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

Lower Capilano Marine Village Plan Taking Shape

The District of North Vancouver is currently undertaking community consultations on the Lower Capilano Marine Village Centre Plan. The area has been identified as one of the four key Town and Village Centres under the District’s new Official Community Plan, which was adopted in 2011. This will likely result in a dramatic change for an area that has seen relatively little development over the past 20 years.

Initial concept work proposes a public plaza extending west from Capilano Road south of Fullerton Avenue. The plan incorporates mid-rise residential buildings up to a density of 2.50 FSR, as well as commercial uses at grade.  The plan also calls for transportation improvements, a community centre, and public art as part of the development program.

A draft plan is expected to be put together in late 2012, with approval expected in 2012/2013.

More information can be found here.

May 17, 2012by david.taylor@colliers.com
Development

Burnaby’s 401 Motor Inn eyed for Social Housing Project

Burnaby’s 401 Motor Inn eyed for social housing project.

Vancouver’s Portland Hotel Society wants Burnaby to “turn the light on” to address homelessness in the city.

Dan Small, a director with the society, spoke at council on Monday night, asking the mayor and councillors to demonstrate support for an affordable supported housing project at the 401 Motor Inn at 2950 Boundary Rd. The plan would see the motel turned into social housing with support services, such as on-site staff and counsellors.

Read more: http://www.burnabynow.com/Burnaby+Motor+eyed+social+housing+project/6626316/story.html#ixzz1uzFiS4xV
May 16, 2012by david.taylor@colliers.com
Development

Vancouver Council Approves 980 Howe Street Proposal

Yesterday evening Vancouver City Council unanimously approved Manulife Financial’s proposal to rezone 980 Howe Street from DD (Downtown District) to CD-1 (Comprehensive Development).  The proposal was for a 16 storey office building with a total floor area of 268, 908 square feet, a floor space ratio of 11.2 and a height of 200 feet.

May 15, 2012by david.taylor@colliers.com
Development

Blue Sky Properties Planning 16-storey Tower for Chinatown Site

Blue Sky Properties has applied to the City of Vancouver to rezone 633 Main Street, at the Northwest corner of Main and Georgia, from HA-1A (Historic Area) District to CD-1 District. The proposal is for a 16-storey mixed-use building with ground-level commercial uses and 151 residential units. The proposal includes a density of 9.29 and a maximum height of 150 ft., and 158 parking spaces.

The site was sold to Blue Sky Properties in 2011 by Colliers. More information about the project can be found here.

May 10, 2012by david.taylor@colliers.com
Development

Mammoth North Van Tower Plan to go to Town Hall meeting

Mammoth North Van tower plan to go to town hall meeting.

A developer with plans for a major project on the 13th Street and Lonsdale Avenue Safeway site has received city council’s OK to restart a public consultation process, despite objection that the plans are still too big.

Onni Group first brought their plans to council in December of 2010, asking to build three 180-foot condominium towers above three storeys of commercial space. The complex would have produced floor space 5.765 times the lot area — more than twice the 2.6 ratio the official community plan currently allows.

Read more: http://www.nsnews.com/news/Mammoth+North+tower+plan+town+hall+meeting/6586796/story.html#ixzz1uNnxa0G8
May 9, 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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