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

Market Update: Rezoning Applications Heading to Public Hearing

Before things quiet down at the City during August, several rezoning applications are looking to be referred to their final review at public hearing:

7350 Fraser Street

7350 Fraser Street_2 The plan for this site on Fraser Street is to rezone from RT-2  to CD-1 to allow a 6-storey rental building under Rental 100 that includes 96 rental units and a total density of 2.61 FSR.


7790 Cambie Street

7790 Cambie_2This tiny site is seeking rezoning to allow a 6-storey rental building that includes 27 rental units and a total density of 2.70 FSR.

The site is only 8,250 SF in size.


357, 375 & 391 West King Edward Ave

357 King Edward_2This Cambie Corridor site is planned for a residential development consisting of one 4-storey building and 2-storey townhouses along the lane with 41 market residential units and a total density of 1.88 FSR.


3503-3523 East Hastings Street

3503 East Hastings StThe plan for this site at Hastings and Skeena (near Boundary Rd) is to rezone from C-2C1 to allow a 6-storey rental building under Rental 100 with 87 units and retail at grade. The density is 3.95 FSR.


 

601 West Hastings Street

601 West HastingsMorguard is indeed planning to move forward with their rezoning plan for 601 West Hastings Street (also referred to as 333 Seymour Street) to retain the existing office tower, and build a new 25-storey office tower.

The new tower would have a total area of 227,714 SF, which equates to a 24.34 FSR.

 

 

 


 

These applications will likely receive their public hearing after Council’s August break.

July 17, 2014by david.taylor@colliers.com
Development

Another Cambie Street Proposal; This Time on a Small Site

An application has been submitted under the Cambie Corridor Plan to rezone 7790 Cambie Street from RT-1 to CD-1 to allow a 6-storey rental building that includes:

  • 27 market housing units;
  • a building height of 70.5 ft. from grade;
  • a density of 2.70 FSR
  • 23 underground parking space

What’s unique about this proposal is that the site is only 118 ft x 72 ft. (8,501 SF).

7790 Cambie7790 Cambie_2

February 3, 2014by 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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