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

Details on Telus Gardens’ Two-Storey Video Screen

Details about the new ‘Media Facade’ on the Telus Gardens office tower are emerging and it seems like it will be a distinctive feature. The screen is located on the west façade, between the 16th and 18th floors, and is approximately 26′ x 40′. It is only visible in one direction from both Georgia and Seymour Streets.

Telus1 Telus2 Telus3

Here’s a description from the application:

“A simple and proven technology of back projection onto a retractable screen will provide a glare-free static image or full motion video. At dusk the screen descends, and the façade transforms.

When the performance is over, the screen ascends and the office tower is back to business. Content will be a mix of public art (including community messaging) and tenant exposure with the City of Vancouver reserving the right for special event programming.”

More details here.

January 27, 2015by david.taylor@colliers.com
Apartment, Development

North Van Rental & Condo Tower Passes Public Hearing

A plan by FDG Property Management to rezone a site at 161-165 East Keith Road has gone through public hearing. The plan is for a 17-storey, 93 unit residential development, of which 52 units will be stratified and 41 units will be secured as rental in perpetuity as a density bonus. Parking will be provided underground and accessed from East 6th Street. A density transfer is being proposed from adjacent City land (closed road).

161 East Keith Rd_6 161 East Keith Rd_2 161 East Keith Rd_3 161 East Keith Rd_4 161 East Keith Rd_5

January 21, 2015by david.taylor@colliers.com
Investment, Office

100-130 East 1st Street, North Vancouver – Sold

A three-storey office building located at East 1st and Lonsdale has sold for $6,400,000. The 18,000 SF building was built in 1949 and is located on a 9,007 SF site. The property’s 2015 assessment is $5,620,000. The ground floor is leased to Eternal Skin Care.

100 East 1st

January 20, 2015by david.taylor@colliers.com
Development, Office

Market Spotlight: MNP Tower

Some great crane shots of MNP Tower, which is now nearing completion. Fixturing is underway for tenants with opening in the Spring.

Photos by Donald Jones, Flickr.

January 16, 2015by david.taylor@colliers.com
Development, Retail

New Retail Building Proposed for West 4th & Arbutus

Bonnis Properties is proposing to redevelop a site that they acquired at the northwest corner of West 4th Avenue and Arbutus Street. The plan calls for a one-storey, 4,010 SF retail building with a roof deck. The 50 x 111′ C-2B zoned site is currently occupied by a Midas service centre.

The proposal is explained by the architect in the application: “The proposed structure has been design for potential relocation of the adjacent Lululemon store to the proposed building.The design including the roof terrace is based on the requirements and specifications of this potential tenant. The design of the building is flexible to allow for one or two commercial units in the future if required. The proposed building is a non-combustible steel construction and the exterior finishes are a combination of exterior architectural concrete panel system and metal cladding.”

2101 West 4th_1 2101 West 4th_2 2101 West 4th_3The site was acquired through a bidding process in late 2013 and was ultimately sold for $6,000,000, or $1,081 per SF of land.

 

January 14, 2015by 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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