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

4.3 Million Square Feet, 18 to 45-Storey Towers Proposed For Oakridge Centre

Westbank Projects, in partnership with Ivanhoe Cambridge have applied to the City of Vancouver to rezone Oakridge Centre to develop a 45-storey mixed-use development consisting of 1,430,000 SF of retail, 425,000 SF of office space, 45,000 SF of amenity space, and 2,700,000 SF of residential, with a total density of 3.54 FSR. The proposal includes 2,818 units with a maximum height of 412 ft., and 6,694 parking spaces. Henriquez Partners is the Architect for the project.

The proposed rezoning has been in the works since 2007 when the Oakridge Policy Statement was adopted. More recently, Westbank has been brought on and a planning program was developed in 2012 to help guide the rezoning process.

Model View looking East

More information can be found HERE.

 

October 30, 2012by david.taylor@colliers.com
Development

Towers, Not Sausages, Eyed for Grimms Site

Richmond Review – Towers, not sausages, eyed for Grimms site.

A longtime sausage factory in the heart of City Centre will be flattened and three residential towers will rise from the rubble, if council approves a new development plan.

Council gave first reading to a rezoning proposal Monday that would allow 237 homes and 4,370 square feet of commercial space on the site of Grimms Fine Foods.

Read more: http://www.richmondreview.com/news/176041481.html

October 30, 2012by david.taylor@colliers.com
Development

Development Spotlight – 564 Beatty Street

Reliance Properties is well underway on the construction of 564 Beatty located adjacent at the intersection of Beatty and Dunsmuir Streets.  The project will be a great blend of old and new and will include:

> Over 50,000 square feet of floor space with approximately 5,700 square foot floor plates

> Retail on the main and plaza level floors with parking off the alley and office on the top 6 floors

> A 9.23 FSR with completion scheduled for early 2014

October 30, 2012by david.taylor@colliers.com
Development

Townhouses Proposed for Hastings, Sardis

Burnaby NewsLeader – Townhouses proposed for Hastings, Sardis.

Almost five years after the rezoning process started a townhouse project for North Burnaby is set to go to public hearing.

In November 2007, the developer first proposed a 17-unit stacked townhouse project at 5161 and 5191 Hastings St., at the northwest corner of Hastings and Springer Avenue. The properties are currently home to an older four-plex and an older single-family home, according to a city staff report, and both are designated for medium-density apartment projects in city plans.

Read more: http://www.burnabynewsleader.com/news/175861301.html

October 29, 2012by david.taylor@colliers.com
Development

Condo Approval Reignites City Rental Debate

Condo approval reignites city rental debate.

There’s a new seven-seven storey mixed-use condo building coming to the Lower Lonsdale neighbourhood.

City of North Vancouver council moved ahead with rezoning 127 and 133 East Third St. Monday night after a public hearing that saw mostly positive comments from nearby business owners, and residents.

Once completed, the building by Kamcon Construction, will house four commercial storefronts at street level, 18 market rental housing units and 43 condos, ranging from bachelors under 400 square feet, to two-bedroom units.

Read more: http://www.nsnews.com/news/Condo+approval+reignites+city+rental+debate/7450981/story.html#ixzz2AWEvuGdg
October 29, 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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