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, 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
Development

Highest Tower in Coquitlam Offers Too Little Parking, Says Council

The Tri-City News – Highest tower in Coquitlam offers too little parking, says council.

A proposal for a 43-storey tower in Coquitlam’s Town Centre raised eyebrows at Monday’s council meeting, but it wasn’t because of the neck-craning height of the building.

At 43 storeys, the Metropolitan 3 (M3) will be the highest building in Coquitlam. Other buildings in the Cressey project include the Metropolitan 1 (M1) at 27 storeys and the Metropolitan 2 (M2), which is under construction and will be 25 storeys.

But despite the big numbers, council members weren’t focusing on how high the tower would rise but on what’s missing down below: parking.

Read more: http://www.tricitynews.com/news/182089551.html

December 6, 2012by david.taylor@colliers.com
Development

December 5 Urban Design Panel Agenda – Oakridge, Rogers Arena & More

The December 5th Urban Design Panel meeting has two high profile projects on the agenda – Oakridge Centre and one of Aquilini’s arena towers which twice previously received unanimous design support.

View the meeting agenda HERE.

December 4, 2012by david.taylor@colliers.com
Development

Onni Intends to Quit Lonsdale Development

North Shore Outlook – Onni intends to quit Lonsdale development.

Onni Group, the developer behind one of the most ambitious and publicly divisive condo plans in North Vancouver history, is expected to announce it will walk away from the lucrative Central Lonsdale project, citing “possibly defamatory” remarks made by two city councillors.

In a Dec. 3 letter obtained by The Outlook, Onni president Rossano De Cotiis told Mayor Darrell Mussatto the company intends to “publicly announce within the next 48 – 72 hours that we are withdrawing our application” for the 13th Street and Lonsdale Avenue redevelopment. De Cotiis blamed his company’s departure on comments made in council by councillors Pam Bookham and Rod Clark.

In his letter, De Cotiis said the problem “goes well beyond a simple disagreement over the issues associated with the project,” and claims the two councillors acted unfairly when they accused Onni of manipulating a public hearing at which Onni staff and supporters spoke in favour of the project.

Read more: http://www.northshoreoutlook.com/news/182046341.html

December 4, 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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