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industrial commercial real estate services local vancouverAs industrial and office properties continue to be in short supply across the Lower Mainland, the City of Vancouver recently received a development application for a new industrial-zoned property located in the Strathcona area of East Vancouver. 
 
The plan is for an 11,616 sq. ft., I-2 zoned site on 1157 Parker Street. The developer, Yamamoto Architecture, is looking to build a new four-storey, mixed-use building on the site.
 
The proposal includes the following:
 
• 23,198 sq. ft. of manufacturing uses on first, second and third floors
• 11,650 sq. ft. of general office uses on third and fourth floors 
• Total building area of 34,848 sq. ft.
• Total density of 3.00 FSR
• Two levels of underground parking
 
You can view the application in its entirety by clicking here.
 
New commercial builds offering manufacturing, industrial and office spaces are in high demand across Vancouver and beyond. Should this development receive approval, it is sure to cause a stir with eager entrepreneurs, start-ups and manufacturers in dire need of space within the Lower Mainland.
 
To stay abreast of proposed developments and other commercial real estate investment opportunities, please ‘like’ and ‘follow’ Marcus & Millichap Vancouver on Facebook or contact our office to speak with a broker.
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