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.
  • About
  • Listings & Sales
  • Thinking of Selling?
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Land, Rental

Westside Rental Site Sells in $14 Million Deal

Strand has completed on the acquisition of a lowrise rental site on Vancouver’s Westside. The site is a two-lot single family assembly totaling 26,300 SF at 6065-6075 Collingwood Place, near the intersection of Dunbar and SW Marine Drive.

Strand passed public hearing in November on a rezoning proposal under the Secured Rental Policy (“SRP”) to allow a 5-storey, 34-unit rental building.

Under the SRP, the site is located on an eligible arterial road and is able to rezone under the RR-2A (four-storey), RR-2B (five-storey) and RR-2C (six-storey with 20% of residential floor area secured as below-market rental units) zones. Out of the eligible options, Strand chose to rezone to RR-2B which permits rental units up to five-storeys in height and 2.20 FSR.

The $14,170,000 purchase price equates to $225/buildable SF based on the approved rezoning application.

February 7, 2024by david.taylor@colliers.com
Apartment, Development

Latest Broadway Plan Proposal Features Two Towers, 283 Rental Units

Sightline Properties has submitted a rezoning application for a site in the South Granville area for a new rental residential project.

The site at 1726 West 11th Avenue is 31,250 SF and located at the corner of 11th Avenue and Pine Street.

The proposal is to allow for the development of 20-storey and 19-storey rental towers over a four-storey podium and includes:

  • 283 rental units;
  • 20% of the floor area secured for below market rental units (approximately 57 units);
  • retail space on the ground floor;
  • A density of 6.80 FSR;
  • A building height of 208 ft.
  • 216 undeground parking stalls.

This application is being considered under the Broadway Plan.

The architect for the project is Ciccozzi Architecture.

January 22, 2024by david.taylor@colliers.com
Condo, Development

29-Storey Condo Building Planned for Hornby & Davie Site

Reliance Properties has submitted their formal rezoning application for 902 Davie Street, a site at the Southwest corner of Hornby and Davie in Downtown Vancouver.

The 15,000 SF site was initially envisioned for rezoning as far back as 2015. The site is encumbered by view cones which have resulted in a sculpted design.

The proposal is to allow for the development of a 29-storey mixed-use building and includes:

  • 179 condo units;
    • 22 studios, 67 one-bedrooms, 73 two-bedrooms & 17 three-bedrooms;
  • 4,716 SF of retail space;
  • 36,708 SF of office space;
  • a total density of 12.91 FSR;
  • A building height of 348 ft.; and
  • 219 vehicle parking spaces and 437 bicycle spaces.

This application is being considered under the Downtown Official Development Plan and the Potential “Benefit Capacity” in Downtown Policy.

The architect for the project is Neil M. Denari Architects and Bingham + Hill.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/904-920-davie-st

January 18, 2024by david.taylor@colliers.com
Apartment, Development

24-Storey Rental Tower Slated for Kingsway & Fraser Site

Qualex Landmark has submitted an application to rezone a site at the Northeast corner of Kingsway and Fraser Street for a new highrise rental project under the Broadway Plan.

The 18,000 SF site at 701 Kingsway is currently a strip centre built in 1987 and is zoned C-2 .

The rezoning proposal is to allow for the development of a 24-storey building that includes:

  • 201 rental units;
  • 41 below market rental units (20%);
  • Commercial space on the ground floor and on Level 2;
  • A total density of 8.50 FSR;
  • A building height of 277 ft. with additional height for rooftop amenity space and mechanical appurtenances.

This application is being considered under the Broadway Plan.

The architect for the project is RWA Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/701-kingsway

January 16, 2024by david.taylor@colliers.com
Apartment, Condo, Development

Cressey Opts for Townhouses on Quilchena Gardens Site

Cressey Developments has submitted a development application to the City of Vancouver for the redevelopment of ‘Quilchena Gardens’, a 3.0 acre site at the corner of Arbutus and West 32nd on the Westside of Vancouver.

The site is currently improved with 1960’s era lowrise buildings and has been the subject of speculation regarding redevelopment for the last several years.

A rezoning enquiry by the previous owners contemplated a medium density redevelopment with upwards of 500 rental, condo and social housing units in buildings up to 14-storeys; however, that plan never proceed to a formal rezoning and the site was eventually sold to Cressey in 2022 for $76,000,000.

Rather than pursue a complex rezoning process for the site, Cressey has decided to pursue a development under the existing zoning from 1963, with two-storey townhouses.

Details of the proposed development include:

  • Twenty 2-storey townhouse buildings;
  • 102 total units;
    • 33 rentals (20 one-bedrooms, 13 two-bedrooms)
    • 69 condos (two and three-bedrooms from 1,417 SF to 2,539 SF)
  • One level of underground parking, accessed from lane.

Under the site’s existing CD-1 (26) zoning, the application is “conditional” so it may be permitted. However, it is subject to approval of the Form of Development, and it requires the decision of the Development Permit Board.

The architect for the project is Formwerks Architectural.

January 14, 2024by david.taylor@colliers.com
Page 22 of 79« First...1020«21222324»304050...Last »

Thinking of selling?

I track every commercial sale in Metro Vancouver. If you're wondering what your property is worth, I can give you an informed view.

Get an Opinion of Value

David Taylor · Colliers · 604-761-7044

Search the Site

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved