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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Apartment, Development, Retail

Edgemont Village Chevron Site Proposed for 4-Storey Development

Kevington Building Corp. has submitted a rezoning application for the Chevron site at 3150 Edgemont Boulevard in the Edgemont Village area of North Vancouver.

The 12,000 SF site was acquired by Kevington for $5,900,000 as part of a portfolio of gas stations sold by Parkland Corporation, through Colliers, in 2024.

The preliminary plan for the site includes a 4-storey building with:

  • 33 residential units;
  • 6,400 SF of commercial space;
  • an underground parkade with 39 stalls.
  • a total density of 3.29 FAR.
November 7, 2025by david.taylor@colliers.com
Apartment, Development, Retail

Two Tower Project Slated for Burquitlam Area

Marcon and Kevington Building Corp. have jointly filed an application to consolidate and rezone a group of lots located at 559, 567, 571, 577 and 581 Clarke Road from CS-l Service Commercial and CS-2 Limited Commercial to C-7 Transit Village Commercial to allow a new highrise condo and rental residential development. The combined site is 76,922 SF in size.

The proposal is being made under the policies in the Burquitlam Neighbourhood Plan and envisions development of transit-oriented and supportive residential density in close proximity to the Burquitlam Evergreen Line Station, which is across the street.

The development proposal includes:

  • a 49-storey condo tower with 364 units
  • a 15-storey rental tower with 101 units
  • commercial retail units fronting Clarke Road
  • total combined density of 5.43 FSR
  • underground parking accessed from the lane
  • 620 total parking spaces
  • a $576,914 CAC + $6.9 Million in contributions to public amenities

559-clarke 559-clarke_1 559-clarke_2 559-clarke_3

The site will be resubdivided into two fee simple parcels; one for the market tower and the other for the rental building. The application also involves transferring the density from 559 Clarke Road to the market tower portion of the project. Formerly the location of the Burquitlam Animal Hospital, Marcon has acquired this site to help facilitate a full two-way intersection at Clarke Road and the narrow street that runs behind the development. This will increase the extent of full two-way traffic through the narrow street This street will be fully constructed and complete when the adjoining parcel at 565 Clarke Road redevelops.

The architect for the project is GBL Architects.

November 5, 2016by david.taylor@colliers.com
Development, Office, Retail

3-Storey Building Planned for Edgemont Village, North Vancouver

Kevington Building Corp. is seeking approval from the District of North Vancouver today to build a 3-storey commercial and office building at 3053-3059 Edgemont Boulevard, at the corner of Queens Road. The project, named Edgemont Commons, is on the site currently built as a strip retail plaza occupied by North Shore Credit Union. NCSU will be the anchor tenant in the new development. Three more retail units are proposed on the ground floor and twelve office units are proposed for the second and third storeys. Vehicle access will be provided via the rear lane west of the property. 46 parking stalls in two levels of underground parking are proposed.

 

The total building height to the top of the roof is 44.5 feet in compliance with the CD-65 zone.

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

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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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