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, Development

65 Condo Units Planned for Cambie & King Edward

Pennyfarthing Homes has submitted a rezoning application for the Southeast corner of Cambie Street and King Edward. The site at 4118-4138 Cambie Street is a two lot land assembly totaling 22,234 SF and is designated under the original Cambie Corridor Plan for development up to 6-storeys in height. 

The site sits directly North of Pennyfarthing’s condo project “The Grayson” development, sold out and under construction.

The proposal for the corner site is for a 6-storey residential building that includes:

  • 65 condo units;
  • 1 studio, 22 one-bedrooms,16 two-bedrooms & 16 three-bedrooms
  • a building height of 64 ft. from grade;
  • a total density of 2.88 FSR; and
  • 68 vehicle parking spaces and 91 bicycle spaces.

The application is being considered under the Cambie Corridor Plan. 

The architect for the project is Raymond Letkeman Architects.

April 12, 2018by david.taylor@colliers.com
Apartment, Development

42-Unit Rental Project Proposed for Rupert & East 29th

A rezoning application has been submitted for a site at the corner of Rupert Street and East 29th Avenue in North Vancouver. The plan for the 18,671 SF site is to rezoned from the current C-1 and RS-1 zoning to allow a new 4-storey mixed-use building that includes:

  • 42 market rental units;
  • 5,400 SF of ground floor retail space;
  • a total density of 2.14 FSR;
  • a building height of 45 ft.; and
  • 38 underground parking spaces.

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

The architect for the project is Matthew Cheng Architect Inc.

April 12, 2018by david.taylor@colliers.com
Development, Retail

Third Tower for Pearson Dogwood Site Includes 177 Units

Onni Group has applied to the City of Vancouver for permission to develop Parcel C of the Pearson Dogwood site. This is the second development application submitted for the 25 acre rezoned site, with the first being Parcel A, submitted for approval in February.
 
Parcel C is located on the North side of the overall site, on the south side of West 57th between Cambie Street and Heather Street. The plan is for a 27-storey mixed-use building that includes the following:
 
  • 171 market dwelling units;
  • 66 one-bedrooms, 99 two-bedrooms and 5 three-bedrooms;
  • 6 Pearson supportive units;
  • 17,500 SF of retail on Level 1, community health centre on Levels 1-4 and child daycare on Level 4;
  • a building height of 292 ft.;
  • 330,593. sq.ft. of floor area; and
  • four levels of underground parking accessed from a new internal street.

April 10, 2018by david.taylor@colliers.com
Apartment, Development, Retail

203 Units Planned for Park Royal South

A rezoning application has been filed by Larco with the District of West Vancouver for the former Whitespot property at the Southwest corner of Marine and Taylor Way, part of Park Royal South. The rezoning had been proposed several times over the past six years, but was ultimately facilitated by the City’s passage of the Marine Drive Local Area Plan in 2017. The combined 2.3 acre site includes fee simple lands, as well as leasehold lands belonging to Squamish First Nation.

The proposed plan includes two residential buildings as well as commercial space. Details include:

  • two buildings of 11 and 14-storeys in height;
  • 203 total units including:
    • 143 condo units
    • 60 rental units (49 market and 11 non-market);
  • 20,000 SF of retail space (plus 9,800 SF of retail on SFN lands);
  • 3,900 SF of childcare space;
  • a total density of 2.25 FAR;
  • a 3,100 SF public plaza;
  • 251 underground parking spaces.

The architect for the project is DIALOG.

March 30, 2018by david.taylor@colliers.com
Apartment, Development, Retail

47 Rental Units Planned for East Hastings Site

In what seems like a weekly occurrence, another Rental 100 rezoning application has been made for a site on East Hastings Street in East Vancouver.

This rezoning application is for a 12,080 SF site at 2601-2619 East Hastings Street, at the corner of Hastings and Penticton Street. The site is currently improved with lowrise commercial and is zoned C-2C. The proposal is for a 6-storey mixed-use building, consisting of:

    • 47 secured market rental units;
    • 8 studios, 23 one-bedrooms, 12 two bedrooms & 4 three-bedrooms;
    • 6,281 SF of retail space at grade;
    • a total density of 3.75 FSR;
    • a building height of 71 ft.; and
    • 42 underground parking spaces.

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

March 22, 2018by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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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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