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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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, Office

1.7 Acre Mount Pleasant Development Site Sold

PCI Group, in partnership with HOOPP, have completed their acquisition of the Alsco site, a 1.66 acre redevelopment property in the Mount Pleasant area of Vancouver.

The site, located at 5 West 4th Avenue between Ontario and Manitoba Streets is L-shaped and is zoned I-1. The I-1 zoning permits a density of 3.0 FSR, or just over 205,000 SF.

February 28, 2021by david.taylor@colliers.com
Condo, Development, Retail

38 Condos Planned for Marpole Site

Kunyuan International has submitted a rezoning application for a 16,143 SF site at 8804 Osler St, just West of Oak Street and Marine Drive. The site sits in the same block as another condo project currently under construction fronting Marine Drive, 8888 Osler. The site is currently improved with an older two-storey strip commercial building.

The proposal is to allow for the development of a 6-storey woodframe condo building. The zoning would change from MC-1 (Industrial) District to CD-1 (Comprehensive Development) District. This proposal includes:

  • 38 condo units;
  • 16 one-bedrooms, 15 two-bedrooms, 8 three-bedrooms;
  • 7,018 SF of ground floor retail space;
  • A total density of 3.05 FSR;
  • A building height of 80 ft.;
  • 59 vehicle parking spaces and 91 bicycle parking spaces.

The application is being considered under the Marpole Community Plan.

The architect for the project is DA Architects & Planners.

February 24, 2021by david.taylor@colliers.com
Development

FOR SALE: Oakridge Highrise Development Site

We are pleased to introduce this opportunity to develop a residential highrise just across Cambie on the south side of West 43rd Avenue. This 19,928 SF (165′ x 120′) development site has been designated for an 18-storey residential tower (condo or rental) with retail at grade in the Cambie Corridor Plan.

Asking $29,700,000, or $219 per buildable SF based on expected density of approx. 6.80 FSR.

Please contact us for further details or view the listing: https://www.collierscanada.com/en-ca/properties/for-sale-oakridge-highrise-development-opportunity/can-438-476-west-43rd-avenue-vancouver-vancouver-british-columbia-canada/can2003840

February 24, 2021by david.taylor@colliers.com
Development

Redevelopment Plan for SE Marine White Spot Property Includes 3-Storey Light Industrial

Shato Holdings has applied to the City of Vancouver for permission to redevelop the White Spot property at 1126 SE Marine Drive, at the corner of Ross Street in South Vancouver, with a new 3-storey Wholesale Industrial project, entitled “Sunrise Industrial Centre”.

The White Spot on the property is reportedly closing down this spring.

The proposal includes:

  • A gross floor area of 134,421 SF;
  • A density of 1.43 FSR;
  • A building height of 73.5 ft.;
  • Parking located in one level below grade, on surface and on the second storey with vehicular access from Ross Street.

Under the site’s existing I-2 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is TKA+D Architecture + Design.

The development application can be viewed here: https://shapeyourcity.ca/1126-se-marine-dr

February 14, 2021by david.taylor@colliers.com
Condo, Development

54 Condos Slated for East Broadway Site

A rezoning application has been submitted by Bucci Development for a 4 lot land assembly in the Grandview Woodland area of East Vancouver. The proposal for the 16,128 SF site at 2037-2061 East Broadway is to allow for the development of a 6-storey condo building that includes:

  • 54 condo units;
  • 7 studios, 202 one-bedrooms, 19 two-bedrooms & 8 three-bedrooms;
  • A total density of 2.65 FSR;
  • A building height of 69 ft.;
  • 47 vehicle parking spaces and 112 bicycle parking spaces.

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

The architect for the project is Rositch Hemphill.

February 11, 2021by david.taylor@colliers.com
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First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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