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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Development, Retail

16-Unit Building Planned for West 17th & Heather

GBL Architects Inc. has applied to the City of Vancouver for permission to develop an 11,484 SF, C-2 zoned site at the corner of West 17th Avenue and Heather Street. The site is currently improved with a 3-storey walkup apartment building with ground floor retail.

Basic plan details consist of a 4-storey mixed use building with:

    • one level of Retail and four levels of Residential
    • 16 units
    • 10 two-bedrooms and 6 three-bedrooms
    • total density of 2.44 FSR
    • 2 levels of underground parking, having vehicular access from the lane.

711-west-17th_2711-west-17th711-west-17th_1Under 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 site was listed for sale in early 2016 and sold to a numbered company for $9,100,000, or $325 per buildable SF.

December 9, 2016by david.taylor@colliers.com
Apartment, Development, Retail

Rental Building Planned for Downtown Eastside Parking Lot

Plans have emerged for a site owned by Holborn Group at the Northeast corner of Abbott Street and Hastings Street near Victory Square and across the street from Woodwards. The site has long been unimproved and used a surface parking lot. The lot is 99′ x 132′ and is currently zoned DD.

Holborn has now submitted a rezoning application for a 10-storey mixed-use building with:

  • 132 rental units
  • 83 studio units, 4 one-bedrooms and 45 two-bedrooms
  • 5,494 SF of commercial space on the ground floor
  • a total density of 7.62 FSR
  • 74 vehicle parking spaces on one level of underground parking
  • 167 bicycle parking spaces
  • a building height of 105 ft.

95-w-hastings95-w-hastings_195-w-hastings_395-w-hastings_2


The application describes the design rationale:

“Our key place making and built form strategies reinforce the prevailing context through contemporary architectural expression, recognizing and strengthening the historic form and scale with an emphasis on appropriate frontage and modulating heights that provide a transitional scale from the Paris Block to Woodward’s. The residential entry is on Abbott
Street.
The Hastings Street massing provides varying material treatments approximating the historic lot sizes, with no continuous elevation treatment greater than 75 feet. The contextual fit of the building is based on an analysis and reinterpretation of the historic building typologies in the area. The east 7 storey segment of the Hastings Street elevation aligns with the Paris Block 2 lots over, while the west 8 storey segment aligns with the historic Woodward’s façade across Abbott Street. Levels 8-10 of the east segment are set back 8 feet from the street, while levels 9 and 10 of the west segment are recessed one foot from the lower façade.
The Abbott Street facade has the same materiality and setback at levels 9 and 10 as the Hasting Street façade; however, there is no vertical saw tooth as this is a minor street. The retail facades on both Hastings an d Abbott Street are articulated i nto small bays. In order to not encroach upon existing mature trees on Abbott and Hastings Streets, we have provided a 5’ wide canopy on both Abbott and Hastings Streets major facades.”

The architect for the project is Gair Williamson.
December 2, 2016by david.taylor@colliers.com
Development, Retail

55-Unit Project Planned for Lower Lonsdale

Anthem Properties is seeking approval at City of North Vancouver council for a Development Application for a mixed use development at 177 West 3rd Street, a former gas station and car wash that has been sitting vacant for several years due to remediation work. The site is located on the Southeast corner of 3rd Street and Chesterfield, just West of Lonsdale.

The proposed new development includes a 5-storey concrete condo building, including:

  • 55 condo units
  • 10,000 SF of ground floor retail space
  • a total density of 2.68 FSR
  • total building height of 52.50 ft
  • one and a half levels of underground parking with 74 total stalls
  • a CAC of $2,383,720, equivalent to $30 per SF

The site is located in an area designated in the OCP as Mixed Use Level 3, which permits 2.30 FSR density with provision for a bonus density of an additional 0.50 FSR that may be granted at council discretion.

177-west-3rd177-west-3rd_2 177-west-3rd_1

 

November 14, 2016by david.taylor@colliers.com
Apartment, Development, Retail

Two Tower Project Slated for Burquitlam Area

Marcon and Kevington Building Corp. have jointly filed an application to consolidate and rezone a group of lots located at 559, 567, 571, 577 and 581 Clarke Road from CS-l Service Commercial and CS-2 Limited Commercial to C-7 Transit Village Commercial to allow a new highrise condo and rental residential development. The combined site is 76,922 SF in size.

The proposal is being made under the policies in the Burquitlam Neighbourhood Plan and envisions development of transit-oriented and supportive residential density in close proximity to the Burquitlam Evergreen Line Station, which is across the street.

The development proposal includes:

  • a 49-storey condo tower with 364 units
  • a 15-storey rental tower with 101 units
  • commercial retail units fronting Clarke Road
  • total combined density of 5.43 FSR
  • underground parking accessed from the lane
  • 620 total parking spaces
  • a $576,914 CAC + $6.9 Million in contributions to public amenities

559-clarke 559-clarke_1 559-clarke_2 559-clarke_3

The site will be resubdivided into two fee simple parcels; one for the market tower and the other for the rental building. The application also involves transferring the density from 559 Clarke Road to the market tower portion of the project. Formerly the location of the Burquitlam Animal Hospital, Marcon has acquired this site to help facilitate a full two-way intersection at Clarke Road and the narrow street that runs behind the development. This will increase the extent of full two-way traffic through the narrow street This street will be fully constructed and complete when the adjoining parcel at 565 Clarke Road redevelops.

The architect for the project is GBL Architects.

November 5, 2016by david.taylor@colliers.com
Apartment, Development, Office, Retail

Rezoning Plans Unveiled for Downtown Canada Post

Bentall Kennedy has submitted their formal application for rezoning of the Downtown Canada Post site. The 2.98 acre site comprises a full city block at 349 West Georgia Street formerly occupied by Canada Post and bought by bcIMC in 2013 for $159 Million.

The proposed redevelopment is interesting in that it contemplates retaining the existing Post Office building and adding two residential towers and one office tower above with parking uses above grade in the podium.

Details include:

  • Retention of heritage building and its conversion into a seven-storey podium containing retail along all street frontages, rental housing, office, and parking
  • Adding three towers above podium, including 17 storeys of office, and 18 and 20 storeys of residential
  • 427 rental apartments, 372 condo units
  • 512,000 SF of office space
  • 274,000 SF of retail space
  • An overall density of 12.9 FSR
  • Tower heights of 150 – 222 feet
  • Six levels of parking with 1,474 parking spaces & 1,168 bicycle spaces
  • A 49-space childcare facility

The site’s primary constraint is the view cones which limit the building heights.

349-w-georgia 349-w-georgia_1 349-w-georgia_2 349-w-georgia_3 349-w-georgia_4

 

November 3, 2016by david.taylor@colliers.com
Page 70 of 97« First...102030«69707172»8090...Last »

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

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

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
16 Apr

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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

Reply on Twitter 2042378406193738120 Retweet on Twitter 2042378406193738120 Like on Twitter 2042378406193738120 1 X 2042378406193738120
Load More

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