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

955 East Hastings Moves to Public Hearing

955 East Hastings Street moves to public hearing next week. Wall Financial is proposing to rezone the site from M-1 Industrial to CD-1 for a 12-storey mixed use development including over 64,000 square feet of commercial and light industrial job space. The proposal would accommodate 352 residential units, 70 (20%) of which would be social housing units. The total density proposed is 6.15 FSR.

Staff and Council gave conditional approval on September 18 to move forward. A CAC of approximately $20.00 /SF was applied as an in-kind contribution towards the social housing component.

 

October 12, 2012by david.taylor@colliers.com
Development

Two Oak Street Properties Proposed for Rowhouses

Two properties on Oak Street go before City of Vancouver council next week seeking rezoning for rowhouse developments.

6110-6170 Oak Street & 975 West 46th Ave is a 42,144 SF site located at the northeast corner of Oak and West 46th Avenue. Listraor Homes is proposing to rezone the property from RS-1 to CD-1 to permit a 33 unit rowhouse development under the guidelines of the Oakridge Langara Policy Statement (OPLS). Listraor purchased the property in 2012 as an assembly of single family lots for a total of $9,295,000.

 

 

 

6010-6050 Oak Street is a 24,574 SF site located on the east side of Oak Street between 43rd and 45th Avenues. The owner is proposing to rezone the property from RS-1 to CD-1 to permit a multiple-dwelling development with 19 strata-titled rowhouse units and 9 lock-off units at a floor space ratio (FSR) of 1.2. This site was an assembly of single family lots purchased in 2010 for a combined value of $5,450,000.

October 11, 2012by david.taylor@colliers.com
Development

Downtown Canada Post Site For Sale

As reported in the Globe and Mail, the Canada Post Site at 349 West Georgia (Homer and Georgia Street) has been listed for sale. The site is a full city block, 130,000 SF in total area, and allows a density of 5.0-7.0 FSR.

“…there are already roughly 20 companies and pension funds interested in the site, including the budget retailer Target.”

Due to view cones covering the property, the site would potentially allow buildings only up to 225-285 feet.

For more visit: http://www.theglobeandmail.com/news/british-columbia/vancouvers-canada-post-building-a-brokers-dream-a-heritage-advocates-nightmare/article4597726/

October 9, 2012by david.taylor@colliers.com
Development

FOR SALE: 14 Acre Residential Lot in North Vancouver

Colliers is pleased to present, Riverside Terrace, a rare 14-acre residential development opportunity in North Vancouver.

[singlepic id=10 w=320 h=240 float=right] [singlepic id=11 w=320 h=240 float=right] [singlepic id=12 w=320 h=240 float=right]

 > A unique opportunity to own a rare 14-acre residential parcel on the North Shore

> Build an expansive private estate home in a quiet, pristine setting surrounded by forested park land.

> Unique terraced topography of the site takes advantage of south facing exposure and creates ideal lot layout opportunity with great views.

> Easily accessible from Mt. Seymour Parkway and located just 15 minutes from Downtown Vancouver.

Contact David Taylor for more information.

October 5, 2012by david.taylor@colliers.com
Development, Investment

For Sale: 8486 Granville Street, Vancouver

 

8486 Granville Street provides the opportunity to acquire a nearly 10,000 square foot site in the Marpole area of Vancouver.  The property is immediately across Granville Street from Westbank’s Landmark project  – Granville at 70th. 

For more information please contact Ted Mildon or Matt Saunders.

 

 

October 5, 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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