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, 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
Apartment, Development

155-Unit Rental Building Planned for East Van Site

Strand Development has submitted an application to rezone a 44,372 SF triangular site at the corner of Victoria Drive and Stainsbury Avenue for a new rental apartment project.  The site is two former light industrial lots that are zoned MC-1. The proposal includes:

    • A 6-storey rental apartment building
    • A total of 155 market rental apartment units, including six live-work units;
    • 43 studios, 44 one-bedrooms, 41 two-bedrooms and 21 three-bedrooms
    • A floor area of 108,912 SF;
    • A density of 2.46 FSR;
    • A building height of 61 ft;
    • 101 residential parking spaces and one Class B loading space; and
    • 194 Class A and six Class B bicycle parking spaces.

The application also involves the reconfiguration of lots by relocating a lane and consolidating two lots previously separated by a lane.

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

3681-victoria_1 3681-victoria

September 8, 2016by david.taylor@colliers.com
Apartment, Development

Laneway Infill Apartments Planned for West End Property

A development application has been filed for a new laneway infill apartment building on a 66′ lot in the West End. 1176 Burnaby Street, owned by Lantern Properties, has an existing 11-storey, 41-unit apartment building known as Newport Apartments.

The laneway apartment application is for the rear of the property, currently a surface parking area. Details include:

  • 9 rental apartments
  • building height of 47 ft
  • Total area of 6,852 SF
  • 7 underground parking stalls accessed off the lane

The site is zoned RM-5A and the West End Community Plan, adopted in 2014, amended the RM zones to allow infill apartments on laneways where there is sufficient room for them.

1176-burnaby

 

1176-burnaby_21176-burnaby_1

September 7, 2016by david.taylor@colliers.com
Apartment, Development

Rental Apartments Planned for King Edward Site

South Street Development Group has applied to rezone a 23,088 SF three-lot land assembly at 431-455 West King Edward Avenue to allow a new rental apartment development. The proposal is for a 4-storey building with 2-storey townhouses at the lane that includes:

  • 42 secured market rental units;
  • 5 one-bedrooms, 24 two-bedrooms, 13 three & four-bedrooms
  • a building height of 45 ft.
  • a total density of 1.98 FSR; and
  • 54 vehicle parking spaces and 63 bicycle spaces.

The application is being considered under the Cambie Corridor Plan. The architect is Integra Architecture.

431 W King Edward431 W King Edward_1

August 9, 2016by 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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