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

40-storey Tower Proposed for Downtown Site

Townline Homes has applied to the City of Vancouver to rezone the Quality Inn site at 1335 Howe Street from DD to CD-1 to permit a 40-storey residential building and includes:

      • a density of 11.2 FSR
      • 389 market condo units
      • a 378 ft. tower with a 7-storey podium (height limited by view cone)
      • 24,000 SF of transferred heritage density
      • Average 6,500 SF tower floorplate
      • a 37-space childcare facility
The site is 24,000 SF and is located mid-block, book-ended between two existing towers: an 18-storey with 7-storey podium building at 1379 Howe (The Executive Inn); and a 19-storey building with 7-storey podium building at 1311 Howe st. (Viva Tower).
The proposed project sits between two other active tower projects one block away: Vancouver House (59 storeys) and Tate (40 storeys).

Policies allowing rezoning include: Vancouver’s Downtown Capacity Review Study, Green Buildings Policy for Rezonings and the Downtown Official Development Plan.

The site made headlines in 2014 as it was announced that the building would be operated as temporary homeless housing. Information on the current shelter facility can be found here.

1331 Howe_1 1335 Howe 1335 Howe_2

February 18, 2015by david.taylor@colliers.com
Development

Quality Inn at 1335 Howe Street to be Redeveloped

1335 Howe Street

Intergulf Development Group in conjuction with the owners of the Quality Inn at 1335 Howe Street are proposing a 39 storey, 180 unit residential tower in Downtown South.  The architect for the project is Ramsay Worden.

A preliminary open house for the project was held on April 3 at the Quality Inn. 

Cue outrage from purchasers of suites in Maddox and Salt.

April 8, 2013by 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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