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.
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
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.
Home
Listings & Sales
About
Subscribe
Metro Vancouver Commercial Real Estate Market Data
  • Home
  • Listings & Sales
  • About
  • Subscribe
  • Metro Vancouver Commercial Real Estate Market Data
Apartment, Condo, Development

Condo & Non-Market Rental Project Planned for Metrotown Site

Qualex Landmark has applied to the City of Burnaby for permission to rezone the site they own at 4275 Grange to allow a 31-storey high-rise condo building, and a 5-storey non-market rental apartment building.

The site, currently a 53-unit strata building, was sold by Casey Weeks and Morgan Iannone of Colliers in January 2019, and the site area is 45,661 SF.

The Metro Downtown Plan designates the site RM4s and RM4r. In accordance with the City’s Rental Use Zoning Polic the project is required to provide rental units equivalent to 20% of the proposed strata units. The required rental units are to be set at 20% below CMHC median rents.

Details of the proposed development include:

  • 274 condo units;
  • 26 studios, 122 one-bedrooms, 97 two-bedroom & 2 three-bedrooms;
  • 32 non-market rentals;
  • 21 two-bedrooms & 11 three-bedrooms;
  • 294 parking spaces;
  • a total density of 5.13 FAR.

The architect for the project is RWA Architects.

July 24, 2020by david.taylor@colliers.com
Condo, Development

40-Unit Condo Building Slated for New West Site

Applications have been submitted to the City of New Westminster in order to rezone a site at 909-915 Twelfth Street, at the corner of Twelfth and London Streets at the edge of the Moody Park Neighbourhood. The 13,000 SF combined site is currently older single storey commercial buildings.

The proposal for the site is a 5-storey condo building that includes:

  • 40 condo units;
  • 2 studios, 14 one-bedrooms, 18 two-bedrooms & 6 three-bedrooms;
  • a total density of 2.50 FAR;
  • a building height of 64 ft.;
  • 61 underground parking spaces.
  • purchase of a portion of the City-owned lane.

The architect for the project is Vivid Green Architecture.

The site was assembled in 2017 for $4,460,000 or $136 per buildable SF based on the application.

July 12, 2020by david.taylor@colliers.com
Condo, Office, Retail

Mixed-Use Development Pitched for 4 Acre Richmond Site

Thind Properties has applied to the City of Richmond for permission to rezone a 3.9 acre site at 5740, 5760, and 5800 Minoru Boulevard, in the Lansdowne Village area of Richmond.

Thind acquired the site in 2018 for $60,000,000.

The proposed concept for the site was first unveiled in late 2019. The formal application now confirms a high-rise, high density, mixed use development to replace the existing older commercial/industrial buildings on site.

The project comprises a 12-storey office tower and three residential towers.

Details include:

  • 429 residential units;
  • 341 condos and 88 affordable housing units;
  • 162,000 SF of office space;
  • 25,000 SF of retail space;
  • a total gross density of 3.20 FAR;
  • 632 parking spaces.

Prior to rezoning adoption, legal agreements will be registered on title to limit subdivision by air space parcel or strata-title on a floor-by-floor basis (to ensure the development provides for flexible, large floorplate office spaces).

The architect for the project is IBI Group.

July 9, 2020by david.taylor@colliers.com
Condo, Development

Polygon Planning 278 Units for Coquitlam Site

Polygon has submitted a rezoning application for a 2.8 acre site in the Burquitlam area of Coquitlam. The site is currently an assembly of 18 single family homes that are zoned RS-1 and RS-3.

The overall development would be divided into two sites that would be developed under two separate partnerships. The two sites are entitled ‘Cardinal’ and ‘Burquitlam East’. The two sites would include a total of three 6-storey buildings.

Details of the overall proposal include:

  • 278 condo units;
  • a total density of 2.3 FAR;
  • 207 underground parking stalls in the first phase (Cardinal);
  • $1,981,000 in DCC’s from Cardinal, $746,000 in CACs overall.

The architect for the project is Integra Architecture.

July 3, 2020by david.taylor@colliers.com
Condo, Development, Retail

Marcon Planning 242 Condo Units for Port Moody Site

Marcon has submitted a preliminary rezoning application for the site of the former Barnet Hotel at 2025 St. Johns Street in Port Moody.

Marcon acquired the site in 2019 for $18,800,000, or $97 per buildable SF.

The 97,059 SF site is now vacant and zoned C5. The OCP designates the site as ‘Mixed Use – Moody Centre’, which permits commercial and residential development ranging up to six storeys in height.

The proposal for the site is two 6-storey condo buildings, and includes:

  • 242 units;
  • 119 studios, 49 one-bedrooms, 70 two-bedrooms, 4 three-bedrooms;
  • 7,900 SF of commercial space at the Northeast corner of the site;
  • a total density of 2.23 FAR;
  • 322 parking spaces;
  • 9,000 SF of common amenity space.

The project describes the design rationale: “Given the gateway location of the site, the project seeks to elevate the architectural expression of the development in order create a memorable western entry into Port Moody center. This memory is firmly established by the interplay of multiple colourful glazed guards that populate the north and east facades of the project. These colourful panels, change with the day as the capture, reflect or cast coloured light onto the immediate surroundings.

Upper residential levels of the development sit upon a well-defined commercial base which is located at the intersection of Albert and St. John’s Streets. The commercial base is rendered in masonry which contrasts the corrugated metal cladding of the upper residential levels. The extent of this commercial occupancy is limited by the slope of the site in both the north/south and east/west directions. A glazed canopy wraps the commercial frontage, serving to further define the base while providing cover for those accessing the three commercial units. The masonry base is extended the full length of the development on both the east and north elevations by utilizing brick for the landscape walls. The expression of a strong base for the development is further accentuated by recessing and darkening the lowest level of the northern building.”

The architect for the project is Shift Architecture.

June 12, 2020by david.taylor@colliers.com
Page 12 of 27« First...10«11121314»20...Last »

Search the Site

Vancouver Market Follow

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

vancouvermrkt
Retweet on Twitter Vancouver Market Retweeted
globeandmail The Globe and Mail @globeandmail ·
16 Apr

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

Reply on Twitter 2044762643806949766 Retweet on Twitter 2044762643806949766 3 Like on Twitter 2044762643806949766 4 X 2044762643806949766
Retweet on Twitter Vancouver Market Retweeted
gravitasmsn MN @gravitasmsn ·
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

Reply on Twitter 2044768222269063276 Retweet on Twitter 2044768222269063276 1 Like on Twitter 2044768222269063276 1 X 2044768222269063276
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
16 Apr

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

Reply on Twitter 2044620858858274895 Retweet on Twitter 2044620858858274895 6 Like on Twitter 2044620858858274895 14 X 2044620858858274895
vancouvermrkt Vancouver Market @vancouvermrkt ·
9 Apr

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

Reply on Twitter 2042378406193738120 Retweet on Twitter 2042378406193738120 Like on Twitter 2042378406193738120 1 X 2042378406193738120
Load More

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