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.
Development

Design Plans for the 1300-block of Marine Drive in West Van Unveiled

North Shore Outlook – Design plans for the 1300-block of Marine Drive in West Van unveiled.

West Vancouver residents packed into district council chambers on Nov. 19 to have their say on whether a pair of buildings — one seven storeys, the other eight storeys — should be added to the 1300-block of Marine Drive.

Around 20 people, mostly seniors who live nearby, added their names to the list of speakers as overflow seating and a live-feed were set up outside the meeting room.

Many were upset about a proposed development that would take up an entire block on the south side of Marine Drive, close to the waterfront, saying the buildings would block their view, ruin the feel of the Ambleside community and cause too much traffic.

Read more: http://www.northshoreoutlook.com/news/180520711.html

November 23, 2012by david.taylor@colliers.com
Development

Casino Still Eyed for West of B.C. Place

Casino still eyed for west of B.C. Place.

Bets are still on that Edgewater Casino will relocate to a site west of B.C. Place Stadium.

Las Vegas-based parent Paragon Gaming has extended its lease with Canadian Metropolitan Properties for the Plaza of Nations casino until 2015 while Paragon and B.C. Pavilion Corporation hold their cards close to the vest.

In April 2011, Vancouver city council rejected a bid to expand the licence from 600 to 1,500 slot machines, but the city gave Paragon the green light to move the licence to a proposed $450 million casino/hotel complex on PavCo land. Company president Scott Menke told the Courier in May that he was expecting to announce the move by the start of August. That was before PavCo CEO Warren Buckley resigned and Jobs, Tourism and Innovation Deputy Minister Dana Hayden took over on Aug. 1.

Read more: http://www.vancourier.com/life/Community+Calendar/7475023/story.html#ixzz2D41OpoMf

November 23, 2012by david.taylor@colliers.com
Development

Four Futures for Ridgeway Annex

North Shore Outlook – Four futures for Ridgeway Annex.

Nearly 100 North Vancouver residents and seven school board trustees gathered in the gymnasium of the once vibrant, now vacant, Ridgeway Annex school Tuesday to hear four possible futures for the former school property now up for grabs.

The lease and purchase proposals were made by representatives from three interested property development companies (Anthem, Darwin Construction and Atti Group)  and one local childcare business.

But when all the cards were down, Ridgeway’s four possible futures could be grouped into just two options. One, the building is saved and renovated for use as daytime daycare and nighttime community centre. Or two, it’s bulldozed and new housing is built atop the Ridgeway property at 450 East Fifth St.

Read more: http://www.northshoreoutlook.com/news/180377141.html

 

November 22, 2012by david.taylor@colliers.com
Development

Musqueam Band Proposes Development on University Endowment Lands

Musqueam Band proposes development on University Endowment Lands.

The Musqueam Indian Band is looking to set a new standard in community consultation as it moves forward with plans to redevelop 22 acres of what was once a regional park in the University Endowment Lands into a mixed-used neighbourhood that will include new housing, retail space and a 120-room hotel.

“I think a lot of people, when they think about first nations doing development, they automatically assume that first nations are going to do it without any consultation or without thinking of those who could be impacted by the development. That is not the case in this case,” said Wade Grant, a Musqueam councillor and economic development coordinator.

Photos courtesy: Placespeak

The Musqueam Indian Band is looking to set a new standard in community consultation as it moves forward with plans to redevelop 22 acres of what was once a regional park in the University Endowment Lands into a mixed-used neighbourhood that will include new housing, retail space and a 120-room hotel.

“I think a lot of people, when they think about first nations doing development, they automatically assume that first nations are going to do it without any consultation or without thinking of those who could be impacted by the development. That is not the case in this case,” said Wade Grant, a Musqueam councillor and economic development coordinator.

 

Read more: http://www.vancouversun.com/business/Musqueam+Band+proposes+development+University+Endowment+Lands/7586140/story.html#ixzz2Cs5NWCHX

November 21, 2012by david.taylor@colliers.com
Development, Office, Retail

Restaurant Eyed For New Building

New Westminster News Leader – Restaurant eyed for new building.

An open house will be held next Thursday for a proposed restaurant patio at the Queen’s Park West office complex under construction in New Westminster’s Uptown district.

It will be held Nov. 29 from 5 to 8 p.m., at 300-601 Sixth St.

Uptown Property Group are the owners of the building, which is on Sixth Avenue at Fifth Street.

Read more: http://www.newwestnewsleader.com/news/180187751.html

November 21, 2012by david.taylor@colliers.com
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