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

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
Development

Changes Coming for Heights Site

Changes coming for Heights site.

The site of a self-serve car wash at 6147 Hastings St. could be redeveloped into retail and restaurant space.

At the July 30 council meeting, Burnaby council authorized the city’s planning and building depart-ment to work with Terry Barabash, president of JKB Holdings Ltd., on a master plan for the site.

Read more: http://www.burnabynow.com/news/Changes+coming+Heights+site/7092314/story.html#ixzz23icvhSS9
August 17, 2012by david.taylor@colliers.com
Development

More Highrises for Metrotown

More highrises for Metrotown.

Three three-story apartment buildings in the Metrotown area could be demolished to make way for two highrises.

The first is an application from Concord Pacific for a multi-family highrise with a townhouse component at 6550 Nelson Ave.

A few blocks west of Metropolis at Metrotown and Station Square, another developer is proposing a replacement of two older three-storey rental apartment buildings at 6225 and 6255 Cassie Ave. with a highrise tower.

Read more: http://www.burnabynow.com/business/More+highrises+Metrotown/7092315/story.html#ixzz23icdo3D0
August 16, 2012by david.taylor@colliers.com
Development

Debate over Vancouver fee system puts developers and public at odds

By Frances Bula – courtesy of the Globe & Mail

 

Vancouver got $223-million last year in fees and special charges from developers, an amount equal to about a quarter of the annual city budget.

But it got a large chunk of that through a unique system of painstaking negotiations that are done project by project – something that Vancouver’s reigning political team and incoming general manager of planning think needs to be simplified.

Full story here:http://www.theglobeandmail.com/news/british-columbia/debate-over-vancouver-fee-system-puts-developers-and-public-at-odds/article4477998/

August 13, 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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