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

Construction Update: Vancouver Centre II

The 33-storey, 371,000 sq ft. Vancouver Centre II tower at 753 Seymour St. is now topped out and nearing completion. The building is reportedly 52% pre-leased.

Image courtesy Mcminsen: https://imageshack.com/i/pmXOoumgj
Image courtesy Mcminsen: https://imageshack.com/i/popGS8P7j
Image courtesy Mcminsen: https://imageshack.com/i/poII88bpj
Image courtsey Mcminsen: https://imageshack.com/i/pmvguGMbj
September 12, 2021by david.taylor@colliers.com
Apartment, Condo, Development

Rental & Condo Units Proposed for Oak & 57th Site

A preliminary rezoning application has been submitted for the former Salvation Army Homestead site on Oak Street, just North of West 57th Avenue.

The preliminary rezoning proposal calls for the development of a 20-storey condo building a 6-storey rental apartment building. Details include:

  • 163 condo units;
  • 13 studios, 91 one-bedrooms, 42 two-bedrooms & 17 three-bedrooms;
  • 52 market rental units;
  • 4 studios, 30 one-bedrooms, 13 two-bedrooms & 5 three-bedrooms;
  • a 37-space city owned daycare;
  • a total density of 3.18 FSR;
  • 213 total parking stalls.

The rezoning is under the Cambie Corridor Plan “Unique Sites” policy.

The architect for the project is GBL Architects.

September 10, 2021by david.taylor@colliers.com
Condo, Development, Retail

FOR SALE: Fraser & 17th Development Site

We are pleased to introduce for sale this 9,653 SF, C-2 zoned lot at the corner of Fraser Street and East 17th in East Vancouver.

The site has existing plans for a 4-storey condo and retail project.

Please click here for further details and to access a brochure.

September 10, 2021by david.taylor@colliers.com
Development, Office, Retail

12-Storey Office Building Pitched for West 10th Ave Site

A rezoning application has been submitted for a 12,516 sq ft midblock site at 855-865 West 10th Avenue, directly across from Vancouver General Hospital. The site is currently improved with two older 3-storey commercial buildings between the Mary Pack Arthritis Centre and the VGH Skin Care Centre.

The proposal is to allow for the development of a 12-storey office building that includes:

  • 76,600 sq ft of office space;
  • A density of 6.12 FSR;
  • A building height of 156 ft;
  • Retail space at grade;
  • 82 underground vehicle parking spaces and 60 bicycle spaces.

The application is being considered under the Metro Core Jobs and Economy Land Use Plan(External link).

The architect for the project is WT Leung Architects.

September 9, 2021by david.taylor@colliers.com
Apartment, Development, Office, Retail

PCI Unveils Revised Plan for Broadway & Granville

PCI Group have submitted their formal proposal to the City of Vancouver for their site at the Northeast corner of Broadway and Granville.

The proposal calls for the development of a 39-storey, mixed-use building above the South Granville SkyTrain Station. The zoning would change from C-3A (Commercial) District to CD-1 (Comprehensive Development) District. The proposal includes:

  • 223 rental units, with 20% at below market rates
  • 31,000 sq ft retail space on the first and second storeys, including a grocery store;
  • 100,000 sq ft of office space within the 5-storey podium;
  • Rooftop amenity space for residential and office access;
  • A total density of 12.16 FSR;
  • A building height of 410 ft.;
  • 285 vehicle parking spaces and 507 bicycle spaces.

The application is being considered under the Metro Core Jobs and Economy Land Use Plan.

The architect for the project is Musson Cattel Mackey.

September 9, 2021by david.taylor@colliers.com
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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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