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, Rental, Retail

City of Vancouver Proposing Two Rental Towers at Hornby & Pacific

The City of Vancouver, through the Vancouver Housing Development Office (VHDO) applied to rezone the block at the corner of Pacific & Hornby for a new highrise rental development.

The site is several parcels, including the former Kettle of Fish restaurant, and combines to form a total of 68,300 SF of land area.

The proposal is to allow for the development of 38-storey and 52-storey rental towers and includes:

  • 1,136 market rental units;
  • 11,000 SF of retail space;
  • a total density of 12.11 FSR;
  • Maximum building height of 534 ft.

This application is being considered under the Rental Housing on City-Owned Land – Public Benefits Pilot Rezoning Policy.

The architect for the project is Diamond Schmitt Architects.

The full application can be viewed here: https://www.shapeyourcity.ca/1402-1460-burrard-st

December 16, 2024by david.taylor@colliers.com
Development, Rental, Retail

69-Unit Rental Building Envisioned for Point Grey Corner

Third Space Properties has submitted a development application for a site at 10th & Discovery in the Point Grey Village area of Vancouver. The plan for the site includes a new 6-storey rental building with:

  • 69 market rental units;
  • 6,200 SF of retail space;
  • a density of 3.50 FSR;
  • a building height of 72 ft.;
  • Two levels of underground parking with access off the lane.

Under 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.

From a media release: “Residents will have access to shared indoor and outdoor amenities, including a versatile lounge and coworking area designed to provide space for gathering, studying, and working. The building design seeks to fit into the existing village scale, while serving as a gateway to Point Grey Village. Streetscapes along both 10th Avenue and Discovery Street have been carefully planned, featuring active retail and residential frontages, alongside generous setbacks to encourage comfortable movement, adding to the vibrancy of one of Vancouver’s oldest village centres, Point Grey.”

Teh architect for the project is Integra Architecture.

December 4, 2024by david.taylor@colliers.com
Apartment, Condo, Development, Land, Rental, Retail

Vision for Capilano Mall Redevelopment Includes 11 Towers, Up to 3,100 Units

QuadReal has unveiled preliminary concept plans for the redevelopment of Capilano Mall in North Vancouver. The plans are being unveiled for community input before a more detailed application in 2025, including a required OCP Amendment.

The 17-acre property has been the subject of preliminary planning on and off since 2019, but got underway again in 2023.

Overall concept details include:

  • 11 Towers, 12-40 storeys in height;
  • ~ 3,100 residential units;
  • 30% rental;
  • 10% mid-market rental;
  • 152,000 SF of retail/commercial space;
  • 1.5 acres of public/park space
  • a 20-30,000 SF community centre;
  • a total density of 4.0 FSR.
Timeline

Further info can be found on the project’s consultation website: https://www.reimaginecapilano.com/

November 29, 2024by david.taylor@colliers.com
Apartment, Rental, Retail

Robson Street Site to be Redeveloped for Two Rental Towers with 393 Units, Retail

GWL Realty Advisors Inc. has applied to the City of Vancouver for permission to redevelop the 264 ft. of frontage that they own in the 1500 Block of Robson Street at 1525-1555 Robson, at the corner of Cardero Street.

The site is an assembly of two separate site acquisitions, with the latter of the two at 1555 Robson acquired in April 2024 out of foreclosure, for $58 Million.

The plan for the combined site is two rental towers, 29-storeys and 28-storeys, with retail uses at grade. Details include:

  • 393 market rental units;
  • 40,000 SF of retail space on two levels (1.2 FSR);
  • a total density of 9.625 FSR;
  • four levels of underground parking with 251 parking stalls.

The application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

The architect for the project is Arcadis.

November 14, 2024by david.taylor@colliers.com
Apartment, Development, Hotel

29-Storey Hotel Proposed for West End Site

Marcon has submitted a rezoning application for 2030-2038 Barclay Street in the West End. The site is currently a 4-storey extended stay hotel property called Rosellen Suites.

The site was previously approved for a 10-storey, 19-unit condo project under the existing RM-5B zoning.

The new proposal is to allow for the development of a 29-storey hotel and long-term stay building and includes:

  • 292 units;
    • 65 short term stay rooms & 227 serviced apartments;
  • 2,800 SF of restaurant space;
  • a total density of 14.7 FSR; and
  • A building height of 329 ft.

The architect for the project is Henriquez Partners.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2030-2038-barclay-st

November 4, 2024by david.taylor@colliers.com
Page 17 of 219« First...10«16171819»203040...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