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, Rental

Cressey Planning 280 Rental & Social Housing Units at Commercial & Pender

Cressey has submitted a rezoning application for a site at the Northwest corner of Commercial Drive and East Pender Street in the Grandview Woodlands area of East Vancouver for a new residential development. The project is a partnership with the Kettle Society.

The 25,000 SF site is currently zoned MC-1 Industrial and is occupied by two older lowrise commercial buildings.

The proposal is for a 22-storey rental tower and 6-storey social housing lowrise and includes:

  • 239 market rental units;
  • 41 social housing units;
  • a new drop in centre for Kettle Society (currently at 1725 Venables)
  • a total density of 7.90 FSR.

The application is being considered under the Grandview-Woodland Community Plan.

The architect for the project is DYS Architecture.

October 20, 2025by 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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