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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Condo, Development, Retail

Beedie Planning Transformative Port Moody Project

Beedie Living has submitted a rezoning and OCP Amendment application to the City of Port Moody for a 3.8 acres site in the Moody Centre area of Port Moody.

The overall plan, entitled “Spring Street” includes three condo towers at 3060-3092 Spring St. and 80-85 Electronic Avenue, just east of the Moody Centre SkyTrain station. The proposal anticipates a 6-storey non-market building targeted as a womens’ transition facility on a smaller site two blocks West at 2806 Spring Street.

Details of the combined proposal for the two sites includes:

  • Three condo towers (32, 34 & 38-storeys in height);
  • 1,012 residential units (inclusive of 65 non-market);
  • 46,484 SF of retail & restaurant space;
  • a total density of 5.26 FAR;
  • a large plaza on the site referred to as the “living room”
  • 1,199 parking stalls.

It is expected that the project will be built in two phases.

The architect for the project is Perkins&Will.

January 24, 2024by david.taylor@colliers.com
Development, Office, Retail

6-Storey Retail & Office Building Planned for Port Moody Site

A rezoning application has been submitted to the City of Port Moody for a 17,247 SF assembly of two single family lots on St. Johns Street to allow a new office building.

The site is designated Mixed Use – Moody Centre in the Official Community Plan, allowing for development up to 6-storeys.

The proposal for the site includes:

  • 24,014 SF of retail space on the lower 3 floors;
  • 19,041 SF of office space on the upper 3 floors;
  • 5,253 SF of restaurant space on the top 2 floors;
  • a total density of 3.48 FAR;
  • 103 parking spaces on 3 underground levels.

The architect for the project is Mara + Natha Architecture.

July 6, 2023by david.taylor@colliers.com
Apartment, Development

Mixed-Use Rental Project Slated for Port Moody Site

Anthem Properties has submitted a rezoning and development permit application for a 41,000 SF site at the Northwest corner of St. Johns and Moray Street in the Inlet Centre area of Port Moody.

The proposal involves the development of a mixed-use project containing rental units, an institutional component consisting of religious and educational uses.

The proposal includes:

  • 128 residential units consisting of:
    • 64 market rental units;
    • 64 below market rental units;
  • 45,818 SF Jamatkhana cultural facility;
  • a total density of 2.88 FAR;
  • 376 vehicle parking spaces for both residential and institutional uses, accessed off Moray Street.

Due to the slope of the site, much of the parking is above grade and may require an OCP amendment to allow for an increase in the total height of the residential component, which will be determined as the project review continues.

The architect for the project is Arcadis/IBI Group.

November 22, 2022by david.taylor@colliers.com
Apartment, Condo, Retail

184-Unit Project Planned for Port Moody Site

Placemaker Development has submitted an OCP Amendment, Heritage Revitalization Agreement and Development Permit application for the 2400 Block between Clarke and Spring Streets and between Kyle and Queens Streets in Port Moody.

The proposal involves: an amendment to the OCP to increase the maximum height to six storeys for those portions of the block currently limited to three storeys; approval of a Heritage Revitalization Agreement to enable the relocation of a heritage building at 2419 Clarke Street; and, issuance of a development permit for the new buildings.

This proposal includes:

  • two, 6 storey, mixed use residential/commercial buildings separated by a pedestrian mews;
  • 184 residential units consisting of:
    • 110 condo units
    • 60 market rental units and,
    • 14 below market rental units, including 13 live/work units;
  • 24,405 SF of commercial space;
  • a total density of 3.22 FSR;
  • 252 vehicle parking spaces on 2 underground levels, 273 residential and commercial bicycle spaces; and
  • relocation of the existing heritage building presently located at 2419 Clarke Street to the corner of Clarke Street and Queens Street Plaza to be used for commercial purposes.

The architect for the project is GBL Architects.

November 1, 2022by david.taylor@colliers.com
Apartment, Development, Retail

192-Unit Rental Building Pitched for Port Moody Site

Anthem Properties has submitted a rezoning and development permit application to the City of Port Moody for a 1.1 acre site at 3121-3127 St. Johns Street and 110-118 James Road.

The site is located across James Road from Moody Middle School and is comprised currently of a parking lot, a house and a duplex.

The location of the site is identified as a candidate for rezoning in the Port Moody OCP as 6-Storey Mixed Use.

The proposal is for a 6-storey woodframe market rental building that includes:

  • 192 units
    • 6 studios, 118 one-bedrooms, 46 two-bedrooms & 22 three-bedrooms;
  • 4,900 SF of retail space;
  • a total density of 3.0 FAR;
  • 241 vehicle parking spaces on 2 underground levels accessed off James Road, 289 long term resident bicycle storage spaces and 23 short term visitor bicycle spaces; and
  • an outdoor, amenity courtyard.

The architect for the project is Integra Architecture.

October 15, 2022by 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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