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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Apartment, Development

Bosa Submits Revised Rental Plan for West End Towers

Bosa Properties has submitted new rezoning applications for two tower sites they own in the West End that had previously been envisioned for condos & social housing in 2017. With a slowdown in the condo market in 2018-2019, the projects were put on hold.

The sites are located at the Northeast and Southeast corners of Harwood Street and Thurlow Street.

The former development proposals sought 191 condos and 59 social housing units spread between the two sites, or 75% market condos with 25% social housing; however, a City of Vancouver policy change in November 2020 allowed a switch to rental housing with below-market rental in place of social housing.

The proposal for the two site is two 34-storey residential towers and includes:

  • 575 rental units (with 462 market rental units and 113 below-market rental units)
  • A gross density of 13.1 FSR for both sites;
  • Building heights of 316 ft.;
  • Seven levels of underground parking with 151 vehicle parking spaces, 11 accessible spaces, 534 Class A bicycle parking spaces and 15 Class B bicycle parking spaces.

The application is being considered under the Criteria for 100% Secured Rental and Below-Market Housing as an Alternative to Inclusionary Social Housing in the Burrard Corridor, Rezoning Policy for the West End,and the West End Community Plan.

The architect for the project is Henriquez Partners Architects.

April 14, 2021by david.taylor@colliers.com
Development

Details Emerge for BlueSky’s Two Tower West End Project

BlueSky Properties has submitted their formal rezoning applications for two linked sites across the street from each other on the East side of Thurlow Street on Harwood.

The two towers would be 32 and 33-storeys respectively, comprise a total of 300 units and would be rezoned from the current RM-5A zoning to a CD zoning per the West End Community Plan, which allows for 300 ft. towers between Thurlow and Burrard.

1065 Harwood

Details for each site include:

1065 Harwood Street and 1332 Thurlow Street (North Site)

The proposal is for a 33-storey residential building including:

    • 59 market residential units on floors 18-33;
    • 98 social housing units on floors 2-18;
    • 64 one-bedrooms, 30 two-bedrooms and 49 three-bedrooms;
    • a total density of 10.46 FSR;
    • five levels of underground parking with 157 vehicle parking stalls and 197 bicycle parking spaces; and
    • a building height of 300 ft.

1066 & 1078 Harwood Street (South Site)

The proposal for the South site is for a 32-storey residential building with:

    • 143 market residential units;
    • 64 one-bedrooms, 30 two-bedrooms and 49 three-bedrooms;
    • a total density of 10.11 FSR;
    • six levels of underground parking with 236 vehicle parking stalls and 180 bicycle parking spaces; and
    • a building height of 300 ft.

1065 Harwood_6 1065 Harwood_5 1065 Harwood_4 1065 Harwood_3 1065 Harwood_2 1065 Harwood_1The architect for the project is Henriquez Partners.

September 20, 2017by 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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