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

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
Development

Onni Accuses Councillor of Conflict over Lonsdale Development Vote

North Shore Outlook – Onni accuses councillor of conflict over Lonsdale development vote.

A North Vancouver city councillor, whose accusations of ‘bullying’ against real estate developer Onni resulted in the company’s withdrawal from a controversial Central Lonsdale development this week, actually works for an Onni subcontractor on a similar development, The Outlook has learned.

Coun. Rod Clark has been working for a concrete contractor on an Onni site since May, building a three-tower mixed-use development strikingly similar to the one Onni recently failed to gain the favour of some North Van city councillors — including Clark — to build.

Read more: http://www.northshoreoutlook.com/news/182460722.html

December 7, 2012by david.taylor@colliers.com
Development, Office

With Hotel Plan Gone, Onni Favours Offices

With hotel plan gone, Onni favours offices.

At first it was going to be a hotel, then the plan was to build an office tower.

Now Port Moody residents will get their say on a major development slated for the Suter Brook site at an upcoming public hearing.

The Onni Development Corp. has applied for a land-use contract amendment that would allow the company to build a nine-storey office tower at 220 Brew St., on the south side of Suter Brook Way where it meets Ioco Road.

Read more: http://www.thenownews.com/business/With+hotel+plan+gone+Onni+favours+offices/7653288/story.html#ixzz2EHujUzz3
December 6, 2012by david.taylor@colliers.com
Development

DNV Votes to Downsize Proposed Seylynn Tower

North Shore Outlook – DNV votes to downsize proposed Seylynn tower.

A 32-storey tower is too high for District of North Vancouver council, but 28 floors will likely be just fine.

On Dec. 4,  district council voted to scale down a tower proposed for the Lower Lynn area by four floors to 28 storeys, if the development is eventually approved.

If the plan does go ahead, the neighbourhood near Capilano University will be transformed by a 790-unit development with three other mixed-use buildings, ranging in height from six to 28 storeys.

Read more: http://www.northshoreoutlook.com/news/182267251.html

December 6, 2012by 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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