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

More Towers for Burquitlam

Two major developers will soon have proposals before Coquitlam city council to add to the massive growth now happening in a neighbourhood with a future Evergreen Line station.

Last week, more than 80 people were at an open house in Burquitlam hosted by Beedie Living, which plans to rezone its property west of the Como Lake Avenue and Clarke Road intersection for a 26-storey residential tower that would link in with the YWCA Como Lake Gardens facility.

33386tricity0131BeedieComo-Lake1

Houtan Rafii, Beedie’s vice president of residential development, told The Tri-City News the feedback was positive about its bid to build 180 homes plus seven townhouses and an amenity space for the YWCA to expand its affordable housing services to single mothers and their kids.

Beedie’s proposal, which has been formally submitted to city staff, would also include a multi-level parkade as well as a vehicle roundabout, close to the Evergreen station. Rafii said Beedie’s bid fits in with the city’s transit-oriented development and affordable housing strategies.

Read more: http://www.tricitynews.com/news/242827701.html

January 31, 2014by david.taylor@colliers.com
Development

Market Spotlight: 633 Main Street

Having been approved at a public hearing earlier this week, Blue Sky Properties’ 633 Main Street project is being closely monitored by many in the industry as a potential catalyst for the revitalization of Chinatown, along with a similar project by Westbank at 611 Main Street, and future projects to come, including a large site on Keefer Street that is currently on the market.
Model
Model
Rendering

Rendering
Rendering

633 Main Street will be a 16-storey building at the Northwest corner of Main and E Georgia Street. Retail uses are located at grade, with the intention of providing small-scale retail along Main Street and Georgia Street in keeping with the type of retail prevalent in Chinatown. The retail space provided on Georgia Street adjacent to the rear lane is expected to animate the rear of the property across from the plaza space on the Chinatown Parkade site. The remainder of the building is residential uses. A total of 188 condo units are proposed. The total density as approved is 8.82 FSR. A CAC was offered as part of the rezoning in the amount of $1,237,725 as a cash payment.

Photos courtesy: Built Form @ SSP
March 15, 2013by david.taylor@colliers.com
Development

Blue Sky Properties Planning 16-storey Tower for Chinatown Site

Blue Sky Properties has applied to the City of Vancouver to rezone 633 Main Street, at the Northwest corner of Main and Georgia, from HA-1A (Historic Area) District to CD-1 District. The proposal is for a 16-storey mixed-use building with ground-level commercial uses and 151 residential units. The proposal includes a density of 9.29 and a maximum height of 150 ft., and 158 parking spaces.

The site was sold to Blue Sky Properties in 2011 by Colliers. More information about the project can be found here.

May 10, 2012by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

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

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16 Apr

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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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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