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

Bonds Group of Companies Proposing 40-storey tower at Howe and Drake

Bonds Group of Companies is proposing a 40-storey tower at 1265 – 1281 Howe Street, at the Northwest corner of Howe and Drake Streets in Downtown Vancouver.

The project is proposed to include 325 market rental units, a contribution towards rental housing, 17 artist ‘work only’ studios, and retail space. The total proposed FSR is 9.19.

The proposed rezoning will be submitted later this year.

Source

 

July 22, 2011by david.taylor@colliers.com
Development

2667-2703 Kingsway Rezoning Approved

Thind Developments’ proposal to rezone 2667-2703 Kingsway has approved by the City of Vancouver.

The site is being rezoned from C-2 to CD to allow 12-storey and 4-storey buildings with a  total of 129 condos and retail at-grade with a total density of 3.8 FSR.

The site is located on the north side of Kingsway between Earles Street and Duchess Street, and is within the Norquay Village Neighbourhood Centre Planning program area. The site is comprised of eight parcels currently developed with an automotive repair business and a vehicle dealership.

The architect for the project is W.T. Leung.

Source

July 20, 2011by david.taylor@colliers.com
Development

FOR SALE: 3707 – 3739 Dollarton Highway, North Vancouver

Colliers is pleased to present a rare North Shore waterfront development opportunity in the Dollarton area.

Features:

  • 5-lot bare land strata subdivision ready for servicing
  • Located in excellent residential market devoid of new single family lots
  • Potential for exclusive shared dock and water access
  • Spectacular setting with beautiful views overlooking Burrard Inlet
  • Public pathway and bridge/viewing area
  • Rezoning, subdivision and development permits already in place
  • Servicing required includes: earthworks/landscape, roadworks, waterworks, sanitary, drainage, hydro & cable
  • Build 5 single family homes for sale in a market with little supply of new product
  • Potential for development of shared dock facilities on waterfront area for strata use

Please contact David Taylor for further details.

david.taylor@colliers.com
604-692-1402

July 19, 2011by david.taylor@colliers.com
Development

Rize Alliance Planning 471 unit Development in Surrey City Centre

Rize Alliance is proposing to rezone a 1.8 acre site in Surrey City Centre from RF to Comprehensive Development Zone based on the RMC-150 to allow for the development of 471 condo units.

The proposed development is to consist of two, 28-storey apartment buildings containing 450 condo units and 21, 3-storey townhouses units. The development will be built in two phases with initial completion scheduled for 2014.

The proposed unit mix includes 96 studio units, 97 one-bedroom units, 146 one-bedroom and den
units, 103 two-bedroom units and 8 three-bedroom units. The proposed 21 townhouse units will each contain two bedrooms.

The total density is 5.5 FAR as per the City of Surrey’s high density residential designation for the site.

The development complements Weststone’s Ultra project next door.

Source

July 18, 2011by david.taylor@colliers.com
Development

711 Beach Avenue, Vancouver Sold

711 Beach Avenue has been sold by Black Top Cabs for $6,500,000 to a private investor.The property is located at the corner of Beach Avenue and Howe Street in the Downtown South area.

The property is 8,399 sq ft, representing a price per sq ft of $774.

July 15, 2011by 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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