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, Office, Retail

11-Storey Mixed Use Building Proposed for Granville Street Site

Buffalo Investment have submitted an application to rezone the vacant former gas station site at 8655 Granville Street. The 15,076 SF site located on the West side of Granville Street, just South of West 70th Avenue. It is currently zoned C-2 but was redesignated as part of the Marpole Community Plan.

The proposal consists of an 11-storey mixed-use building and includes:

  • 55 condo units;
    • 19 one-bedrooms, 27 two-bedrooms & 8 three-bedrooms;
  • 8,605 SF of retail space;
  • 8,090 SF of office space on the 2nd floor;
  • A building height of 126 ft.;
  • A total density of 4.10 FSR; and
  • 73 underground parking spaces and 110 bicycle spaces.

The application is being considered under the Marpole Community Plan.

The site was acquired by Buffalo in February 2018 for $20,000,000 or $316 per buildable SF based on the application.

The architect for the project is GBL Architects.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/8655granvillest/index.htm

November 19, 2019by david.taylor@colliers.com
Condo, Development

29-Units Proposed for Single Cambie Lot

A rezoning application has been submitted for a single corner lot in the Cambie Corridor at the corner of Cambie Street and West 26th Avenue.

The plan for the 10,130 SF site is to redevelop the single family lot to allow a new 6- storey woodframe residential building that includes:

  • 29 condo units;
    • 11 one-bedrooms, 15 two-bedrooms & 3 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 64.5 ft.; and
  • 33 underground parking spaces on two levels and 36 bicycle spaces.
  • multiple roof decks at different levels and a children’s play area.

This rezoning application is being considered under the Cambie Corridor Plan.

The architect for the project is Billard Architecture.

The site was acquired in 2018 for $11,950,000, or $472 per buildable SF.

July 8, 2019by david.taylor@colliers.com
Development, Investment

FOR SALE: Main Street Redevelopment Opportunity with Holding Income

We are pleased to introduce 4575 Main Street – an opportunity to purchase a prominent redevelopment site with secure holding income. The C-2 zoned auto dealership is located on a 25,341 SF lot and offers the opportunity to secure a 5-year leaseback at land value.

Please view our brochure here: 4575 Main Street_Final_E

April 10, 2019by david.taylor@colliers.com
Condo, Development

55-Unit Building Proposed for Little Mountain Area

A rezoning application has been submitted for a 5-lot land assembly at the corner of Quebec Street and East 33rd Avenue in the Little Mountain Adjacent Area of Vancouver. The site at 4906-4970 Quebec Street is currently zoned RS-1 but can be rezoned under the Little Mountain Adjacent Area Rezoning Policy.

The proposal consists of a 6-storey residential building over two levels of underground parking and includes:

  • 55 condo units;
  • a total density of 2.30 FSR;
  • a building height of 65 ft.; and
  • 64 underground parking spaces and 69 bicycle spaces.

The architect for the project is Cicozzi Architecture.

October 15, 2018by david.taylor@colliers.com
Condo, Development

17-Unit Building Planned for Single Cambie Lot

A rezoning application has been submitted for a 69′ x 127′ corner lot at Cambie and West 35th Avenue. The site at 485 West 35th Avenue sold in December 2017 for $8,500,000, or $394 per buildable SF.

The proposal is for a rezoning based upon the Cambie Corridor Plan, and consists of a 6-storey market residential building over one level of underground parking and includes:

  • 17 condo units;
  • a total density of 2.46 FSR;
  • a building height of 61 ft.; and
  • 21 underground parking spaces and 28 bicycle spaces.

 

The architect for the project is GUD Group.

October 15, 2018by 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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