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
Development, Office, Retail

Mixed-use Development Planned for Brighouse Village Area of Richmond

Bene Richmond Development Ltd. has applied to the City of Richmond to rezone a site at 6560 – 6700 No.3 Road from the “Downtown Commercial (CDT1)” zone to a new site-specific zone in order to permit the development of a new mixed-use development in the City Centre’s Brighouse Village. The Official Community Plan (OCP) designates the subject site as “Downtown Mixed Use”. 

The 47,286 SF site is currently improved with a single-storey strip retail plaza known as Time Square. The site sits directly across from Richmond Centre, which is currently embarking on an ambitious redevelopment plan.

The proposed project would see two residential towers (8 & 11-storeys) all above a 4-storey podium containing parking, office, retail and restaurant uses.

Details of the proposal include:

  • 166 residential units (157 market and 9 affordable housing)
  • 14,278 SF of retail and restaurant space;
  • 33,008 SF of office space;
  • A total density of 4.0 FAR.

 

The architect for the project is Dialog.

May 17, 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, Office

SOLD: 3680 East Hastings Street, Vancouver

We are pleased to announce the completion of sale of Pacific Professional Centre, 3680 East Hastings Street, Vancouver, B.C. The 34,000 SF office building is located on a 14,000 SF C-2C zoned corner site. Nearly fully leased, the Property presents an optimal mix of potential income growth, coupled with future redevelopment potential under the City’s Rental 100 rezoning policy for rental apartments.

March 7, 2018by david.taylor@colliers.com
Development, Office, Retail

4-Storey Mixed-Use Building Proposed for Kerrisdale

A development application has been submitted for a site on West 41st Avenue in Kerrisdale, just West of East Boulevard. The site at 2074 West 41st Avenue is currently improved with an older 2-storey retail and apartment building. 

The plan for redevelopment of the 13,100 SF C-2 zoned site is a new four-storey concrete mixed-use building, consisting of:

  • Retail on the ground floor;
  • Offices on the 2nd and 3rd floors;
  • A 7-room hotel on the 4th floor;
  • A total density of 2.50 FSR;
  • A common garden and green roof on the rooftop level;
  • three levels of underground parking having vehicular access from the lane.

The application describes the design rationale: “The architecture is classic, in recognition of the history of Kerrisdale and its image as an upscale community. The building is generally symmetrical. The exterior materials include manufactured stone facing, metal windows, architectural detailing and a masonry balustrade on the fourth level patio facing West 41st. Canvas awnings above the first level retail add interest and delight.”

The site was sold to Canada Golden Land Holdings in 2016 for $18,000,000.

The architect for the project is Rositch Hemphill Architects.

March 7, 2018by david.taylor@colliers.com
Development, Office, Retail

New Mixed-Use Development Slated for Central Lonsdale Site

Rezoning and OCP amendment applications have been submitted for the Northmount Medical Centre site, located at 123-145 East 13th Street in the Central Lonsdale area of North Vancouver. The site is directly across the street from Onni’s recently completed Centreview project, and just East of Wesgroup’s The Prescott, completed a few years ago.

The one acre site, currently improved with two older medical office buildings, one at 4-storeys and the other at 9-storeys, sold in 2017 to the Millenium Development for $43,500,000. The site is one of only a handful that will allow taller buildings in the Central Lonsdale area.

The proposed redevelopment includes:

  • an 18-storey tower on the Eastern side of the site;
  • a 7-storey midrise on the Western side;
  • 162 residential units;
  • 1 studio, 61 one-bedrooms; 53 two-bedrooms and 34 three-bedrooms;
  • 18,331 SF of ground floor retail;
  • 31,718 SF of office space on the 2nd and 3rd floors;
  • a total density of 4.95 FSR;
  • a total building height of 187 feet;
  • 279 underground parking stalls;
  • a total community benefits package of $6.4 Million.

The architect for the project is Chris Dikeakos.

 

March 5, 2018by david.taylor@colliers.com
Page 31 of 70« First...1020«30313233»405060...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