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

City of Vancouver Unveils Affordable Housing Strategy

The City of Vancouver Affordable Housing Strategy was recenently unveiled which provides direction on affordable housing initiatives from 2012-2021.  The strategy relies heavily on the private sector leasing city owned land to construct affordable housing. 

More information can be found here.

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

Redevelopment Proposed for Central Church Site, 1155 Thurlow

The West End’s Central Presbyterian Church, located at 1155 Thurlow Street is in the initial stages of planning a redevelopment of their over 17,000 sq ft property. The Church’s initial concept plan shows a 207 ft mixed use 21-storey tower, including 14 floors of market residential units, 4 floors of non-market seniors housing and 3 floors to accommodate a new church and community space. The site is zoned RM-5B.

Source: Central Presbyterian Church

August 27, 2012by david.taylor@colliers.com
Development

1107 Seymour Street Rendering

Wall Financial is proposing a 15 storey non-market rental building with ancillary office at the intersection of Seymour and Helmcken Streets.  The project will have 81 residential units that are rented at non-market rates and may form part of the Community Amenity Contribution for another Wall Financial project at the intersection of Richards and Drake Streets.

More information can be found here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/1107seymour/index.htm

August 22, 2012by david.taylor@colliers.com
Development

Artemesia Construction Begins

Boffo Developments in conjunction with James Schouw have started construction of Artemesia at the intersection of Helmcken and Hornby Streets in Downtown Vancouver.  The project was previously halted because of financial troubles but is now proceeding.  The project will include 21 suites over 5 storeys.

During demolition of the building that previously sat on the site, the project made news when walls collapsed into the street damaging public and private property.  View the video here: http://www.youtube.com/watch?v=sUFjy8wQ8mQ

August 22, 2012by david.taylor@colliers.com
Development, Office

Brentwood Centre Commercial Site Sold

A commercially designated site near Lougheed and Willingdon in the Brentwood town centre area has sold.

4488 Halifax Street is a 18,299 sq ft site that is located mid-block on Halifax Street west of Willingdon Avenue.

The property, which has been vacant for several years, sold for $3,313,000. Previous development inquiries for the site included office & commercial schemes at densities up to 6.0 FAR.

August 20, 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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