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, Retail

6-Storey Building Planned for Granville & Drake Corner Lot

A development application has been submitted for the Northeast corner of Granville and Drake Streets in Downtown Vancouver. The corner has long been home to 7-Eleven.

The 50 foot (6,000 SF) corner lot was sold in February 2019 for $8,000,000. The zoning is DD.

The plan for redevelopment of the site is a 6-storey, mixed-use building that includes:

  • 29 residential units;
  • 24 one-bedrooms & 5 two-bedrooms;
  • 1,300 SF of retail space;
  • a total density of 3.50 FSR;
  • a building height of 70 ft.;
  • 3 at grade parking spaces having vehicular access from the rear lane.

The application describes the design rationale: “The proposal seeks to develop a single linear corner site to accommodate a stacked 6-storey building comprising of a single level of commercial use on the ground floor and five levels of residential units above. The building will be serviced by a single basement level housing bicycle parking, bulk-storage lockers, and service rooms.

As per the guidelines, there is zero building setback along the Granville and Drake Street sides, and a 15’ building setback along the lane edge. The main commercial space on the ground floor is located on the corner of Granville and Drake, allowing for continuous commercial continuity along Granville and a strong anchoring exposure to the corner of the street intersection. This commercial space is serviced by a Class B loading bay at the lane side, connected via a loading corridor that runs along the firewall edge of the building.


The residential entry is accessed off the quieter Drake Street side, providing clear visual identity away from the commercial corner. The five residential levels above house a total of 29 units consisting of junior one bedroom unit, regular one bedroom units, and larger two bedroom units. Each unit has access to a private balcony and a designated bulk-storage locker in the basement.”

The architect for the project is GBL Architects.

May 15, 2020by david.taylor@colliers.com
Apartment, Development, Retail

15-Storey Rental Tower Planned for West 41st Site

A rezoning application has been submitted by Bogner Development for a three-lot land assembly on West 41st Avenue at Columbia Street, two blocks East of Oakridge Centre.

The 22,643 SF site at 208-232 West 41st Avenue is currently zoned RS-1 and improved with three single family houses.

The proposal is for a 15-storey rental building including:

  • 156 market rental units;
  • 23 studios, 80 one-bedrooms, 42 two-bedrooms & 11 three-bedrooms;
  • 7,000 SF of retail space at grade;
  • amenity space on the rooftop;
  • a total density of 5.84 FSR;
  • a maximum building height of 169 ft.; and
  • 95 underground parking stalls and 290 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is GBL Architects.

May 15, 2020by david.taylor@colliers.com
Apartment, Development, Retail

103 Rental Units Slated for Kingsway Site

Rize Alliance has submitted a rezoning application for 810 Kingsway, a 24,800 SF site currently occupied by Sammy’s Flooring.

The proposal for the site is a 6-storey rental building under the City of Vancouver’s Secured Market Rental Housing (Rental 100) Policy.

Details include:

  • 103 market rental units;
  • 31 studios, 36 one-bedrooms, 29 two-bedrooms & 7 three-bedrooms;
  • 11,210 SF of retail space at grade;
  • a total density of 3.62 FSR;
  • a maximum height of 72 ft.; and
  • 92 underground parking stalls and 193 bike spaces.

The application describes the design rationale: “The C-2 guidelines have informed building stepbacks along Kingsway and rear-yard setbacks towards the lane. The intersection of Kingsway and Prince Albert Street is oblique, creating a flat iron condition. At this prominent corner, we are proposing a six story element that folds away from the Kingsway frontage, providing a visual landmark as well as space for a landscaped, publicly accessible plaza.
The grade of the site slopes steeply down from Kingsway south along Prince Albert Street. This grade change allows us to insert two-level townhouses fronting the lane without raising the building height relative to Kingsway. The five, three-bedroom, two-level townhouses along the lane provide valuable ground-oriented rental units suitable for families. These townhouses help to create a transition to the single-family homes to the south while providing animation and passive surveillance along the lane.
“

The architect for the project is Yamamoto Architecture.

April 28, 2020by david.taylor@colliers.com
Apartment, Development, Retail

Rental Building Slated for Vacant East Broadway Site

A development application has been submitted to the City of Vancouver for permission to restore and retain the front façade of a fire damaged heritage “C” Building at 748 East Broadway, between Fraser and Prince Albert Streets.

The building suffered a fire in 2014 that destroyed much of the structure.

The plan for the redevelopment is a new 4-story mixed use building consisting of:

  • 18 rental units;
    • 10 studios & 8 one-bedrooms;
  • 2,171 SF of retail space;
  • a total density of 2.98 FSR;
  • a proposed height of approximately 45 feet; and
  • two surface parking spaces, having vehicular access from the lane.

Under the C-2C zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is Stuart Howard.

April 23, 2020by david.taylor@colliers.com
Development, Retail

Victoria & 49th Corner Proposed for Mixed-use Project

A development application has been submitted for a C-2 zoned, 11,000 SF site at the Northwest corner of Victoria Drive and East 49th Avenue. The site is currently occupied by an older retail building with five units.

The proposal is to develop a new 4-storey mixed-use building containing retail use (main floor) and residential (2nd floor – 4th floor), with:

  • 26 residential units
    • unit sizes from 516 to 900 SF;
  • a total density of 2.50 FSR;
  • a building height of 46 ft.;
  • a total of 33 parking spaces having vehicular access from 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.

The architect for the project is Matthew Cheng Architect Inc.

April 23, 2020by david.taylor@colliers.com
Page 40 of 100« First...102030«39404142»506070...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