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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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, Retail

Richmond’s International Trade Centre Project Closer to Reality

MYIE Group is forging ahead with plans for a site in the Bridgeport Area of Richmond that has been on the drawing board. They have now applied for a development permit for the proposed International Trade Centre. The project was originally conceived several years ago and recieved rezoning in 2013.

The site is a triangular, 71,350 SF piece of land at 8451 Bridgeport Road. The proposed uses include general retail, restaurant, hotel and office. The plan includes:

  • A total density of 3.0 FAR (215,000 SF)
  • Three towers of 9, 12 (office) and 14-storeys (hotel) with a common five-storey podium including retail
  • Approximately 100 hotel rooms (Opus Hotel, managed by Trilogy)

In an effort to capitalize on the overwhelming success of Aberdeen Square, the office space will be strata-titled and sold. The developer is taking registrations through Magnum Projects.

ITC Richmond ITC Richmond_1

February 13, 2015by david.taylor@colliers.com
Development, Office, Retail

Office/Retail Building Planned for Burrard and West 4th Corner

A development application has been submitted for a prominent corner. A new 3-storey building is in the planning stage at the Northeast corner of Burrard and West 4th Avenue, currently home to Comor Sports. The proposal for the 93′ x 113′, C-2B zoned site includes:

  • retail use on Level 1 (Comor would be the tenant)
  • office use on Levels 2 and 3
  • 3 levels of underground parking
  • total floor area of 26,244 SF (2.5 FSR)

1785 West 4th Ave

 

February 11, 2015by david.taylor@colliers.com
Apartment, Investment

FOR SALE: 16-Unit Kitsilano Apartment Building

1609 Cypress_Front1609 Cypress Brochure

February 10, 2015by david.taylor@colliers.com
Apartment, Development

Westbank Takes Over West End Rental Tower Project

Westbank Corp. has taken over a proposed rental tower site in the West End. The site, located at 1754-1772 Pendrell Street, was originally proposed for a rezoning back in 2010 for a market condo project by DTKH with some rental units. The newly revised application by Westbank includes:

  • A 21 storey tower, with a maximum height of 190 ft
  • 171 rental units, including 43 studios, 51 One-Bedroom, 72 Two-Bedroom, and 3 Three-Bedroom units
  • A density of 6.55 FSR

1754 Pendrell_21754 Pendrell

Westbank has recently recieved occupancy on their other new West End rental tower, The Lauren, also designed by Henriquez.

February 4, 2015by david.taylor@colliers.com
Apartment, Development

Apartment Building Planned for Victoria Drive

An application has been filed for a 90 x 132 ft., C-2 zoned property at 540 Victoria Drive in the Grandview Woodlands area of East Vancouver. The proposed plan includes:

  • a new 4-storey building
  • 2 CRU’s on the main floor (one for a new Bosa Foods store)
  • 27 rental apartment units on the 2nd to 4th floors
  • A density of 2.38 FSR (1.75 residential)
  • 1 level of underground parking

Cornerstone Architecture explains the rationale for the project:

“This development provides a mixed-use residential and commercial building that will stand as a legacy project for the Bosa Foods company, which has been a long term part of the community. The development is to provide a mixture of  1, 2 and 3 bedroom rental suites across the upper 3 storeys.”

540 Victoria 540 Victoria_3540 Victoria_2

January 30, 2015by david.taylor@colliers.com
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First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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