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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Apartment, Development, Retail

41 Rental Units Proposed for North Van Site

Jadasi Development has submitted a rezoning application for the Fountain Tire site at 880 West 15th Street in North Vancouver.

The 13,202 SF site is located mid-block in the 800-block of West 15th Street, between Fell Avenue
and Marine Drive and is designated Mixed Use Level 2 in the Official Community Plan. This designation allows for a mix of commercial and residential uses with a maximum density of 2.5 FSR and a maximum height of 6-storeys.

The proposal is for a new 5-storey rental building that includes:

  • 41 rental units;
    • 6 studios, 20 one-bedrooms, 10 two-bedrooms & 5 three-bedrooms;
  • 3,552 SF of retail space;
  • a total density of 2.50 FSR;
  • 32 parking spaces.

The architect for the project is Gateway Architecture.

April 17, 2023by david.taylor@colliers.com
Apartment, Land

Rize Alliance & Minto Acquire Oakridge Rental Site in $47M Deal

Rize Alliance & Minto have acquired a 5-lot land assembly on Heather Street in the Oakridge area of Vancouver for $47,300,000.

The 42,260 SF site is located on the East side of Heather Street between West 37th and West 39th Avenues. There is no publicly available rezoning application at this stage but the Cambie Corridor Plan designates the Property for an 18-storey rental tower.

April 2, 2023by david.taylor@colliers.com
Apartment, Condo, Development

Ledingham McAllister Unveils “Straford Wynd” Master Plan in Coquitlam

Ledingham McAllister has submitted their master plan application to the City of Coquitlam for “Stratford Wynd”, an 8.0 acre site in the City Centre area of Coquitlam. The site is currently occupied by a 113-unit rental townhouse development built in the early 1980’s.

The site is designated in the City Centre Area Plan as Medium Density Residential.

LedMac is proposing a medium density residential project with nine buildings in eight phases, including one highrise tower, and several midrise/lowrise buildings. Details include:

  • 1,113 total residential units;
  • 978 condos;
  • 135 rental units;
  • 57 space childcare centre;
  • 2.61 FAR total density;
  • an extension of Kensal Place to Inlet Street;
  • $25 Million in DCCs and CACs.

The architect for the project is IBI Group.

March 31, 2023by david.taylor@colliers.com
Apartment, Land

Kingsway Rental Development Site Sells for $5,500,000

A 9,000 SF mid-block rental development site at 1247 Kingsway has sold for $5,500,000. The site had been listed for sale for $7,998,000 since July 2022.

The site received DP approval for a 32-unit, 7-storey rental building in May 2022. The site was rezoned under the City of Vancouver’s Rental 100 policy in 2021.

The $5,500,000 purchase price equates to $169/buildable SF. The site was originally acquired by the developer, Da Hua Investment Holdings, in 2017 for $5,000,000.

March 6, 2023by david.taylor@colliers.com
Development, Office, Retail

578-Room Hotel Planned for Pender & Richards Site

Marcon has submitted a rezoning application for a site at the Southwest corner of Pender and Richards Streets in Downtown Vancouver.

The site consists of three parcels, a 6-storey parkade at the corner, a 2-storey retail/office building, mid-block on West Pender street, and the Lumbermen’s Building, an 8-storey office and heritage building, to be retained in the new development.

The proposal is to allow for the development of a 32-storey hotel that includes:

  • 578 hotel rooms;
  • 20,000 SF of retail and restaurant space;
  • 44,132 sq. ft. of office space;
  • A total density of 22.81 FSR;
  • A building height of 318 ft.; and
  • 146 vehicle parking spaces and 91 bicycle parking spaces.

The application is being considered under the Downtown Official Development Plan) and Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is Henriquez Partners.

March 3, 2023by david.taylor@colliers.com
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11 May

District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews

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First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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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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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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