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

19-Storey Rental Tower Pitched for 11th and Birch Site in Broadway Plan

Another day, another Broadway Plan rental tower rezoning application!

This application is for an 18,742 SF site at 1270-1290 West 11th Avenue, at the Southeast corner of 11th and Birch in the South Granville area.

The proposal is a 19-storey rental building that includes:

  • 155 rental units;
  • 20% below-market;
  • 5,600 SF of retail space on the ground floor
  • a total density of 6.80 FSR;
  • A building height of 188 ft. 

This application is being considered under the Broadway Plan.

The architect for the project is Proscenium Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/1270-1290-w-11-ave

July 19, 2024by david.taylor@colliers.com
Apartment, Development, Rental, Retail

20-Storey, 185-Unit Rental Tower Planned for Kits Site

Millenium Development has submitted a rezoning application for a new rental tower proposal at 2170 West 1st Avenue, near the corner of Yew Street in the Kitsilano area of the Broadway Plan.

The 21,000 SF site is located in the Kitsilano North – Area B (KKNB) policy area of the Broadway Plan.

The proposal calls for a 20-storey rental tower with a 4-storey podium and includes:

  • 185 rental units;
  • 20% below market;
  • 6,300 SF of commercial space;
  • A total density of 6.80 FSR;
  • A building height of 212 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Chris Dikeakos.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2158-2170-w-1-ave

July 18, 2024by david.taylor@colliers.com
Apartment, Development, Rental, Retail

17-Storey Rental Building Near 12th & Main Latest Broadway Plan Application

A rezoning application has been submitted by Prospero & Five Mile Holdings for a site at 245 East 12th Avenue in the Mount Pleasant area.

The 16,000 SF site is located in the ‘Mount Pleasant South Apartment Area – Area ‘A’ [MSAA] subarea of the Broadway Plan.

The proposal is to allow for the development of an 17-storey rental building with a three-storey podium and includes:

  • 146 rental units;
  • 20% below-market;
  • 4,400 SF of retail space on the ground floor;
  • A total density of 6.79 FSR; and
  • A building height of 181 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

July 16, 2024by david.taylor@colliers.com
Condo

Latest Broadway Plan Application Envisions Condo/Social Housing Mix

Cape Group has submitted a rezoning application for a site at 320 East 2nd Avenue in the Mount Pleasant area of the Broadway Plan.

The site is located in the Mount Pleasant Centre – Area H Subarea of the Broadway Plan.

Construction had started on a previously approved 5-storey, 95-unit rental project. The partially excavated site has been on pause awaiting the new application for a tower.

The proposal for the 20,249 SF site is a 20-storey building with a 5-storey podium and includes:

  • 139 condo units
  • 26 social housing units (20% of the floor area)
  • 6,300 SF of ground floor retail space;
  • 15,000 SF of 2nd floor office space;
  • a total density of 7.00 FSR;
  • A building height of 238 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Chris Dikeakos.

July 10, 2024by david.taylor@colliers.com
Apartment, Development, Rental

Proposal for Mount Pleasant Site Includes 273 Rental Units

Fiera Real Estate has submitted a rezoning application for a site at 396 East 2nd Avenue in the Mount Pleasant neighbourhood.

The site is located at the corner of East 2nd and Brunswick Street, just South of Great Northern Way, and is in the Broadway Plan Mount Pleasant North Apartment Area – Area A. The 27,790 SF site is currently improved with an older 53-unit walkup apartment building.

The proposal is to allow for the development of a 22-storey rental building with a 6-storey podium and includes:

  • 273 rental units with 20% below-market;
  • a total density of 6.50 FSR;
  • A building height of 214 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Kasian Architecture. Colliers International’s Strategy and Consulting Group is the development manager for the project.

July 8, 2024by 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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