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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Apartment, Development

North Vancouver Rental Apartment Tower Plan Moving Forward

Over two years after originally unveiling plans for a new rental tower at Lonsdale and 13th, Hollyburn Properties is now close to final council approval. Hollyburn has had to seek a relaxation to the OCP height limits for the site – previously affirmed as 121 feet in the OCP. The current proposal is for a 187 ft tower. The plan is for a 19-storey mixed-use development that includes:

  • 16-storeys of residential with 144 rental housing units
  • a partial storey of amenity space, over a two storey, 27,290 SF retail and office podium including 6 CRU units
  • a total density of 4.80 FSR

The site is currently zoned ‘C-1A’ which allows for a density of 2.6 FSR. The OCP allows for density of 3.0 FSR with a Density Bonus up to a maximum of 1.0 FSR in the Mixed Use Level 4B Designation for a total maximum density of 4.0 FSR. A maximum height of 37 metres (120 feet) is currently established for the site and the site has been designated a “Special Study Area” in anticipation of further exploration of appropriate form. The proposal includes the purchase of 0.8 FSR (22,186 SF) of rental transfer density at a rate of $90 / sq. ft., resulting in a cash contribution to the City of $1,996,758.

1301-lonsdale1301-lonsdale_1 1301-lonsdale_2 1301-lonsdale_3 1301-lonsdale_4

October 23, 2016by david.taylor@colliers.com
Apartment, Development

101 Rental Apartments Planned for Kingsway Site

Hua Long International Technical Investment has applied to the City of Vancouver to rezone a 27,764 SF, C-2 zoned site at 2153-2199 Kingsway (at the Northwest corner of Gladstone) for a 6-storey rental apartment building.

The proposal includes:

    • 101 market rental apartment units;
    • 45 studio units, 18 1-bedroom units, 31 two-bedrooms & 7 three-bedrooms
    • A total density of 3.37 FSR (93,651 SF);
    • 14,499 SF of ground-floor retail space;
    • A building height of 71.4 ft.;
    • Two floors of underground parking, with access from the lane to the north of the site.

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

The site, which comprises four separate lots, had been assembled over a period between 2010 and 2015.

2153-kingsway2153-kingway_2 2153-kingsway_1The rezoning application can be viewed here.

The architect for the project is IBI Group.

September 28, 2016by david.taylor@colliers.com
Apartment, Investment, Retail

For Sale: East Vancouver Investment Opportunity

We are pleased to introduce this Kingsway apartment/retail building. Please contact us for further details.

1574-kingsway

 

1574 Kingsway Brochure

September 23, 2016by david.taylor@colliers.com
Apartment, Investment

FOR SALE: Fairview Apartment Building

1216-west-10th-ave1216-west-10th-avenue-brochure

September 22, 2016by david.taylor@colliers.com
Apartment, Development, Retail

Plan for Burritt Bros Site Includes 45 Rental Units

Landa Global has submitted their development application for the Burritt Bros site at Main Street and 20th in East Vancouver. Landa acquired the site at 3594 Main Street in a bid process in September 2015, for $11,400,000. Landa was featured in the Globe and Mail at the time of sale.

The plans for the 16,963 SF, C-2 zoned site includes:

    • a 4-storey building
    • 6,275 SF of ground floor retail
    • 45 rental apartment units
    • “high percentage” of family-friendly two-bedroom units
    • 2.5 FSR density
    • one level of underground parking with access from the lane

3594-main3594-main_1The architect for the project is Yamamoto Architecture.

September 9, 2016by david.taylor@colliers.com
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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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