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.
  • About
  • Listings & Sales
  • Thinking of Selling?
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Development

Next Phase of Station Square Project Includes Metrotown’s Tallest Building

Development plans are going ahead for the 3rd and 4th phase of Station Square, a multi- phase mixed use development including five residential towers in Metrotown being developed by Anthem Properties in conjunction with the Beedie Group.

The rezoning for the project was granted back in 2012 at which time pre-sales commenced for the first phase, which included a 35-storey tower and 269 units. The first tower recieved occupancy in 2015. The second phase entailed two towers of 38 & 48 storeys, now under construction.

Plans for the 3rd and 4th phase, located along the Mackay Avenue frontage, total 758 new units, and includes:

Phase 3 Tower

  • 41-storey residential tower above a 3-storey podium
  • 461 ft tower height
  • residential, office and retail use
  • 334 residential units
  • 47,470 SF of commercial space
  • 612 parking spaces

Phase 4 Tower

  • 52-storey residential tower above a 3-storey podium (new tallest in Metrotown)
  • 565 ft tower height
  • residential, office and retail use
  • 424 residential units
  • 65,960 SF of commercial space
  • 627 parking spaces

station-square-rendering

http://www.vancouver-real-estate-direct.com/buzz/2012/07/burnaby-station-square-condos/

 

February 24, 2016by david.taylor@colliers.com
Development

Market Spotlight: Burnaby Rezonings

Below is a summary of current rezoning applications going before the City of Burnaby council:

First Phases of Southgate Village Ledingham McAllister is moving forward with the first phases of their 48-acre Southgate Village project, a massive multi-phase development in South Burnaby, for which a master plan was approved in July 2015. The first phase includes a development in conjunction with BC Housing which owns a site across the street from the Southgate property.

  • 7121 Fourteenth Avenue

This 6.82 acre site is owned by BC Housing and was not part of the original Southgate rezoning. The application describes how BC Housing became involved with Ledingham McAllister:

“As the master planning work for the Southgate Village site advanced, an opportunity to also address the Cedar Place site became apparent. Extensive discussions with the applicant, BC Housing, and the City has resulted in an innovative approach to replace existing Cedar Place housing with new units, and access the value in the site itself to generate additional seniors’ non-market housing units.”

Currently, the site is improved with an older low-rise multiple family development in poor condition. The plan is to replace the Cedar Place units within the Southgate site (application below) and to redevelop the Cedar Place site with new family oriented affordable housing.

  • 7201 11th Avenue

The plan for this first phase is to build a 4-5 storey non-market rental apartment building on a 54,774 SF lot at the corner of 14th Avenue and Fifteenth Street. The non-market is intended as the first step to replace 90 social housing units located in a BC Housing development across the street, which is also slated for redevelopment by Ledingham McAllister. The end-result is that there will be a 2:1 replacement of units.

6695 Dunblane & 4909-4971 Imperial Street

This rezoning application in Metrotown, on behalf of Transca Real Estate Development is for the potential construction of a 35-40 storey highrise residential tower with street-oriented townhouses fronting Dunblane Avenue and live/work units fronting Imperial Street. The rezoning involves the consolidation of two sites under the RM3 and RM5s designations, which would total 58,499 SF. The sites were acquired as part of a land assembly in 2014; they are currently improved with lowrise apartments built in the 50’s and 60s.

2285 Willingdon Avenue and 4455-4483 Juneau Street

The plan for this 74,502 SF site in the southern part of the Brentwood Town Centre area owned by Amacon calls for a highrise residential tower and ground-oriented townhouses fronting Juneau Street. The site is comprised of existing industrial buildings and is designated under the Brentwood Town Centre Plan as RM4s, which allows a density of 3.6 FAR.

6921-6965 Arcola Street

This rezoning application is for a 23,760 SF site in the Edmonds area of Burnaby. The proposal is for a 22-unit, 3-storey townhouse development with underground parking. The site is an assembly of six run-down single family lots which are designated RM3 under the Edmonds Town Centre Plan. The total density for the site is proposed to be 1.1 FAR, though the applicant Kingswood Real Estate Management, can achieve a bonus of an additional 0.4 FAR under the plan guidelines.

Further information on these projects and other Burnaby applications can be found here.

January 27, 2016by david.taylor@colliers.com
Development

Two More Towers for Brentwood Area

Millenium Developments is proposing a rezoning bylaw amendment to permit the construction of two condo towers in the Brentwood area of Burnaby. The site, located at 2630 Douglas Road, is south of Lougheed Highway near Holdom Station, in an area that is primarily still industrial uses.

The plan calls for two high-rise condo towers under the RM-5s and C1 guidelines, with some live/work units facing the street. Per the Brentwood Town Centre Development Plan, the maximum density would be 5.0 FAR. The parking would be located both above and below ground given soil conditions in the area.

2360 Douglas Rd

November 23, 2015by david.taylor@colliers.com
Development

27-Storey Condo Tower Planned for Metrotown

Amacon Development is planning to develop a tower on the Eastern edge of Metrotown in Burnaby. The 37,071 SF site is an assembly of four lots on Dunblane, Marlborough and Imperial Streets.  The site is currently improved with four older lowrise apartment buildings and has a high density RM-5s designation. The proposed project includes:

  • a 27-storey tower with townhouses on Marlborough and Imperial
  • 177 units
  • a total density of 4.88 FAR (172,717 SF)
  • 197 underground parking spaces
  • a CAC equivalent to $120 per buildable SF ($6,745,200)

6750 Dunblane

 

November 9, 2015by david.taylor@colliers.com
Development

Two More Towers Coming to Brentwood

In what has become one of the most rapidly densifying areas of Metro Vancouver, two more tower proposals are closer to reality in the Brentwood Town Centre area of Burnaby. Both projects were introduced previously but are now at first reading with the City of Burnaby.

1846-1904 Gilmore Avenue

1846 Gilmore_1This 58,234 SF site at the corner of Gilmore and Halifax was originally proposed for rezoning back in 2012, but the application was withdrawn. The current proposal includes:

 

  • a 46-storey condo tower
  • a 3-storey townhouse podium on Halifax
  • 340 units
  • a total density of 5.0 FAR
  • 408 underground parking spaces
  • outdoor swimming pool

2338-2440 Madison Avenue

2338 Madison_3Polygon Homes is proposing a new project entitled ‘Fulton House’ on an 80,967 SF site on Madison Avenue, South of Lougheed. The plan was originally for a 35-storey tower in 2014, but the revised proposal now includes:

 

  • a 41-storey condo tower
  • below and above-ground structured parking
  • 300 units
  • a total density of 3.6 FAR
  • 349 parking spaces

 

October 26, 2015by david.taylor@colliers.com
Page 18 of 34« First...10«17181920»30...Last »

Thinking of selling?

I track every commercial sale in Metro Vancouver. If you're wondering what your property is worth, I can give you an informed view.

Get an Opinion of Value

David Taylor · Colliers · 604-761-7044

Search the Site

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved