Articles tagged with "Commercial"

Global Education Communities is developing two rental-housing projects near the new Oakridge shopping centre in Vancouver. The projects will benefit from their proximity to Canada Line rapid-transit stations, catering to student housing demands and a broader multi-family rental market. Construction on the first project, GEC Oakridge, is underway and expected to complete by mid-2027, while the second project, GEC Langara, is still in the city approval process. Both developments are part of a broader collaboration with Pomerleau Capital to deliver an $800-million student-housing portfolio across Metro Vancouver.

Holborn Group has revealed plans for four towers in downtown Vancouver, designed by Henriquez Partners Architects. The development will include 1,939 homes, 920 hotel suites, and a host of public amenities, incorporating unique Pacific Northwest architectural inspirations. One of the towers, a 68-story hotel, will become Vancouver's first supertall building at 1,034 ft, making it the tallest structure in British Columbia. The project aims to include substantial public spaces, such as a public plaza and a rooftop observation deck with free access.

PCI Developments has submitted a proposal for Marine Gateway 2 in Vancouver, seeking to transform a currently industrial zoned site into a mixed-use development. The project includes two 43-storey rental towers, along with mid-rise buildings, providing 1,000 rental units, 200 below-market rate. The project will also incorporate retail and industrial space, with a total floor area exceeding 1.16 million square feet. Designed by Perkins & Will, the development requires rezoning approval for comprehensive development.

Sightline Properties is planning to construct four high-rise towers, ranging from 39 to 45 storeys, on a 3.06-acre site near Renfrew Station in Vancouver. The development will consist of 1,959 residential units split into strata and rental units, including below-market options, and will feature commercial and childcare spaces. This proposal aligns with the Rupert and Renfrew Station Area Plan, which envisions high-density development in the area. The City of Vancouver will host a Q&A period to discuss the project details.

Brookfield is looking to sell the retail component of the Shangri-La Vancouver, just months after acquiring it alongside the hotel. The retail section, located at 1121 Alberni Street, is a fully leased 40,996 square foot property, housing tenants such as Burberry and The Keg, with an occupancy rate of 100%. This offering presents a significant investment opportunity in Vancouver’s premier retail corridor, as foot traffic is expected to increase with the rebranding of the hotel to a Park Hyatt by 2026.

Beedie has finished its Anvil industrial-condominium project in Surrey, B.C., located at 12939 Anvil Way in the Newton area. The development, described as a premium type rarely seen in Newton, offers eight warehouse units or a full-building opportunity of 91,843 square feet. Avison Young, the exclusive listing agent, highlights features such as insulated concrete tilt-up construction, 32-foot ceiling heights, and ample parking. The property is now available for tours and purchasing, targeting forward-thinking industrial clients.

KingSett Capital, a Toronto-based private equity real estate firm, has acquired the Pender Place office towers in downtown Vancouver from Cadillac Fairview and the Investment Management Corporation of Ontario for $125 million. The property, consisting of two 16-storey buildings constructed in 1973, offers a total of 292,613 sq. ft of leasable space and was valued at $146,174,000. This acquisition adds to KingSett's portfolio of Vancouver office properties, amidst its involvement in various transactions and insolvency proceedings across Canada.

Amacon is proposing the construction of two towers at 1745 W 8th Avenue in Vancouver, replacing a low-rise commercial building. The project will include a 28-storey and a 29-storey tower, providing a total of 528 residential units, of which 107 will be social housing. Rezoning from commercial to comprehensive development is sought to facilitate this project that aligns with Vancouver's Broadway plan for mixed-use development and community benefits.

Onni Group has submitted a formal rezoning application for a new development at 375 E 1st Avenue in Vancouver, adjacent to the Great Northern Way-Emily Carr SkyTrain Station. The proposal includes three 35-storey mixed-use towers and one 40-storey tower, featuring a mix of residential units, hotel rooms, office space, retail, and art production spaces. The project aims to integrate various uses around shared spaces like an internal atrium and a greenway, reflecting a transit-oriented development approach. Additionally, it incorporates cultural elements related to the region's Indigenous history, with input from Squamish Nation Hereditary Chief Ian Campbell.

Landa Global has acquired a partially constructed condo development project in Burnaby, B.C., through a court sale for $12 million. The project, called Siena, was placed into receivership after financial difficulties stalled its progress. The 52,753-square-foot development includes residential and commercial units and is located in a vibrant area undergoing rejuvenation. The acquisition allows Landa Global to avoid property-transfer taxes while continuing construction with necessary permits in place.

The article discusses the challenges and methodologies of conducting airtightness testing in large and multi-zone buildings. It highlights the limited availability of data for such buildings due to complexity and lack of regulation, in contrast to the well-documented data for single-zone residential buildings. The research presented aims to fill existing knowledge gaps by providing additional data from tests on 29 buildings in British Columbia, focusing on factors like building archetypes and air barrier strategies.

Reliance Properties has submitted a revised rezoning application for a project at 904-920 Davie Street in Vancouver. The new proposal features a 32-storey tower with 244 condos, expanding from the previous 29-storey plan. The updated design includes increased residential units and reduced office space, responding to changes in market demand. The application emphasizes the integration of mixed-use amenities and architectural innovation and is currently under review by the City of Vancouver.