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

81 Rental Units Proposed for Shaughnessy Site

Domus Homes has submitted their rezoning application for a 0.9 acre two single-family lot land assembly at 4750 Granville Street and 1494 West 32nd Avenue. The combined site is currently zoned from RS-5.

The application comes just six months after the City of Vancouver rejected a townhouse development across the street.

The proposal for the site includes a new 4-storey rental building with:

  • 81 market rental units;
    • 52 one-bedrooms, 19 two-bedrooms & 10 three/four-bedrooms;
  • a total density of 1.50 FSR;
  • a building height of 44 ft; and
  • 70 underground vehicle parking spaces and 154 bicycle spaces.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Stuart Howard Architects.

Domus acquired the site in October 2019 for $12,700,000 or $223 per buildable SF.

January 29, 2020by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

FOR SALE: 14-Acre Mixed-use /Residential Development Site

We are pleased to present this 14-acre residential/mixed-use development site in Burnaby, located adjacent the Sperling-Burnaby Lake Station.

Please download our brochure for further information about the Property.

January 24, 2020by david.taylor@colliers.com
Apartment, Development, Retail

31-Units Planned for Kingsway in Latest Rental Rezoning

Tatla Developments has submitted a rezoning application for a mid-block site on Kingsway in the latest rental application for the area. The 9,076 SF site is located at 1247 Kingsway, in between Inverness Street and Clark Drive.

The zoning for the site is currently C-2, but the rezoning application proposes:

  • 31 market rental units;
    • 15 studio units, 12 two bedrooms & 4 three-bedrooms;
  • 3,800 SF of retail space;
  • a total density of 3.60 FSR;
  • a building height of 70 ft; and
  • 16 underground parking stalls and 100 bike spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Stuart Howard.

December 23, 2019by david.taylor@colliers.com
Apartment, Condo, Development, Retail

25-Storey Condo/Rental Tower Slated for Maillardville Site

A rezoning and development permit application has been submitted for a prominent corner site at Lougheed and Blue Mountain Street in the Maillardville neighbourhood of Coquitlam, just off Highway 1.

The site at 901 Lougheed is designated Neighbourhood Centre and is zoned C-2 General Commercial. There are currently two commercial buildings on the property. The site is located across Blue Mountain from an existing condo highrise project in pre-sales called Horizon Twenty-One by Centred Developments.

The application proposes to rezone the 28,580 SF site Highway from C-2 to allow a mixed-use development consisting of a 25-storey tower over top a 4-storey commercial and residential podium, Details include:

  • 122 condo units;
  • 51 market rental units;
  • 6 below market rental units;
  • a total density of 5.0 FAR;
  • 9,524 SF of retail space;
  • 276 parking spaces within an underground parkade.

The architect for the project is Wilson Chang.

November 22, 2019by david.taylor@colliers.com
Apartment, Development

Oakridge Land Assembly Slated for Rental Tower

A rezoning application has been submitted to the City of Vancouver for a three lot land assembly at 441-475 West 42nd Avenue, just East of Cambie Street and Oakridge Centre.

The 18,791 SF site was designated for rezoning in the Cambie Corridor Plan Phase 3, which identified several sites near Oakridge for higher density. The designation allows for 80% market rental, with 20% below market.

The proposal consists of an 18-storey secured market rental residential building with a 4-storey podium over one level of underground parking and includes:

  • 124 rental units (including 29 below market rental units);
  • A rooftop indoor/outdoor amenity space and a children’s play space above the podium;
  • A building height of 202.5 ft;
  • A total density of 6.67 FSR ; and
  • 39 parking spaces and 4 car-share parking spaces; and
  • 291 bicycle parking spaces.

This application is being considered under the Cambie Corridor Plan.

The architect for the project is Urban Solutions Architecture.

October 28, 2019by 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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