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

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
Development

Edmonds Development Awaits Area Planning Process

Burnaby NewsLeader – Edmonds development awaits area planning process.

The development of the vacant lot at Edmonds and Canada Way is awaiting completion of an updated Sixth Street Area Plan at Burnaby City Hall.

A four-storey mixed-use project is being proposed for the corner property at 7320 Canada Way, a former gas station site, according to a city planning report.

City staff informed the rezoning applicant, Kamcon Construction, that “substantial efforts” would have to be made to acquire and consolidate the Odd Fellows Hall property next door at 7724 Edmonds St. into any potential development.

November 1, 2012by david.taylor@colliers.com
Development

Vancouver approves transportation strategy aimed at getting more people out of cars

Vancouver approves transportation strategy aimed at getting more people out of cars.

VANCOUVER — A long-term strategy designed to improve the way people and goods move around Vancouver was given approval by council Wednesday.

The Transportation 2040 plan, dubbed “bold and aggressive” by Coun. Raymond Louie, outlines more than 180 transportation and land-use concepts aimed at helping the city achieve its goal of converting two-thirds of all trips taken to cycling, walking and public transit.

From pedestrian “scramble” intersections to rerouting heavy truck traffic away from residential neighbourhoods to more bike lanes and smoother, safer sidewalks, the plan looks to reduce our reliance on vehicle traffic.

Among the more ambitious ideas is a proposal to remove the Georgia and Dunsmuir viaducts to improve neighbourhood connections for both pedestrians and cyclists.

The plan also explores the possibility of using two of eight traffic lanes on Granville Bridge to create a tree-lined pedestrian greenway.

Read more: http://www.vancouversun.com/Vancouver+approves+transportation+strategy+aimed+getting+more+people+cars/7477536/story.html#ixzz2AvBfqQHt

October 31, 2012by david.taylor@colliers.com
Development

980 Howe Street Unanimously Passes Urban Design Panel

Manulife Financial’s 270,000 square foot proposed office development unanimously (8-0)passed Urban Design Panel on October 24th.  The project, which is located at the Howe Street and Nelson Street intersection, will be 16 storeys tall and have retail at grade.  980 Howe Street is in the pre-leasing phase and could be completed by 2015.

Other projects that were voted on at the October 24th meeting included:

2477 Carolina Street by Royal East Broadway Development: 2 votes for, 7 votes against

557 East Cordova Street by Boffo Properties: 9 votes for, 0 against

1729-1735 East 33rd Avenue by Cedar Cottage Cohousing Company: 2 votes for, 6 votes against

 

October 31, 2012by david.taylor@colliers.com
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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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