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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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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Development, Office

Bosa Planning 26-Storey Tower in Prominent Downtown Location

Bosa Properties has submitted an application to amend the existing CD-1 zoning for 1575 West Georgia to permit a 26-storey tower on the site, currently a 3-storey office building. The plan is for:

  • a 26-storey residential tower
  • a density of 10.83 FSR;
  • a total of 184 residential units;
  • ground-level commercial space;
  • three floors of office space;
  • seven levels of underground parking;
  • a total height of 265 ft.

1575 West Georgia 1575 West Georgia_2

 

 

 

1575_Site Plan

 

August 19, 2014by david.taylor@colliers.com
Apartment, Development

Another Little Mountain Project Proposed

An application has been made to rezone a 23,347 SF site consisting of an assembly of single family lots at 126-168 East 35th Avenue from RS-1 to CD-1. The proposal, being made under the Little Mountain Adjacent Area Rezoning Policy, is for a 6-storey apartment building and a 1-storey building along the lane that includes:

    • 48 residential units;
    • a density of 2.3 FAR;
    • 60 underground parking spaces

126 East 35th Ave 126-168 East 35th Avenue_

August 18, 2014by david.taylor@colliers.com
Development, Office

Construction Update: MNP Tower

MNP Tower Construction, August 15th, 2014

MNP Tower Construction, August 15th, 2014

August 15, 2014by david.taylor@colliers.com
Development

69-unit Building Proposed for Main and 4th

Bonnis Properties has submitted a rezoning application to the City of Vancouver to rezone a 17,433 SF site it assembled earlier this year at 1965-1981 Main Street. The plan is to rezone from IC-2 to CD-1 under the Mount Pleasant Community Plan for the purpose of developing a 6-storey mixed-used building. The proposal includes:

    • a total density of 3.0 FSR;
    • 69 residential units, including two artist studios;
    • ground-level commercial space; and
    • two levels of underground parking
Main Street View

Main Street View

Site Map

Site Map

The site was acquired in 2013-2014 for a total of $9,690,000, or $185 per buildable SF.

August 15, 2014by david.taylor@colliers.com
Development, Investment, Office

Bosa Completes Acquisition of 1500 West Georgia

After months of speculation about a potential sale, Morguard has officially completed the sale of 1500 West Georgia Street to Bosa Properties (1500 Holdco) Inc. for a reported $120,500,000.

The 193,000 SF A Class office building sits on a very valuable and partially underutilized 43,320 SF, full-block site at the Southeast corner of West Georgia and Cardero and has been a landmark in Vancouver since it was built in the late 1970’s.

Any future redevelopment plans of the plaza area are not known at this time.

Aerial View of 1500 West Georgia

Aerial View of 1500 West Georgia

August 14, 2014by david.taylor@colliers.com
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Hotel development planned for site of Troll's Restaurant in Horseshoe Bay

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District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews

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

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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

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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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