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

Vancouver Community Plans Update

After feedback from the public, Vancouver City Council asked staff to review the public consultation process for each plan area and consider extending the timelines regarding Vancouver’s four Community Plan processes currently underway (Downtown Eastside, Grandview-Woodland, Marpole and the West End).
Here is City staff’s recommendations on each Plan for consideration by  Council next week:
  • That the Downtown Eastside Local Area Plan go to Council on schedule in November 2013, and that the associated zoning and bylaw amendments be considered at that time for referral to Public Hearing in early 2014.
  • That the West End Community Plan go to Council on schedule in November 2013, and that the associated zoning and bylaw amendments be considered at that time for referral to Public Hearing in early 2014.
  • That the Marpole Community Plan, following additional community consultation on the proposed revisions to the draft plan, be deferred for additional consultation and be considered by City Council in the last quarter of 2013 or first quarter of 2014. (Approx. 3-6 month delay)
  • That  Council direct staff to extend the original schedule for the Grandview-Woodland Community Plan in order to create a Citizens’ Assembly to be organized for all areas of the Grandview-Woodlands Plan, including options and challenges related to planning appropriate transit-oriented density along the Broadway Corridor at the south end of the Community. (at least a 6 month delay)
Read more in the Staff report here: http://former.vancouver.ca/ctyclerk/cclerk/20130925/documents/cfsc1.pdf
September 17, 2013by david.taylor@colliers.com
Development

Concert Unveils Plans for SEFC Site

Concert Properties has submitted a rezoning application for their site in Southeast False Creek, directly East of The Village. Concert_SEFC

The proposal includes:

  • a waterfront park, greenway/bikeway paths, an internal street network
  • five residential buildings consisting of one 18-storey building, two 15-storey buildings, one 14-storey building, and one 12-storey building
  • a total density of 624,522 SF including 519,595 SF of market residential in four buildings and 104,927 SF of non-market affordable rental units
September 13, 2013by david.taylor@colliers.com
Development

For Sale: 7810-7830 Granville Street

7810-7830 Granville_Brochure

September 6, 2013by david.taylor@colliers.com
Retail

Retailer Simons Crashes Canada, One Door at a Time

La Maison Simons Inc. had been nestled in Quebec City for 159 years before fifth generation leader Peter Simons successfully expanded the retailer across the province.

But opening stores all the way to Vancouver is proving trickier for the president of the family-controlled business.

Simons is searching for prime locations in Toronto, Calgary, and Vancouver as a new wave of foreign chains chases the most attractive retail spaces. And the privately held company can’t tap into the markets to finance its heavy investments amid rising borrowing costs.

The retail institution well known in Quebec for its unique mix of cheap-chic private labels and pricier designer lines must make a name for itself west of the Ottawa River. Outside its home province, it operates only one store, at the West Edmonton Mall.

Read more: http://www.theglobeandmail.com/report-on-business/simons-crashes-canada-one-door-at-a-time/article14148615/

September 6, 2013by david.taylor@colliers.com
Development

Rezoning Proposed for Stongs on Dunbar

The owners of the Stongs property at 4508-4560 Dunbar Street have applied to the City of Vancouver to rezone the property, and an adjacent single family lot from C-2 and RS-5 and to CD. Stongs Dunbar

The proposed project includes:

    • on the Dunbar Street site, a 6-storey mixed use building with new Stongs (20,124 SF) and two smaller commercial units on the first level and 72 condo units (74,935 SF) above the store.
    • on the West 30th Avenue property, 11 3-storey townhouses (12,579 SF)
    • a public plaza at the northeast corner of Dunbar Street and West 30th Avenue;
    • a combined density of 2.51FSR
    • 234 vehicle parking spaces, three loading spaces and 111 class A bicycle spaces (each site includes two levels of underground parking).

More information here.

August 27, 2013by 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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