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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Apartment, Development, Rental, Retail

34-Storey Rental Tower Planned for Broadway & Granville

Gracorp has submitted a rezoning application for a site at 1470-1476 West Broadway, on the South side of Broadway just East of Granville.

The proposal for the 15,633 SF site is to allow for the development of a 34-storey rental tower that includes:

  • 300 rental units;
  • 20% below-market;
  • 2,500 SF of retail space;
  • a secondary Broadway Subway station entrance for South Granville station;
  • a total density of 13.0 FSR;
  • A building height of 391 ft.

This application is being considered under the Broadway Plan. The application requests consideration of additional density and for a reduction in the minimum job space requirements.

The architect for the project is MCMP Architects.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/1470-1476-w-broadway

July 26, 2024by david.taylor@colliers.com
Apartment, Development, Rental, Retail

20-Storey, 185-Unit Rental Tower Planned for Kits Site

Millenium Development has submitted a rezoning application for a new rental tower proposal at 2170 West 1st Avenue, near the corner of Yew Street in the Kitsilano area of the Broadway Plan.

The 21,000 SF site is located in the Kitsilano North – Area B (KKNB) policy area of the Broadway Plan.

The proposal calls for a 20-storey rental tower with a 4-storey podium and includes:

  • 185 rental units;
  • 20% below market;
  • 6,300 SF of commercial space;
  • A total density of 6.80 FSR;
  • A building height of 212 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Chris Dikeakos.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2158-2170-w-1-ave

July 18, 2024by david.taylor@colliers.com
Apartment, Development, Rental, Retail

17-Storey Rental Building Near 12th & Main Latest Broadway Plan Application

A rezoning application has been submitted by Prospero & Five Mile Holdings for a site at 245 East 12th Avenue in the Mount Pleasant area.

The 16,000 SF site is located in the ‘Mount Pleasant South Apartment Area – Area ‘A’ [MSAA] subarea of the Broadway Plan.

The proposal is to allow for the development of an 17-storey rental building with a three-storey podium and includes:

  • 146 rental units;
  • 20% below-market;
  • 4,400 SF of retail space on the ground floor;
  • A total density of 6.79 FSR; and
  • A building height of 181 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

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

38-Storey, 408 Unit Rental Project Pitched for Joyce Collingwood Site

Sightline Properties has submitted a rezoning application for a site at 4975-4997 Joyce Street in the Joyce Collingwood area of East Vancouver.

The 13,859 SF site is located on the West side of Joyce Street half a block from the Skytrain Station.

The proposal is for a 38-storey rental tower that includes:

  • 408 market rental units with 10% below-market rental;
  • 3,700 SF of ground floor retail space;
  • a total density of 18.89 FSR;
  • A building height of 384 ft. with additional height for rooftop amenity space.

This application is being considered under the Joyce-Collingwood Station Precinct Plan. The application requests consideration of height and density in excess of the existing policy.

The architect for the project is Ciccozzi Architecture.

July 5, 2024by david.taylor@colliers.com
Apartment, Development, Rental, Retail

23-Storey Rental Tower Slated for Kitsilano Broadway Plan Site

A rezoning application has been submitted by Hollybush Holdings for a site in the Kitsilano area of the Broadway Plan at 2180 West 6th Avenue, between Yew and Arbutus Streets. The property is currently improved with a 1968 era walkup apartment building with 31 units.

The site is located in the Kitsilano North (KKNA) subarea of the Broadway Plan.

The proposal is to allow for the development of a 23-storey rental building with a 4-storey podium and includes:

  • 159 rental units w/ 20% below-market rental units;
  • A 37-space childcare facility;
  • 1,800 SF of retail space;
  • A total density of 7.1 FSR; and
  • A building height of 245 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Francl Architecture.

July 5, 2024by 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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