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

City Planning for Redevelopment of Lands Adjacent Little Mountain

The City of Vancouver has developed a rezoning policy for the “Little Mountain – Adjacent Area” located at Main and 33rd to guide rezoning applications in the area next to the Little Mountain housing site soon to commence development by Holborn Group. The area is primarily comprised of single family homes, as well as 6 apartment buildings fronting Main Street, and a strata-titled complex at the corner of Main and 33rd.

Little Mountain Adjacent Lands

The rezoning policy encourages redevelopment of this area to provide a variety of ‘ground oriented’ housing forms, with an emphasis on innovative housing types suitable for families and options to improve housing affordability. Highlights of the plan include:

  • Two basic housing types: Townhouses, including stacked and courtyard forms up to 1.5 FSR and heights up to 45 ft; and Low to Mid-Rise Apartments (4 to 6 storeys) up to 2.3 FSR and heights up to 65 ft.
  • Townhomes will not require a CAC on rezoning, lowrise and midrise apartments above 1.5 FSR will require a CAC of $23/SF.
February 9, 2013by david.taylor@colliers.com
Development

Land Sales Focus of Pre-Budget Debate

Peace Arch News – Land sales focus of pre-budget debate.

Finance Minister Mike de Jong rejected NDP criticism of his government’s sale of Crown land Thursday, and promised an update on the disposal of up to 100 properties when he presents his pre-election budget on Feb. 19.

De Jong’s comments came after NDP leader Adrian Dix and finance critic Bruce Ralston visited one of the few properties whose location is known, a large vacant lot in Surrey that was bought in 1998 as a possible future hospital site.

Ralston said the government has counted on raising $475 million in 2013 and more than $200 million the following year through asset sales, to help balance a 2013 budget after the current one ends in the red by $1.4 billion.

Read more: http://www.peacearchnews.com/news/190285201.html

February 8, 2013by david.taylor@colliers.com
Development

Musqueam Hold Second Open House for Proposed Development on University Endowment Lands

Developing Story: Musqueam hold second open house for proposed development on University Endowment Lands.

The second of three planned open houses regarding the Musqueam Indian Band’s proposal to develop a 22-acre parcel on University Endowment Lands goes ahead Feb. 6 from 4 to 8 p.m. at the University Golf Club, 5185 University Blvd.

The band wants to develop land known as Block F between University Boulevard and Acadia Road, which was returned to it by the provincial government under a 2008 reconciliation agreement.

Community consultation is in advance of a formal rezoning application, which will be submitted to UEL. The first open house on Dec. 6 attracted 300 people over four hours, according to Gordon Easton, the project manager from Colliers International.

Read more: http://www.vancourier.com/business/Rental+suites+proven+wise+investment/7904414/story.html#ixzz2KEFROmds
February 7, 2013by david.taylor@colliers.com
Apartment, Development

City Council Pushes Back Vote on Controversial Beach Towers Rezoning

After more than 50 Vancouverites signed up to speak at a public hearing Tuesday night, city council planned to push back its vote by two weeks on a controversial plan to rezone a prime piece of waterfront real estate in the city’s West End.

Many of the planned speakers were locals asking city hall either to reject the plan or force affordable housing into a Beach Towers rezoning application that proposes the development of 133 units available at above-market rental prices.

“We want a third of these units to have a starting rent that’s targeted to the median income in our community,” said Christine Ackermann of the West End Residents Association. “I think it’s our job to push city hall for more affordability and I think they can get it.”

Read more: http://www.vancouversun.com/business/Vancouver+city+council+pushes+back+vote+controversial+Beach+Towers+rezoning/7923716/story.html#ixzz2K8So85mF
February 6, 2013by david.taylor@colliers.com
Apartment, Development

Beach Tower Rezoning Hearing Streaming Live

The rezoning hearing for the Beach Towers STIR project (click here to view rezoning application documents) is happening now. 

Click here to watch the proposal live.

February 5, 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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