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

32-Unit Market Rental Building Planned for East Van Site

A rezoning application has been submitted for a site at 2735 E 41st Avenue in East Vancouver. The 14,382 SF C-1 zoned site is currently occupied by an older lowrise commercial building occupied by G&F Financial Group.

The proposal is to allow for the development of a 5-storey mixed use rental building under the Rental 100 policy. The proposal includes:

  • 32 market rental units;
  • 2 studios, 10 one-bedrooms, 14 two-bedrooms & 6 three-bedrooms;
  • 6,129 SF of retail space in 5 CRUs at grade;
  • A total density of 2.48 FSR;
  • A building height of 49 ft.;
  • 25 vehicle parking spaces and 80 bicycle parking spaces.

The application is being considered under the Secured Market Rental (Rental 100) Policy.

The architect for the project is Barnett Dembek Architects Inc.

December 5, 2020by david.taylor@colliers.com
Apartment, Development, Retail

103 Rental Units Slated for Kingsway Site

Rize Alliance has submitted a rezoning application for 810 Kingsway, a 24,800 SF site currently occupied by Sammy’s Flooring.

The proposal for the site is a 6-storey rental building under the City of Vancouver’s Secured Market Rental Housing (Rental 100) Policy.

Details include:

  • 103 market rental units;
  • 31 studios, 36 one-bedrooms, 29 two-bedrooms & 7 three-bedrooms;
  • 11,210 SF of retail space at grade;
  • a total density of 3.62 FSR;
  • a maximum height of 72 ft.; and
  • 92 underground parking stalls and 193 bike spaces.

The application describes the design rationale: “The C-2 guidelines have informed building stepbacks along Kingsway and rear-yard setbacks towards the lane. The intersection of Kingsway and Prince Albert Street is oblique, creating a flat iron condition. At this prominent corner, we are proposing a six story element that folds away from the Kingsway frontage, providing a visual landmark as well as space for a landscaped, publicly accessible plaza.
The grade of the site slopes steeply down from Kingsway south along Prince Albert Street. This grade change allows us to insert two-level townhouses fronting the lane without raising the building height relative to Kingsway. The five, three-bedroom, two-level townhouses along the lane provide valuable ground-oriented rental units suitable for families. These townhouses help to create a transition to the single-family homes to the south while providing animation and passive surveillance along the lane.
“

The architect for the project is Yamamoto Architecture.

April 28, 2020by david.taylor@colliers.com
Apartment, Development, Retail

43-Unit Rental Building Planned for Kingsway

The latest Rental 100 application is for a site at 1265-1281 Kingsway, next door to another application from December 2019 for a 43-unit project at 1247 Kingsway.

The site is currently zoned C-2 but the rezoning would allow for the development of a 6-storey mixed-use residential building including:

  • 43 market rental units;
    • 20 studios, 5 one-bedrooms, 16 two-bedrooms & 2 three-bedrooms;
  • 3 retail units at grade;
  • a total density of 3.70 FSR;
  • a maximum height of 69 ft.; and
  • 51 underground parking stalls and 89 bicycle spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

As with the project next door, the architect for this one is Stuart Howard.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/1265-1281kingsway/index.htm

March 1, 2020by david.taylor@colliers.com
Apartment, Development, Retail

31-Units Planned for Kingsway in Latest Rental Rezoning

Tatla Developments has submitted a rezoning application for a mid-block site on Kingsway in the latest rental application for the area. The 9,076 SF site is located at 1247 Kingsway, in between Inverness Street and Clark Drive.

The zoning for the site is currently C-2, but the rezoning application proposes:

  • 31 market rental units;
    • 15 studio units, 12 two bedrooms & 4 three-bedrooms;
  • 3,800 SF of retail space;
  • a total density of 3.60 FSR;
  • a building height of 70 ft; and
  • 16 underground parking stalls and 100 bike spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Stuart Howard.

December 23, 2019by david.taylor@colliers.com
Apartment, Development, Retail

104-Unit Rental Building Proposed for Fraser & 19th

Rize Alliance has submitted a rezoning application for a site at the corner of Fraser Street and East 19th Avenue in East Vancouver. The site, currently zoned C-2, is currently developed with an older 2-storey commercial building and a parking lot. 

The proposal calls for a new 6-storey rental building, including:

    • 104 market rental units;
      • 33 studios, 32 one-bedrooms, 28 two-bedrooms & 11 three-bedrooms;
    • 13,027 SF of retail space;
    • a total density of 3.43 FSR;
    • a building height of 71 ft.; and
    • 112 underground parking spaces and 213 bicycle spaces.

This application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Yamamoto Architecture.

February 22, 2019by 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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