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

77-Unit Rental Building Eyed for Prominent East Broadway Site

Third Space has submitted a rezoning application for a site at 1926-1978 East Broadway, at the corner of Victoria Street in East Vancouver. The triangular site includes two single family lots and a former gas station lot that was decommissioned in the early 2000’s and has been used as a community garden in recent years.

The 20,600 SF site is currently zoned C-1 but is located within the Grandview Woodland Community Plan which allows for rezoning up to 6-storeys.

The proposal for the site includes:

  • 77 rental units (26 units at below-market rates);
  • 6,300 SF of ground floor retail space;
  • A total density of 3.0 FSR;
  • A building height of 73 ft.; and
  • 88 vehicle parking spaces and 150 bicycle parking spaces.

The application is being considered under the Grandview-Woodland Community Plan.

The architect for the project is Yamamoto Architecture.

May 2, 2023by david.taylor@colliers.com
Apartment, Development

79-Unit Rental Building Proposed for Kerrisdale Site

Peterson Group has applied to the City of Vancouver to develop a site at the Southeast corner of East Boulevard and West 43rd Avenue in the Kerrisdale neighbourhood of Vancouver.

The plan for the 19,515 SF site includes a new 6-storey rental apartment building, allowable under the existing C-2 zoning:

  • 79 market rental units;
    • 25 studios, 24 one-bedrooms, 25 two-bedrooms & 5 three-bedrooms;
  • a total density of 3.70 FSR;
  • 87 underground parking stalls.

The architect for the project is NSDA Architects.

April 19, 2023by david.taylor@colliers.com
Condo, Development

117-Unit Condo Project Planned for Joyce-Collingwood Site

A rezoning application has been submitted for a site at 5019-5039 Payne Street in the Joyce-Collingwood area of East Vancouver.

The proposal is to allow for the development of a 14-storey condo building that includes:

  • 117 condo units;
    • 76 studios/1-Beds, 37 two-bedrooms and 4 three-bedrooms;
  • A total density of 4.50 FSR;
  • A building height of 140 ft.; and
  • 78 vehicle parking spaces and 306 bicycle parking spaces.

The application is being considered under the Joyce-Collingwood Precinct Plan.

The architect for the project is Opulence Architecture.

April 4, 2023by david.taylor@colliers.com
Apartment, Land

Kingsway Rental Development Site Sells for $5,500,000

A 9,000 SF mid-block rental development site at 1247 Kingsway has sold for $5,500,000. The site had been listed for sale for $7,998,000 since July 2022.

The site received DP approval for a 32-unit, 7-storey rental building in May 2022. The site was rezoned under the City of Vancouver’s Rental 100 policy in 2021.

The $5,500,000 purchase price equates to $169/buildable SF. The site was originally acquired by the developer, Da Hua Investment Holdings, in 2017 for $5,000,000.

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

679 Unit Market Rental Project Envisioned for Joyce-Collingwood Site

Intracorp has submitted a rezoning application for 3362-3384 Vanness Avenue and 3347 Clive Avenue in the Joyce-Collingwood area of East Vancouver.

The proposal is to allow for the development of two rental towers (30 and 33-storeys) above a 6-storey podium. The project includes:

  • 679 market rental residential units;
  • 10% of the residential floor area proposed to be secured at 10% below CMHC City-wide average rates;
  • Retail at grade;
  • Dedication of floor area for a 37-space child care facility;
  • a total density of 11.34 FSR;
  • A total building height of 300 ft.;
  • 214 underground parking spaces and 1295 bicycle parking spaces.

The site is located in the Joyce-Collingwood Precinct Plan. The application requests consideration of height and density in excess of the existing policy.

The architect for the project is Boniface Oleksiuk Politano Architects.

March 3, 2023by 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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