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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Development

Plans for Surrey’s Tallest Building, all 50 Storeys, Unveiled

Plans for Surrey’s tallest building, all 50 storeys, unveiled.

SURREY – Century Group unveiled plans for a 50-storey mixed-use hotel and residential project on Thursday that president Sean Hodgins says will be “the best address in Surrey.”

The project, called “3 Civic Plaza,” is a partnership between Century Group and Surrey City Development Corporation (SDCD) and will be located at the crossroads of City Parkway and 104th Avenue.

Read more: http://www.vancouversun.com/Plans+Surrey+tallest+building+storeys+unveiled/6746649/story.html#ixzz1xDbvTVpE
June 8, 2012by david.taylor@colliers.com
Development

Murray Hotel Site Slated for Redevelopment

Kenstone Properties is proposing a new project at 1155 Hornby Street in Downtown Vancouver. The project entails a 20-storey tower with 164 residential units, and the preservation of the Murray Hotel building through a heritage revitalization agreement. It is listed on the heritage register as a ‘B’ class heritage building. The project also involves the retention of 106 Single Room Accomodation units at 1119 Hornby. The total proposed density is 5.94 FSR. The site had been sold in 2007.

June 7, 2012by david.taylor@colliers.com
Development

For Sale – Prime Development Site – 275 Kingsway, Vancouver

Located on Kingsway in Mount Pleasant, this 16,348 square foot, C-3A zoned site is well positioned to take advantage of the tremendous momentum the Mount Pleasant area has experienced recently.  For more information please contact Ted Mildon or Matt Saunders.

June 6, 2012by david.taylor@colliers.com
Office

1493 Johnston Road, White Rock Sold

A 3-storey office and retail building located on Johnston Road in downtown White Rock has sold for $3,650,000. The building totals 10,550 SF, equating to $350 / SF, and is anchored by HSBC, who has a total of approximately 4,000 SF. The site area totals 8,520 SF. The property had been listed for sale by Dean Baumann of RE/Max at $3,995,000. Click here for a brochure.

June 6, 2012by david.taylor@colliers.com
Development

The Ridge on Arbutus To Be Redeveloped

Cressey has begun the development application process for The Ridge site on Arbutus Street at 16th Avenue.  Shown in the rendering above, the planned project would consist of five storeys, 52 dwelling units and 21,000 square feet of retail space, similar to the development of properties further North on Arbutus Street and much smaller scale than the upcoming Arbutus Village.  The project will preserve the iconic Ridge sign that has been on the site for decades as well as provide numerous amenities such as what is likely to become a grocery store and improved park space around the development.

June 5, 2012by david.taylor@colliers.com
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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.

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