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, Rental

20-Storey Broadway Plan Proposal Includes Heritage Retention

Fiera Real Estate has submitted a rezoning application for 1375-1395 West 14th Avenue, Vancouver, B.C. in the South Granville area of the Broadway Plan.

The proposal is to allow for the development of a 20-storey rental building with heritage retention and includes:

  • 203 rental units (20% below market);
  • Retention of The Grange heritage building (Vancouver Heritage Register Category ‘C’);
  • a total density of 7.20 FSR;
  • A building height of 233 ft.

This application is being considered under the Broadway Plan.

The site includes a heritage building at 1395 W 14th Ave, and as such, the City’s Heritage Program and Heritage Policies apply. The application proposes retention of the street façades along Hemlock St and W 14th Ave; and, rehabilitation of the overall site and structure for what was originally built as The Grange (Vancouver Heritage Register Category ‘C’).

The architect for the project is SHAPE Architecture.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/1375-1395-w-14th-ave/application-booklet.pdf

August 28, 2024by david.taylor@colliers.com
Apartment, Development, Rental

Latest Broadway Plan Tower Application is for 18-Storey Tower at Yukon & 14th

A rezoning application has been submitted for an 18,563 SF, three lot land assembly at the Southwest corner of Yukon & West 14th in the Cambie Village area of Vancouver.

The site is located in the Mount Pleasant RT Area (MRTB) of the Broadway Plan.

The proposal is to allow for the development of a 18-storey rental building and includes:

  • 134 units with 20% below-market;
  • a total density of 5.50 FSR;
  • A building height of 197 ft.

This application is being considered under the Broadway Plan.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/426-428-w-14-ave-and-3015-3027-yukon-st

The architect for the project is Stuart Howard Architects.

August 21, 2024by david.taylor@colliers.com
Development, Rental, Retail

6-Storey Mixed Use Building Planned for Port Moody Site

A rezoning and OCP amendment application have been submitted by Benedet Properties for a site at 2331-2335 St. Johns Street for a new 6-storey building including rental apartment units above retail.

The site consists of two lots at the southwest corner of St. Johns Street and Queens Street plus a portion of City land within the Queens Street right-of-way.

The proposal is to construct a 6-storey mixed-use commercial and residential building and a rooftop garden. The first two levels of the building would contain a Bosa Foods and a parkade for commercial use on the same ground level with a mezzanine and portion of residential parking stalls at the rear on the next floor. Due to the sloping nature of the site, the lowest commercial level
facing St. Johns Street is considered to be a “basement”.

Additional details include:

  • 48 market rental units;
    • 8 studios, 21 one-bedrooms, 12 two-bedrooms & 7 three-bedrooms;
  • 6,900 SF Bosa Foods Store;
  • a total density of 2.63 FSR;
  • a CAC payment of $161,627 ($2.88 per SF)

The architect for the project is Cornerstone Architecture.

August 14, 2024by david.taylor@colliers.com
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
Development, Rental

19-Storey Rental Tower Pitched for 11th and Birch Site in Broadway Plan

Another day, another Broadway Plan rental tower rezoning application!

This application is for an 18,742 SF site at 1270-1290 West 11th Avenue, at the Southeast corner of 11th and Birch in the South Granville area.

The proposal is a 19-storey rental building that includes:

  • 155 rental units;
  • 20% below-market;
  • 5,600 SF of retail space on the ground floor
  • a total density of 6.80 FSR;
  • A building height of 188 ft. 

This application is being considered under the Broadway Plan.

The architect for the project is Proscenium Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/1270-1290-w-11-ave

July 19, 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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