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.
  • About
  • Listings & Sales
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Apartment, Development

Rezoning Proposed for Travelodge Site in North Van

A rezoning application has been submitted by Marvel Group for the Travelodge site at 2050-2070 Marine Drive in North Vancouver. The site sits between two recent tower proposals – the former Earls Site to the West, and Park West to the East. The Official Community Plan (OCP) designates this site as Commercial Residential Mixed Use 2 (CRMU2).

The 1.6 acre site consists of four separate commercial parcels including:

  • Travelodge Hotel
  • Pho Japolo Restaurant
  • Denny’s Restaurant
  • Earl’s Restaurant parking lot (the restaurant itself is not part of this application, as it is located in West Vancouver)

The rezoning application for this 1.6 acre site includes:

  • A 29-storey tower and two lowrise buildings;
  • 264 market condo units;
  • 35 affordable rental units;
  • a total density of 2.75 FSR;
  • A new park “Curling Park” (provided jointly between this and Park West development);
  • Two floor of underground parking.

 

May 22, 2018by david.taylor@colliers.com
Apartment, Development

91-Unit Rental Apartment Project Proposed for Marpole

A rezoning application has been submitted for a 23,518 SF mid-block site on Oak Street, just South of West 70th Avenue. 8636-8656 Oak Street is currently improved with two older RM-3A zoned apartment buildings totaling 17 units.

The proposed rezoning for the two lots is for a new rental project with two 6-storey buildings which include:

  • 91 market rental units;
  • 29 studios, 29 one-bedrooms, 27 two-bedrooms & 6 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 60 ft.; and
  • two levels of underground parking with 76 vehicle parking spaces and 115 bicycle spaces.

The application is being considered under the Marpole Community Plan.

The architect for the project is WT Leung Architects.

May 14, 2018by david.taylor@colliers.com
Apartment, Development

42-Unit Rental Building Proposed for Lower Lonsdale

A rezoning application has been submitted for an 11,998 SF site at 365 East 2nd Street in the City of North Vancouver. The site is currently improved with an older 3-storey walkup apartment building containing 18 units. 

The subject site has a 2014 Official Community Plan (OCP) designation of Residential
Level 5, which permits a midrise apartment building form to a maximum floor area of 1.6
FSR and a maximum density bonus of 1.0 FSR that may be considered when public
benefits are provided

The proposal is for a new 6-storey building that includes:

  • 42 rental units;
  • 18 one-bedrooms, 20 two-bedrooms and 4 three-bedrooms;
  • A total density of 2.60 FSR;
  • 44 underground parking stalls.

The architect for the project is Rafii Architects.

May 11, 2018by david.taylor@colliers.com
Apartment, Development, Office, Retail

Two New Tower Proposals for Coquitlam

Two new tower proposal go to first reading at the City of Coquitlam next week, one in Burquitlam and one in the City Centre area of Coquitlam. The two projects are detailed below:


545 Sydney Avenue

This proposal is by Ledingham McAlister for a site in the booming Burquitlam neighbourhood along North Road. The site is 0.8 acres and is located at the Northeast corner of Westview Street and Sydney Avenue. 

The site is currently occupied by a 3-storey condo building and the plan calls for rezoning from RM-2 to a Comprehensive Development Zone (CD) based on the RM-6 Multi-Storey High Density Apartment Residential Zone in the Official Community Plan.

The plan is for a new 25-storey residential tower that includes:

  • 235 total residential units;
    • 157 condos
    • 78 rental apartments;
  • a total density of 5.50 FAR;
  • 283 underground parking spaces.

  The site sold in January 2018 for $15,575,000.

The architect for the project is IBI Group.


1108 Westwood Street

Polygon Homes has submitted their application for this site at the southwest corner of Glen Drive and Westwood Street in the City Centre area of Coquitlam. The 1.1 acre site is mostly vacant and comprises an assembly of three lots.

The site sits adjacent a site controlled by Onni (fronting Pinetree Way), which will also be applying for a rezoning for a tower using the same architect, Chris Dikeakos. There is a master plan in place which governs the development of both sites.

The site is located within the City Centre Area Plan (CCAP), is designated City Centre Commercial in the OCP, and is located within the “Core” area of City Centre in the Transit-Oriented Development Strategy (TDS). The proposed rezoning to CD is based on the C-4 Zone which is the applicable zone in the City Centre Commercial designation in the CCAP.

The plan calls for a 40-storey residential tower that includes:

  • 273 residential units:
    • 222 condo units;
    • 51 rental apartment units;
  • Four retail units;
  • 4 floors of office space (24,000 SF total commercial space);
  • 19,813 SF of amenity space;
  • A total density of 6.40 FAR;
  • A total building height of 406 ft.;
  • 437 underground parking spaces above and below grade (due to high water table)

 

 

 

May 4, 2018by david.taylor@colliers.com
Apartment, Development, Retail

Kingsway & Clark Corner Slated for 53 Rental Units

The latest Kingsway rental rezoning application to be submitted to the City of Vancouver is for a site at the Northeast corner of Kingsway and Clark Drive, one block West of Knight Street.

The 14,134 SF site is currently improved with single storey retail including the Cedar Cottage Neighbourhood Pub and Liquor Store. The site is zoned C-2. The rezoning proposal seeks approval for a new six-storey mixed-use building, consisting of:

    • 53 market rental units;
    • 10 studios, 24 one bedrooms, 13 two-bedrooms and 6 three-bedrooms;
    • 7,884 SF of retail space at grade;
    • a total density of 3.77 FSR;
    • a building height of 74.64 ft.; and
    • 43 underground parking spaces.

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

The site was acquired in 2017 for $5,840,000, or $102 per buildable SF based on the application.

The architect for the project is GBL Architects.

April 24, 2018by david.taylor@colliers.com
Page 62 of 110« First...102030«61626364»708090...Last »

Search the Site

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved