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, Hotel

33-Storey Hotel Proposed for Granville Street Site

Deecorp Properties has submitted a rezoning application for an 18,000 SF site that they own at the Northwest corner of Granville & Davie Streets in Downtown Vancouver.

The site had been the subject of a previous development application for a 7-storey rental apartment building in 2016. That application did not proceed.

The new proposal is for the development of a 33-storey hotel building with a four-storey podium. The proposal includes:

  • 464 hotel rooms;
  • Commercial space in the podium levels;
  • A floor space ratio 21.79 FSR;
  • A building height of 380 ft.; and
  • 33 vehicle parking spaces and 60 bicycle spaces.

The application is being considered under the Granville Street Interim Rezoning Policy.

The architect for the project is MCMP Architects.

October 31, 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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