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

Jameson House Cleans Up at 2012 UDI Awards

Bosa Properties walked away with three UDI Awards For Excellence on Friday night including awards for Best Mixed Use, Vancouver Sun Reader’s Choice and Best In Show. The project conceived by the Pappajohn Family and finalized by Bosa Properties beat out contenders such as Patina by Concert, Dolce by Solterra and Jewel by Boffo for the Reader’s Choice crown.

Reliance properties walked away with two awards on the night, one for Best Affordable Housing for their Burns Block microloft project and one for Best Downtown Residential Highrise for West Pender Place.

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

13 hotels in Downtown Eastside to be renovated

13 hotels in Downtown Eastside to be renovated.

A multimillion-dollar restoration will soon begin for 13 rundown hotels in Vancouver’s Downtown Eastside.

The B.C. government announced Habitat Housing Initiative has been selected to renovate the single-room-occupancy buildings.

The hotels are more than 100 years old and need structural, plumbing and electrical updates.

The buildings were bought by the B.C. government over the past five years and are home to some of the province’s poorest residents.

Other accommodations will be supplied for people who need to move out during the reconstruction, and the government says they will all have the right to return to their own units when the work is finished.

The provincial government is contributing more than $87 million for the projects, plus more funding for a 15-year maintenance period, while the federal government will contribute $29 million for the work.

© Copyright (c) The Province

Read more: http://www.theprovince.com/hotels+Downtown+Eastside+renovated/7453392/story.html#ixzz2AeQUw9vy

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

Safeway Site Plan Gets Hearing

Safeway site plan gets hearing.

What could be one of the most ambitious development projects in the City of North Vancouver’s recent history is going to the public for consideration.

Despite a substantial list of concerns with Onni’s proposal for two condo towers atop commercial and retail space at the Safeway site at Lonsdale Avenue and 13th Street, council voted 5-2 in favour of sending the project for public feedback on Monday night.

Read more: http://www.nsnews.com/news/Safeway+site+plan+gets+hearing/7450979/story.html#ixzz2AWES1UeO
October 27, 2012by david.taylor@colliers.com
Development

Vancouver’s Varsity bowling, Ridge Theatre demolition approved

Courtesy of CBC News

Cressey Development Group plans to tear down Ridge Theatre, which has shown movies since 1950, and the neighbouring Varsity Ridge Bowling Lanes. “Cressey Development Group plans to tear down Ridge Theatre, which has shown movies since 1950, and the neighbouring Varsity Ridge Bowling Lanes. (CBC/Stephanie Mercier)
 

Plans to demolish the Varsity Ridge Bowling lanes and the Ridge Theatre to build a new four-story condominium development were approved by the City of Vancouver’s development permit board on Monday night.

Community members had rallied to save the bowling lanes near the corner of 16th Avenue and Arbutus Street in recent weeks, saying they were a valuable community facility. About 700 people use the lanes as league bowlers they say.

But Brian Jackson, the general manager of planning and development, said the board does not have the authority to order Cressey Developments to include a bowling alley in its development.”

http://www.cbc.ca/news/canada/british-columbia/story/2012/10/23/bc-varsity-lanes-vancouver.html

October 25, 2012by david.taylor@colliers.com
Development

First Station Square Tower in Burnaby Sells Out in Hours

Burnaby NewsLeader – First Station Square tower in Burnaby sells out in hours.

The first tower at the Station Square redevelopment sold out in three-and-a-half hours Saturday.

Some of the 269 units had already been sold to family and friends of the developers over the last few weeks and the lineup for buyers for the remaining units started at 6:30 a.m. that day, according to Greg Zayadi, director of residential sales and marketing for Anthem Properties, which is developing the project with Beedie Living.

Read more: http://www.burnabynewsleader.com/news/175297501.html

October 24, 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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