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

60-Unit Condo Building Planned for Cambie & 27th

Aria Pacific has submitted a rezoning application for a two-lot land assembly at 4261 Cambie St and 503 West 27th Avenue in Vancouver. The proposal is to allow for the development of a 6-storey condo building that includes:

  • 60 condo units;
    • 26 one-bedrooms, 26 two-bedrooms & 8 three-bedrooms;
  • A total density of 2.79 FSR;
  • A building height of 77.5 ft.;
  • 88 vehicle parking spaces and 132 Class A bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Arno Matis.

April 6, 2022by david.taylor@colliers.com
Condo, Development

62-Unit Condo Building Planned for Cambie Corridor Site

Pennyfarthing Homes has submitted a rezoning application for a 4-lot land assembly at 5079-5161 Ash Street, one block West from Cambie Street at the proposed extension of West 35th Avenue. The proposal is to allow for the development of a 6-storey condo building that includes:

  • 62 condo units;
    • 1 studio, 22 one-bedrooms, 31 two-bedrooms & 14 three-bedrooms;
  • A total density of 2.0 FSR;
  • A building height of 71 ft.
  • 73 vehicle parking spaces and 135 bicycle parking spaces.

The proposed project requires a future extension of West 35th Avenue which would allow access into the Heather Lands Development to the West of the site.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Shift Architecture.

April 3, 2022by david.taylor@colliers.com
Apartment, Development, Land

FOR SALE: East Vancouver Rental Development Site

Pleased to offer this full city block rental development site on Renfrew Street in East Vancouver.

The 26,000 SF site is eligible for rezoning under the Secured Rental Policy, potentially allowing a 6-storey rental development up to 3.40 FSR. Located in the community of Hastings-Sunrise and a short drive to both Downtown Vancouver and Burnaby, the site spans an entire block along Renfrew Street between East Georgia and Adanac Street.

It is a fantastic location for rental apartments and the site has already been assembled.

Click here for the brochure.

Please contact me for further information including price guidance.

April 3, 2022by david.taylor@colliers.com
Condo, Land

SOLD: 5916-5998 Cambie Street

I am pleased to share the news of successful completion of the sale of 5916-5998 Cambie Street, Vancouver, B.C. The Purchaser is a partnership between Coromandel Properties and Peterson Group.

This 31,692-SF full city block is located at the corner of Cambie Street and West 43rd Avenue, directly across from the transformative Oakridge Vancouver project, and just two blocks south of Oakridge/41st Canada Line Station.

The site has an approved rezoning application for a 29-storey, 168-unit condo tower and a 15-storey, 270-room hotel.

Please contact me for further information regarding this sale.

April 3, 2022by david.taylor@colliers.com
Land, Market Research

Draft Broadway Plan Released

The City of Vancouver has released a Draft of the much anticipated Broadway Plan that now includes details on land use designations, density, built form and public benefits.

This is the most detailed iteration of a planning process which launched three years ago.

The full draft plan can be viewed on the City’s website, here.

The Broadway Plan is broken down into three main geographic neighbourhoods:

  • Kitsilano
  • Fairview
  • Mount Pleasant

Here is a summary of the overall draft plan as well as detail for proposed zoning within each neighbourhood.

The Overall Draft Land Use Map

Kitsilano

Fairview

Mount Pleasant

March 1, 2022by 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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