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, Retail

YVR Confirms Designer Outlet Switch; New Site Adjacent to Canada Line Station

YVR confirms designer outlet switch; new site adjacent to Canada Line station.

Vancouver Airport has decided to move its proposed designer outlet shopping centre into the shadow of a Canada Line station.

The facility, being built in conjunction with UK-based luxury outlet firm McArthurGlen, will now be situated next to the Templeton station on Sea Island.

YVR had originally planned to build the outlet centre off Russ Baker Way, next to BCIT and were still preparing the ground at the site as recently as two months ago.

Read more: http://www.richmond-news.com/Sockeyes+spawned+same+year+Summit+Series/7440977/story.html#ixzz2BeGlTtDG
November 8, 2012by david.taylor@colliers.com
Development

Urban Farm Part of Main Street Project

Urban farm part of Main Street project.

If approved, a 380-suite townhome development proposed for land adjacent to the Little Mountain site off Main Street will include an urban farm, daycare, rooftop gardens and fruit trees.

Vancouver realtor Al De Genova said the focus of the North East Quadrant development is “families and community.”

“I’ve worked on three projects in the past two years along the Main Street corridor so I’ve met a lot of young couples who said what they want is true family housing,” said De Genova. “They also said they can’t afford $1.2 million, but can afford $600,000.”

Read more: http://www.vancourier.com/life/Community+Calendar/7475023/story.html#ixzz2BYGNuKBw
November 7, 2012by david.taylor@colliers.com
Development, Office, Retail

Morgan Plan Moves Ahead

Peace Arch News – Morgan plan moves ahead.

A proposed commercial and office space development on a 25-acre parcel of property at 20 Avenue, just east of Highway 99 cleared an important hurdle last week, winning approval in the form of a unanimous third reading at a city public hearing (Couns. Mary Martin and Judy Villeneuve were absent, according to the city clerk’s record).

The $100 million Morgan Place Developments Ltd. project will include 25,953 sq. m (279,000 sq. ft.) of retail and restaurant uses and 9,662 sq. m (104,000 sq. ft.) of office space.

It will have 1,330 parking stalls, 676 of which will be underground.

Read more: http://www.peacearchnews.com/business/173751331.html

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

Tower Eyed for Corner of Cooney and Lansdowne

Richmond Review – Tower eyed for corner of Cooney and Lansdowne.

A proposal that would dramatically change the appearance of a busy corner in downtown Richmond is awaiting city council’s approval.

CCM Investment Group Ltd. wants to built a 47-metre (154-foot) tower at 8380 Lansdowne Rd. The site is at the corner of Lansdowne and Cooney roads, across from Lansdowne Centre mall.

Proposed is a 12-storey residential tower over a three-storey parkade, designed by IBI Group. Contained in the development is 131 homes, 7,044 square feet of restaurant space and 2,915 square feet of retail room. One large restaurant is proposed to anchor the corner of the development, while a smaller restaurant would front Lansdowne Road.

Read more: http://www.richmondreview.com/news/176841691.html

November 5, 2012by david.taylor@colliers.com
Development

SFU Wants to Expand, Build in City Centre

SFU wants to expand, build in City Centre.

With student demand now greater than ever, Simon Fraser University is looking to double the capacity of its Surrey facility, from 2,500 full-time students to 5,000 – hopefully starting within the next three years.

That’s according to a proposal submitted by SFU to the provincial government earlier this month, looking not only for approval of the plan but funding for the project as well.

“SFU is the only research university that is trying to substantially grow its undergraduate population and that stems from our location in Surrey and the growth in Surrey and other south Fraser cities,” said Joanne Curry, SFU executive director and associate VP of external relations for SFU Surrey.

Read more: http://www.thenownewspaper.com/news/wants+expand+build+City+Centre/7478679/story.html#ixzz2Ayy4XrmS
November 1, 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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