge Family Place.
  • 387 underground parking spaces.
  • a total density of 5.60 FSR.

Source: City of Vancouver

June 4, 2013by david.taylor@colliers.com
Development

DNV Seeks Input on Lynn Valley Density

DNV seeks input on Lynn Valley density.

District of North Vancouver residents who want to have a say in the future of the Lynn Valley core are invited to a series of workshops and open houses over the next three weeks.

The town centre is one of four spots in the district earmarked for concentrated growth over the next 20 years.

The Lynn Valley hub has been viewed as a means of addressing what Mayor Richard Walton called a “demographic exodus” among district residents between the ages of 20 and 40. By including affordable townhouses and mid-rise as well as highrise apartments, the district could attract young adults and young families back to the district.

While plans are subject to change, early designs for the town centre include a high-density pedestrian-oriented realm with a mix of retail, shops and housing. A major section of the mall would be retained in the 20-year plan.

Read more: http://www.nsnews.com/news/seeks+input+Lynn+Valley+density/8448607/story.html#ixzz2UsdSNnco
May 31, 2013by david.taylor@colliers.com
Development

5-storey Building Proposed for Marine Drive Kia Site, North Vancouver

Darwin Construction is proposing a 5-storey building, inclusive of 9,160 SF of retail at grade with residential above at 745 Marine Drive in North Vancouver, currently home to a Kia dealership. The residential may be rental or strata, or a mix of both. The total density proposed is 2.3 FSR. The Kia dealership would then be relocated as part of the proposal to 843-855 West 1st Street in a brand new dealership building.

725 Marine-1

May 30, 2013by david.taylor@colliers.com
Development, Office

Telus Office Tower Construction Reaches Grade

Construction on Telus’ new Downtown Vancouver headquarters is now progressing above ground. The 22-storey complex is scheduled to be complete in early 2015.

Telus Office Tower Construction

Telus Office Tower Construction

All photos courtesy of Built Form on SSP.

May 28, 2013by david.taylor@colliers.com
Development

Sears Proposes Redevelopment of Metrotown Property

Sears Canada is proposing a multi-phased, mixed-use development on their Metrotown property, located on the South side of Kingsway at Nelson Avenue, next to Metropolis, consisting of a new “flagship” department store, and high-rise residential and commercial towers above commercial-retail podiums.

The 8.9 acre site is highly integrated with the adjacent Metropolis at Metrotown shopping centre, but is situated on a separate legal parcel under ownership (Sears Canada) that is different from the Metropolis at Metrotown site (Ivanhoe Cambridge).

Sears

More information can be found HERE.
May 27, 2013by 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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