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
Condo, Development, Retail

78-Unit Condo Building Proposed Near Langara College

A rezoning application has been submitted for an 7-lot land assembly at the Northwest corner of West 49th Avenue and Manitoba Street, across the street from Langara College.

The site, 203-263 West 49th Avenue, totals 37,496 SF and is currently zoned RS-1. It includes 319 ft. of frontage on West 49th.

The proposal consists of a new 4-storey mixed-use building over two levels of underground parking and includes:

  • 78 condo units;
    • 1 studio, 49 one-bedrooms, 20 two-bedrooms & 8 three-bedrooms;
  • 24,836 SF of retail space at grade (8 CRUs);
  • A building height of 57 ft.;
  • A total density of 2.50 FSR;
  • 143 parking spaces and 280 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is GBL Architects.

The site was assembled in 2017 for $26,760,000, or $286 per buildable SF based on the application.

October 9, 2019by david.taylor@colliers.com
Condo, Development, Retail

181 Units Proposed for Moodyville Site

A preliminary application has been submitted by Cascadia Green Development for a site at East 3rd Street and St. Davids Avenue in North Vancouver.

The site is located in the middle of the Moodyville area, comprised of the
“Neighbourhood Centre”, the “East 3rd Street Corridor”, and the “St. Patricks Transition” areas described in the Moodyville Development Permit Area Guidelines.

An Official Community Plan amendment to expand the Mixed-Use Level 2 designation, replacing Residential Level 2 and Residential Level 5.

Preliminary plans for the project, entitled “Lolo on 3rd” envisions two 6-storey buildings separated by a plaza. Details include:

  • 181 condo units;
  • 27,319 SF of retail space along East 3rd & the lane;
  • a 1,500 SF daycare.

The architect for the project is Integra Architecture.

October 3, 2019by david.taylor@colliers.com
Apartment, Condo, Development, Retail

539 Units, Two Towers Planned for Burquitlam Site

Townline Homes, in partnership with Quadreal, have submitted their application to the City of Coquitlam for the 1.6 acre site that they own at 675 North Road and 668 Whiting Way in the Burquitlam area. The site is located on the east side of North Road, and is bound by Whiting Way to the east, Shepherd Avenue to the south, and North Road to the west.

The site is currently improved with two older lowrise apartment buildings totaling 593 units. It is located in the Burquitlam-Lougheed Neighbourhood Plan and is designated Transit Village Commercial.

Detail of the proposal include:

  • a 45-storey condo tower & 18-storey rental tower;
  • 385 market condo units;
    • 214 one-bedrooms, 119 two-bedrooms & 52 three-bedrooms;
  • 154 rental units inclusive of 20 below-market rental units;
    • 27 studios, 58 one-bedrooms, 35 two-bedrooms & 14 three-bedrooms;
  • 17,700 SF of retail space (strata retail units);
  • 665 parking spaces;
  • 35,300 SF of common amenity space;
  • tower heights of 470 ft. and 200 ft.;
  • a total density of 6.0 FAR;
  • a new east/west pedestrian connection;
  • $16 Million in bonus density funds & $230,000 in CACs

The architect for the project is Dialog.

The site sold in 2018 for $46,000,000, or $108 per gross buildable SF.

September 27, 2019by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

Plan for East Broadway Safeway Site Includes Three Towers

Westbank has submitted their formal rezoning application for the Safeway site on East Broadway, just East of Commercial Drive.

The site at 1780 East Broadway totals 105,965 SF and is currently zoned C-3A, but was redesignated to allow a site-specific rezoning as part of the Grandview Woodland Community Plan.

The proposal consists of a mixed-use development with three residential towers (including strata, rental and social housing units), retail, office, a childcare facility, and a new public plaza.

Details include:

  • 680 total residential units;
    • 520 condos
    • 160 rental apartments;
  • a 53,000 SF Safeway store;
  • 20,000 SF of additional retail space;
  • 61,300 SF of office space;
  • a childcare facility;
  • 652 parking spaces;
  • unique “hanging gardens” in the interior courtyard;
  • a 20,000 SF public plaza running parallel to the SkyTrain station; and
  • a total combined density of 5.87 FSR.

The application is being considered under the Grandview-Woodland Community Plan.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/1780ebroadway/index.htm

The architect for the project is Perkins + Will.

September 25, 2019by david.taylor@colliers.com
Development, Office, Retail

Beedie Planning 5-Storey Office/Light Industrial Building near Canada Way

Beedie has submitted a rezoning application to the City of Burnaby for a two acre site at 3133 Sumner Avenue. The site is located between Canada Way and Highway 1, just East of Gilmore and across the street from the Grand Villa Casino.

The site is currently zoned M1 but the rezoning seeks a designation based on the M2 General Industrial District, M5 Light Industrial District and C1 Neighbourhood Commercial District. The site is in the OCP for “Business Centre Development”.

The site is currently improved with an older industrial building.

The rezoning plan is to permit the construction of a 5-storey light industrial and office building with a small retail component. Details include:

  • 111,779 SF of office space;
  • 58,488 SF manufacturing/industrial space;
  • 2,577 SF of retail space;
  • 495 parking spaces;
  • a total density of 1.98 FAR.

The development concept includes “extensive glazing and architectural character. The first two floors provide a number of flexible, high-volume, industrial spaces with some common amenities on the ground floor. A ground floor commercial/restaurant space is also proposed, which would provide a commercial amenity to the area. The top three floors provide for office spaces.”

The architect for the project is Taylor Kurtz.

September 15, 2019by david.taylor@colliers.com
Page 46 of 100« First...102030«45464748»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