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

SOLD: North Vancouver Development Site

Pleased to announce that the sale of Maplewood Plaza, a 1.7 acre mixed-use development site in the Maplewood Village area of North Vancouver, has completed.

This site was previously approved for rezoning to allow a 6-storey, 193-unit residential project with retail at grade.

Please contact me for further details.

June 14, 2022by david.taylor@colliers.com
Apartment, Development

57-Unit Rental Building Proposed for Central Lonsdale

A rezoning application has been submitted for an existing apartment property at 124 West 20th Avenue in the City of North Vancouver.

The proposal seeks to replace an aging 22-unit rental apartment building with a new 6-storey rental apartment building.

The property is located in the Central Lonsdale area, along the north side of West 20th Street, between Lonsdale Avenue to the east and Chesterfield Avenue to the west. The site is designated Residential Level 5 (R5) in the OCP. It supports a maximum density of 2.60 FSR (including 1.0 bonus FSR for purpose built rental housing).

The proposal for the site includes:

  • 57 rental apartment units;
    • 5 studios, 23 one-bedrooms, 22 two-bedrooms & 7 three-bedrooms;
  • a total density of 2.59 FSR;
  • 53 parking stalls.

The architect for the project is RLA Architects.

June 10, 2022by david.taylor@colliers.com
Condo, Development, Office, Retail

4-Storey Mixed-Use Building Planned for North Van Site

Cascadia Green has submitted a rezoning application to the City of North Vancouver for the redevelopment of the Midas site at 800 Marine Drive.

The 15,500 SF site is located at the corner of Marine and Fell. The OCP designates the site and surrounding areas to the north and east as Mixed Use Level 2 (MU2), which supports mixed-use development up to 6-storeys and 2.50 FSR.

The plan for the property is a new 4-storey building that includes:

  • 19 condo units;
    • 6 studios, 11 two-bedrooms and 2 three-bedrooms;
  • 9,000 SF of retail space
  • 12,000 SF of 2nd floor office space;
  • 39 parking stalls
  • a total density of 2.50 FSR.

The architect for the project is WA Architects.

The site was acquired for $7,975,000 or $206 per buildable SF based on the application.

June 10, 2022by david.taylor@colliers.com
Development, Land

SOLD: Arbutus Street Land Assembly

I am pleased to announce the sale of six (6) lots at the Southeast corner of Arbutus Street and Nanton Avenue on the Westside of Vancouver. Stay tuned for details regarding redevelopment plans!

June 9, 2022by david.taylor@colliers.com
Apartment, Development, Retail

128-Unit Rental Building Proposed for Downtown Site

A rezoning application has been submitted by Pacific Reach Properties for a site they own at 314-328 West Hastings Street in Downtown Vancouver.

The site is currently comprised of three older lowrise commercial buildings.

The proposal is to allow for the development of a 12-storey mixed-use, rental apartment building that includes:

  • 128 market rental units;
    • 87 studios, 5 one-bedrooms, 15 two-bedrooms & 21 three-bedrooms;
  • 4,300 SF of retail space at grade;
  • A total density of 8.16 FSR;
  • A building height of 105 ft.;
  • 8 vehicle parking spaces and 279 bicycle parking spaces.

The application is being considered under the Downtown Eastside Plan and the Rezoning Policy for the Downtown Eastside.

The architect for the project is Pacific Atelier Architecture.

June 1, 2022by 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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