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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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

Quality Inn at 1335 Howe Street to be Redeveloped

1335 Howe Street

Intergulf Development Group in conjuction with the owners of the Quality Inn at 1335 Howe Street are proposing a 39 storey, 180 unit residential tower in Downtown South.  The architect for the project is Ramsay Worden.

A preliminary open house for the project was held on April 3 at the Quality Inn. 

Cue outrage from purchasers of suites in Maddox and Salt.

April 8, 2013by david.taylor@colliers.com
Development, Retail

South Surrey Superstore Site Takes Shape

Peace Arch News – Superstore site takes shape.

Public curiosity runs high as site clearing continues for the newest addition to Grandview Corners’ urbanized landscape – a planned Superstore and gas bar on the southeast corner of 24 Avenue and 160 Street in South Surrey.

Ontario-based Loblaw Companies Ltd. started work last month following approval of building permits for a 122,692-square-foot Real Canadian Superstore, plus gas bar and convenience store.

Timeline for completion of the project has not been announced by Loblaw, and project spokespeople were not available by Peace Arch News’ press time Monday.

The project has been in the works since 2005 when Loblaw first received zoning for the 20-acre site, which faces the Wal-Mart across 160 Street.

Read more: http://www.peacearchnews.com/business/201121561.html

April 5, 2013by david.taylor@colliers.com
Development

Towers Proposed for Marine Garden Village Site

Concord Pacific has applied to the City of Vancouver to amend the existing CD-1 Zoning for the Marine Garden Site at 445 Southwest Marine Drive, just east of the rapidly changing intersection of Marine Drive and Cambie. Marine GardensThe proposal includes:

  • two residential towers totaling 514 units in 388,000 sq. ft.: one at 27 storeys (235 ft.), with a 7 storey podium, and one at 21 storeys (185 ft.), with a 6 storey podium;
  • 70 units of affordable housing and a 37 space daycare in a 6.5 storey mid-rise;
  • 411 underground parking spaces; and,
  • a density of 4.27 FSR

Marine Gardens_2This project comes on the heels of Marine Gateway by PCI (415 units) and MC2 by Intracorp (443 units). In addition, Wesgroup owns the site at the Northwest corner of Cambie and Marine which could add another 400 units. In total, this intersection could see close to 2,000 new units in under 5 years…

April 3, 2013by david.taylor@colliers.com
Development

Twelve-Storey White Rock Proposal Goes to Public Hearing

Twelve-storey proposal will go to public hearing.

A 12-storey building proposal for Vidal Street in White Rock was moved forward at council Monday, paving the way for the public to have its say.

The proposed development would see 12 townhouses and 97 apartment units go up between 1467 and 1519 Vidal St., the site where the Mariners Reach townhouse complex currently stands.

Coun. Larry Robinson said he expects a fair bit of community discussion surrounding the proposal, which could set the mood for future developments.

Read more: http://www.thenownewspaper.com/news/Twelve+storey+proposal+will+public+hearing/8165296/story.html#ixzz2PJceUwAd
April 2, 2013by david.taylor@colliers.com
Development

2200 Kingsway Heads to Public Hearing on April 9

Another Westbank project is heading to public hearing, this time at 2200 Kingsway which was formerly a Canadian Tire.  The proposal features three towers that total 404 residential units over 350,000 square feet of gross floor area and 597 parking spaces. 

2200 KWY

April 1, 2013by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

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

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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

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16 Apr

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

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9 Apr

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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