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

12-Storey Tower Proposed for Main & 2nd

Aquilini Group has applied to rezone a 33,746 SF site at the Southwest corner of West 2nd and Main Street known most commonly as the Maynards building. The plan calls for a rezone from IC-2  District to CD-1 to permit a 12-storey mixed-use building that includes:

    • 223 units;
    • 30 secured non-market rental units;
    • 13,000 SF of ground floor retail
    • artist production space of approximately 3,500 SF
    • a density of 5.50 FSR;
    • 297 underground parking spaces.

The design of the project is intended to meet the guidelines of the Mount Pleasant Community Plan.

The site was assembled over several years between 2008 and 2012.

1847 Main 1847 Main_2 1847 Main_3 1847 Main_4

February 12, 2015by 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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