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, 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
Apartment, Development, Retail

33-Unit Rental Building Slated for East Van Site

A rezoning application has been submitted for a long-vacant property at the Southeast corner of Clark Drive and East 12th Avenue in East Vancouver.

The proposal for 1302-1318 East 12th Avenue is to allow for the development of a 6-storey mixed-use building that includes:

  • 33 rental units;
  • 4,600 SF of retail space;
  • a total density of 3.0 FSR;
  • A building height of 66 ft;
  • 29 vehicle parking spaces and 56 bicycle parking spaces.

The application is being considered under the Grandview-Woodland Community Plan.

May 30, 2022by david.taylor@colliers.com
Apartment, Development

16-Storey Rental Building Planned for West End Site

A rezoning application has been submitted by Gracorp for a site at 1045 Burnaby Street in the West End area of Downtown Vancouver.

The site is currently occupied by an older lowrise 37-unit condo building.

The proposal is for a 16-storey rental building that includes:

  • 170 rental units;
    • 133 market rental units and 37 below market rental units;
  • A total density of 6.19 FSR;
  • A floor area of 107,050 sq. ft.;
  • A building height of 159 ft.;
  • 52 vehicle parking spaces and 317 bicycle parking spaces.

The application is being considered under the Criteria for 100% Secured Rental and Below-Market Housing as an Alternative to Inclusionary Social Housing in the Burrard Corridor of the West End Community Plan.

Gracorp acquired the site in 2021 for $28,830,000 or $269 per buildable SF based on the application.

May 24, 2022by david.taylor@colliers.com
Development

FOR SALE: Mount Pleasant Office Building

I am pleased to introduce for sale 225 West 8th Avenue, a well-positioned office investment opportunity in the Mount Pleasant area of Vancouver.

This 21,000 SF, 4-storey concrete office building is fully leased and is ideally located to capture future rent growth in this burgeoning area of the City.

The building is located just two blocks from Broadway City Hall Canada Line Station, soon to become a transit hub in the region as it intersects with the Broadway Millenium Line Extension.

The site also benefits from future redevelopment potential through the forthcoming Broadway Plan, which could allow up to 6.0 FSR commercial/industrial development if assembled with neighbouring lots.

Please click here or contact me for further details.

May 24, 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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