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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Apartment, Development, Retail

41 Rental Units Proposed for North Van Site

Jadasi Development has submitted a rezoning application for the Fountain Tire site at 880 West 15th Street in North Vancouver.

The 13,202 SF site is located mid-block in the 800-block of West 15th Street, between Fell Avenue
and Marine Drive and is designated Mixed Use Level 2 in the Official Community Plan. This designation allows for a mix of commercial and residential uses with a maximum density of 2.5 FSR and a maximum height of 6-storeys.

The proposal is for a new 5-storey rental building that includes:

  • 41 rental units;
    • 6 studios, 20 one-bedrooms, 10 two-bedrooms & 5 three-bedrooms;
  • 3,552 SF of retail space;
  • a total density of 2.50 FSR;
  • 32 parking spaces.

The architect for the project is Gateway Architecture.

April 17, 2023by david.taylor@colliers.com
Condo, Development

117-Unit Condo Project Planned for Joyce-Collingwood Site

A rezoning application has been submitted for a site at 5019-5039 Payne Street in the Joyce-Collingwood area of East Vancouver.

The proposal is to allow for the development of a 14-storey condo building that includes:

  • 117 condo units;
    • 76 studios/1-Beds, 37 two-bedrooms and 4 three-bedrooms;
  • A total density of 4.50 FSR;
  • A building height of 140 ft.; and
  • 78 vehicle parking spaces and 306 bicycle parking spaces.

The application is being considered under the Joyce-Collingwood Precinct Plan.

The architect for the project is Opulence Architecture.

April 4, 2023by david.taylor@colliers.com
Development, Land

Keltic Acquires 4 Acre Brentwood Site

Keltic Development has acquired the 4.3 acre Revs Bowling & Entertainment site at 5502 Lougheed Highway in the Brentwood Area of Burnaby for $94,000,000.

The site is improved with a bowling alley but has long been targeted for redevelopment given it’s designation as High Density Residential within the City of Burnaby’s Brentwood Community Plan.

Macdonald Commercial’s marketing brochure from 2021 indicates that the maximum potential density for the site is 8.30 FAR, which could yield over 1.5 Million SF of residential density.

April 2, 2023by david.taylor@colliers.com
Apartment, Condo, Development

Ledingham McAllister Unveils “Straford Wynd” Master Plan in Coquitlam

Ledingham McAllister has submitted their master plan application to the City of Coquitlam for “Stratford Wynd”, an 8.0 acre site in the City Centre area of Coquitlam. The site is currently occupied by a 113-unit rental townhouse development built in the early 1980’s.

The site is designated in the City Centre Area Plan as Medium Density Residential.

LedMac is proposing a medium density residential project with nine buildings in eight phases, including one highrise tower, and several midrise/lowrise buildings. Details include:

  • 1,113 total residential units;
  • 978 condos;
  • 135 rental units;
  • 57 space childcare centre;
  • 2.61 FAR total density;
  • an extension of Kensal Place to Inlet Street;
  • $25 Million in DCCs and CACs.

The architect for the project is IBI Group.

March 31, 2023by david.taylor@colliers.com
Development, Office, Retail

578-Room Hotel Planned for Pender & Richards Site

Marcon has submitted a rezoning application for a site at the Southwest corner of Pender and Richards Streets in Downtown Vancouver.

The site consists of three parcels, a 6-storey parkade at the corner, a 2-storey retail/office building, mid-block on West Pender street, and the Lumbermen’s Building, an 8-storey office and heritage building, to be retained in the new development.

The proposal is to allow for the development of a 32-storey hotel that includes:

  • 578 hotel rooms;
  • 20,000 SF of retail and restaurant space;
  • 44,132 sq. ft. of office space;
  • A total density of 22.81 FSR;
  • A building height of 318 ft.; and
  • 146 vehicle parking spaces and 91 bicycle parking spaces.

The application is being considered under the Downtown Official Development Plan) and Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is Henriquez Partners.

March 3, 2023by 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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