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
  • Thinking of Selling?
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Development, Office, Retail

Mixed-use Development Planned for Cambie & 42nd

Viva Grand Developments has applied to rezone a site that they own at Cambie Street and West 42nd Avenue, across from Oakridge Centre. The plan for the 31,194 SF site at 5812-5888 Cambie Street is to rezone from the existing C-2 to CD under the Cambie Corridor Plan to allow a 10 and 8-storey mixed-use development, including:

  • a total of 117 residential units;
  • 20 studios, 28 one-bedrooms, 50 two-bedrooms & 11 three-bedrooms
  • 8 live work units at the lane;
  • 6 commercial units at grade totaling 14,700 SF;
  • 21,000 SF of office space;
  • a maximum building height of 116 ft.;
  • a total density of 5.22 FSR; and
  • 215 underground vehicle parking spaces and bicycle spaces.

5812-cambie5812-cambie_2 5812-cambie_1Viva Grand had acquired the site, currently occupied by single storey retail, in 2013 for $26,000,000.

The architect for the project is IBI Group.

The full rezoning package can be viewed here: http://rezoning.vancouver.ca/applications/5812-5888cambie/index.htm

January 9, 2017by david.taylor@colliers.com
Development, Office

Latest Office Proposal Demonstrates Trend for Smaller Sites

A rezoning application has been submitted for a 90 x 110 ft, C-3A zoned site at 521-525 West 8th Avenue, just west of Cambie Street (across from Whole Foods). The site is currently comprised of two single-storey retail buildings, one of which is now vacant.

The proposal calls for a nine-storey office building with retail, and includes:

    • 60,300 SF of office space
    • 2,000 SF of retail space
    • Office floorplates ranging from 6,400 to 9,015 SF
    • A total density 6.91;
    • A building height of 111 ft.;
    • 88 parking spaces on 3 1/2 underground levels; and
    • 35 bicycle parking spaces

521-west-8th525-west-8th_4 525-west-8th_3 521-west-8th_1

525-west-8th_2

Typical Tower Floorplan

This application is being considered under the Metropolitan Core Jobs and Economy Land Use Plan. The “Metro Core” plan policy has been in place now for almost ten years. The primary purpose the plan was to facilitate rezoning for commercial development, either by restricting residential use, or by allowing greater density for office uses. The site falls within the “Broadway Corridor Choice-of-Use Areas” which allow for increased commercial density by virtue of proximity to transit.

The architect for the project is Musson Cattell Mackey Partnership.

This application is the latest in a recent trend of rezoning applications for office buildings on sites under 10,000 SF which traditionally would’ve been viewed as too small to accommodate larger floorplates and parking requirements.

January 9, 2017by david.taylor@colliers.com
Development, Retail

16-Unit Building Planned for West 17th & Heather

GBL Architects Inc. has applied to the City of Vancouver for permission to develop an 11,484 SF, C-2 zoned site at the corner of West 17th Avenue and Heather Street. The site is currently improved with a 3-storey walkup apartment building with ground floor retail.

Basic plan details consist of a 4-storey mixed use building with:

    • one level of Retail and four levels of Residential
    • 16 units
    • 10 two-bedrooms and 6 three-bedrooms
    • total density of 2.44 FSR
    • 2 levels of underground parking, having vehicular access from the lane.

711-west-17th_2711-west-17th711-west-17th_1Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The site was listed for sale in early 2016 and sold to a numbered company for $9,100,000, or $325 per buildable SF.

December 9, 2016by david.taylor@colliers.com
Development, Office

Construction Update: The Exchange

Here is a brief photo update on the construction progress for The Exchange, a 31-store, 372,000 SF office tower at the corner of Howe Street and West Pender Street in Downtown Vancouver.

Construction got underway in early  2014 with the reconstruction of the old stock exchange building at 475 Howe Street.

The project is scheduled to be completed in 2017.

475-howe-1Photo courtesy mcminsen http://po.st/kowrls via @imageshack

475-howe-2photo courtesy mcminsen http://po.st/UtQBDn via @imageshack

475-howe-3photo courtesy mcminsen http://po.st/kPoDm6 via @imageshack

475-howe-4photo courtesy mcminsen http://po.st/MDf3K3 via @imageshack

December 4, 2016by david.taylor@colliers.com
Apartment, Development, Retail

Rental Building Planned for Downtown Eastside Parking Lot

Plans have emerged for a site owned by Holborn Group at the Northeast corner of Abbott Street and Hastings Street near Victory Square and across the street from Woodwards. The site has long been unimproved and used a surface parking lot. The lot is 99′ x 132′ and is currently zoned DD.

Holborn has now submitted a rezoning application for a 10-storey mixed-use building with:

  • 132 rental units
  • 83 studio units, 4 one-bedrooms and 45 two-bedrooms
  • 5,494 SF of commercial space on the ground floor
  • a total density of 7.62 FSR
  • 74 vehicle parking spaces on one level of underground parking
  • 167 bicycle parking spaces
  • a building height of 105 ft.

95-w-hastings95-w-hastings_195-w-hastings_395-w-hastings_2


The application describes the design rationale:

“Our key place making and built form strategies reinforce the prevailing context through contemporary architectural expression, recognizing and strengthening the historic form and scale with an emphasis on appropriate frontage and modulating heights that provide a transitional scale from the Paris Block to Woodward’s. The residential entry is on Abbott
Street.
The Hastings Street massing provides varying material treatments approximating the historic lot sizes, with no continuous elevation treatment greater than 75 feet. The contextual fit of the building is based on an analysis and reinterpretation of the historic building typologies in the area. The east 7 storey segment of the Hastings Street elevation aligns with the Paris Block 2 lots over, while the west 8 storey segment aligns with the historic Woodward’s façade across Abbott Street. Levels 8-10 of the east segment are set back 8 feet from the street, while levels 9 and 10 of the west segment are recessed one foot from the lower façade.
The Abbott Street facade has the same materiality and setback at levels 9 and 10 as the Hasting Street façade; however, there is no vertical saw tooth as this is a minor street. The retail facades on both Hastings an d Abbott Street are articulated i nto small bays. In order to not encroach upon existing mature trees on Abbott and Hastings Streets, we have provided a 5’ wide canopy on both Abbott and Hastings Streets major facades.”

The architect for the project is Gair Williamson.
December 2, 2016by david.taylor@colliers.com
Page 126 of 219« First...102030«125126127128»130140150...Last »

Thinking of selling?

I track every commercial sale in Metro Vancouver. If you're wondering what your property is worth, I can give you an informed view.

Get an Opinion of Value

David Taylor · Colliers · 604-761-7044

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