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

Proposed North Delta Highrise Slammed

North Delta doesn’t want to be Burnaby.delta tower

That’s what Delta council heard Tuesday night as residents packed into a public hearing at Kennedy Seniors Recreation Centre to speak their piece about a 37-storey apartment tower proposed to be built near Scott Road.

Blexo Developments Ltd. wants to build the highrise at 11941 80th Ave., where a nursery and coffee shop used to be before they were demolished in 2004.

Council could be voting on it as early as next Monday. If approved, the building would be by far the tallest in North Delta. Runners-up would be the three 14-storey buildings now standing, one at 88th Avenue and 119th Street and the other two across the street from where this new building would be built, just south of the Delta Shoppers Mall off Scott Road.

Read more from the Surrey Now.

December 17, 2012by david.taylor@colliers.com
Development

City Moves Harbourside Rezoning Forward

City of North Vancouver council is forging ahead with an ambitious public process for the massive Harbourside waterfront redevelopment.

Council voted Monday night to begin processing the rezoning applications for residential towers over commercial space, pending the approval of a three-metre right of way along Fell Avenue to make room for the Spirit Trail connection, and to kick off the public process.

Developers Concert Properties and Knightsbridge Properties are looking to build 800 units of strata and rental housing on top of 370,000 square feet of commercial space just south of the Northshore Auto Mall over the next 10 years.

Read more from the North Shore News.
December 17, 2012by david.taylor@colliers.com
Development

Pinnacle’s West 10th and Maple Project at Public Hearing

Pinnacle International‘s 2nd phase of their Broadway IGA site development moves to public hearing tonight. The project, at 2001 West 10th Avenue is a rezoning from M-1 to CD-1. The proposal is for a 7-storey residential building and a 6-storey residential building, with a childcare facility at grade, all over shared underground parking. The application proposes a total of 125 units, a density of 2.5 FSR, a building height of 74.5 feet and 183 parking spaces.

December 13, 2012by david.taylor@colliers.com
Development

Massive Tower Approved for Seylynn

The tallest building on the North Shore can now be built in the Seylynn neighbourhood of the District of North Vancouver, following a contentious council vote Monday (Dec. 10).

In a 4-3 vote, council approved the five-building development east of Mountain Highway and north of Fern Street, which includes three highrises measuring 24, 28, and 32 storeys.

In an equally close vote the week before, council passed an amendment to limit height to 28 storeys, but last Monday’s meeting restored the plan to its previous height limits, thus allowing the 32-storey tower.

Read more: http://www.nsnews.com/news/Massive+tower+approved+Seylynn/7682645/story.html#ixzz2Eqw0sQNU
December 12, 2012by david.taylor@colliers.com
Development, Office, Retail

3-Storey Building Planned for Edgemont Village, North Vancouver

Kevington Building Corp. is seeking approval from the District of North Vancouver today to build a 3-storey commercial and office building at 3053-3059 Edgemont Boulevard, at the corner of Queens Road. The project, named Edgemont Commons, is on the site currently built as a strip retail plaza occupied by North Shore Credit Union. NCSU will be the anchor tenant in the new development. Three more retail units are proposed on the ground floor and twelve office units are proposed for the second and third storeys. Vehicle access will be provided via the rear lane west of the property. 46 parking stalls in two levels of underground parking are proposed.

 

The total building height to the top of the roof is 44.5 feet in compliance with the CD-65 zone.

December 10, 2012by david.taylor@colliers.com
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First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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

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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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