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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Development, Office

9-storey Office Building Proposed for Seymour and Pender

538 West Pender

A 9-storey office building is proposed for the Southeast corner of West Pender and Seymour Streets in Downtown Vancouver. The building will contain approx. 77,000 SF of commercial space.

The property is currently for lease/sale with Colliers. Detail here.

Property Features for 538 West Pender Street

  • Targeting LEED® Gold
  • “A” Class building
  • Latest technology in building systems
  • Architect: Musson Cattell Mackey Partnership (MCM)
  • Main floor retail
  • Penthouse amenity area for use by tenants
  • Efficient floor plates

June 7, 2013by david.taylor@colliers.com
Development, Office, Retail

Auto and Commercial Uses Proposed for Lougheed and Boundary Development

A rezoning proposal has been put forward to develop a phased commercial development at 2020 Boundary Road, a site the Northeast corner of Lougheed and Boundary Road in Burnaby. Translink sold the site last year to the Open Road Auto Group for $19.2 Million.

The development will consist of:

  • two or three high-end auto dealerships
  • a 4-storey fully enclosed glass structured car parkade
  • an 8-storey, 85,000 SF office building with underground parking and grade level retail uses
  • a total density of 0.77 FAR

The auto dealerships are proposed to be the first phase of the development, with the commercial uses later.

Boundary & Lougheed

June 5, 2013by david.taylor@colliers.com
Development, Office

Telus Office Tower Construction Reaches Grade

Construction on Telus’ new Downtown Vancouver headquarters is now progressing above ground. The 22-storey complex is scheduled to be complete in early 2015.

Telus Office Tower Construction

Telus Office Tower Construction

All photos courtesy of Built Form on SSP.

May 28, 2013by david.taylor@colliers.com
Development, Office

320 Granville Street Office Tower Project Back at UDP

The design for a proposed 32-storey office building at the corner of Granville and Cordova (currently a multi-level parking garage) have been changed in advance of an Urban Design Panel meeting next week. As we reported last year, the project is for an office tower with a density of 25.5 FSR and 380,000 sq. ft.

Here’s a look at the new design:

320 Granville Model
Street Level

320 Granville – New vs Previous Design

Photos courtest: Built Form @ SSP

May 15, 2013by david.taylor@colliers.com
Investment, Office

Investors Group Sells Newton Commerce Centre

Investors Group has sold Newton Commerce Centre in Surrey for $7,000,000. The vacant office building, located at 76th Avenue and 130th Street, is a two-storey building built in 2001. The building is 42,500 SF, making the sale $165 per SF.

Newton Commerce Centre

May 7, 2013by 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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