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

OPEN HOUSE: Pearson Dogwood Lands

The City of Vancouver’s Planning Department and Vancouver Coastal Health are initiating the first phase of a comprehensive planning program to consider the redevelopment of the Pearson Dogwood Lands, located on Cambie Street, between 57th and 59th Avenues.

The City of Vancouver and Vancouver Coastal Health (VCH) are discussing renewal and expansion plans for the 25.4 acre site of the George Pearson Centre and Dogwood Lodge. Pearson Centre is home to adults with a range of disabilities, while Dogwood Lodge houses seniors who require complex care.

VCH needs to renew the existing site to meet the current and future health care needs of the community and would like the site to provide other uses as well. In the future, this area could welcome new residential, office, retail and community amenity uses.

The City is initiating a comprehensive planning program to create a policy statement to guide the redevelopment of the Pearson Dogwood site. This process will include opportunities for community members and stakeholders to offer their feedback and ideas.

Pearson

OPEN HOUSE:

Dates & Times

Thursday, January 31st , 5-8 pm

Saturday, February 2nd, 10 am – 2 pm

Location:

Pearson Dogwood Project Office, 601 West 59th Avenue, Vancouver

January 18, 2013by david.taylor@colliers.com
Development

Dava Developments Acquires Site at Cambie & West 28th Ave

Dava Developments has acquired a 4-lot assembly located at 4412-4488 Cambie Street. The total property size is 39,180 SF, represents a partial city block with no direct neighbour, and is designated under the Cambie Corridor Plan for 2.5 FSR residential. The site sold for $14,840,000, or $151 per buildable sq ft. The properties had been listed for sale for a combined value of $19,552,000.

4412-4488 CambieThis will be Dava’s second project in the Cambie Corridor. They have submitted a rezoning application for a site they acquired at Cambie and 26th.

January 18, 2013by david.taylor@colliers.com
Development

‘The Views’, Coal Harbour Project Launches

The Janda Group has launched registration for their project at 1255 West Pender Street in Coal Harbour. The 14-storey, 27-unit project has been named ‘The Views at Coal Harbour’.

The project is being built to a density of 5.7 FSR and includes approximately 3,500 SF of office space on the lower floors. A development permit has been in place since 2007.

More information can be found on the project’s website.

1255 West Pender 21255 West Pender

January 15, 2013by david.taylor@colliers.com
Development

Onni Agrees to Second Public Hearing on North Vancouver Safeway Site

North Shore Outlook – Developer Onni agrees to second public hearing on North Vancouver Safeway site.

Developer Onni Group will return to North Vancouver city hall for a second go at a public hearing on the company’s divisive Safeway site proposal, after the first hearing was tainted by accusations of bullying and impropriety on all sides.

Onni’s vice-president of development Beau Jarvis made the announcement Monday, citing the “outpouring of support” he said the company received over the holidays for its 13th Street and Lonsdale Avenue condo-tower proposal.

“To be quite blunt, we got a bit of an earful over the holidays from people who had publicly expressed support for the project,” Jarvis said in a press release Monday.

“Their position was simple – ‘we want the project, we went out and supported the project and Onni should not abandon the project until the council has formally said yes or no’. At the end of the day, we could not ignore those voices,” he continued.

Read more: http://www.northshoreoutlook.com/news/186871082.html

January 15, 2013by david.taylor@colliers.com
Development

Burnaby Proposes Changes to C-8 and C-8A Zoning in Hastings Area

In an effort to improve the viability of development proposals in the Hastings Heights area, the City of Burnaby is proposing that the number of storeys in the C8 and C8a District be changed in rezoning to allow for a residential mezzanine floor (or a 5th storey) in the rear portion of the grade level commercial envelope. Design details include:

  • Development of a residential mezzanine should not impact the viability of grade level commercial uses fronting Hastings Street.The residential mezzanine must occupy the rear, upper portion of the commercial envelope.
  • Taking into account the minimum depths for the commercial and residential mezzanine units and the established front and rear yard setback requirements of the C8 and C8a District, lots with a minimum depth of 112.5 ft. would qualify for consideration for a building with a residential mezzanine floor.

Source: City of Burnaby

January 14, 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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