Vancouver Market - Chronicling Investment and Development Activity in Metro Vancouver
Apartment, Development

Apartments Proposed for Former Blockbuster on Oak St.

The owners of the former Blockbuster Video property at 3195 Oak Street are proposing to rezone it from C-2 to CD-1 District. The proposal is to rezone the property under the Rental 100 program for a 6-storey mixed-use building that includes:

    • 39 market rental units;
    • a density of 3.27 FSR;
    • commercial uses at grade; and
    • 44 at-grade and underground parking spaces

3195 Oak StreetMore information here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/3195oak/index.htm

January 22, 2014by david.taylor@colliers.com
Investment, Office

FOR SALE: 1638 West 3rd Avenue

1638 West 3rd Ave1638 West 3rd Avenue Brochure

January 21, 2014by david.taylor@colliers.com
Apartment, Investment

Vancouver Apartment Portfolio Sells for $51,000,000

A portfolio of five apartment buildings that was offered for sale in 2013 has sold to a private investor from China, now based in Vancouver. The 5-building, 193 unit portfolio of buildings in the West End and North Vancouver sold at a blended average cap rate of approx. 3.75%.

1380 JervisThe largest and most prominent building among the five assets, is Pacific Beach Apartments, a 56-unit concrete highrise located at Jervis and Beach Avenue. The building sold for $15,200,000, representing $272,000 per unit.

January 20, 2014by david.taylor@colliers.com
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