Articles tagged with "Industrial"

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.

Bird Construction Inc. is set to acquire Fraser River Pile & Dredge (FRPD) for approximately $82.3 million, with the transaction expected to finalize in early 2025. FRPD, a leading marine construction and dredging company based in New Westminster, B.C., has a strong reputation for quality work across Canada. This acquisition aims to integrate FRPD's expertise into Bird's operations, enhancing its capacity to undertake large-scale projects in Canada. The merger underscores both companies' historic roles in significant Canadian infrastructure projects.

New Prime Minister Mark Carney has announced plans to expedite a series of new industrial projects across Canada, aiming to counteract the economic impact of the ongoing trade dispute with the United States. This initiative includes the possibility of reviving an oil pipeline to British Columbia's North Coast. These projects are part of a broader strategy to strengthen the nation's infrastructure and economy. The move is positioned as a step towards national development amidst geopolitical tensions.

Bird Construction Inc. has agreed to acquire Fraser River Pile & Dredge for $82.3 million. FRPD, based in New Westminster, B.C., is Canada's oldest and largest private marine construction, land foundation, and dredging company, having been established in 1911. This acquisition will enhance Bird Construction's capabilities in the marine construction sector.

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.

Bird Construction Inc. is acquiring Fraser River Pile & Dredge (FRPD) for an estimated $82.3 million, aiming to finalize the deal in early Q4 of 2025, subject to regulatory approvals. Fraser River Pile & Dredge, established in 1911 and based in New Westminster, B.C., specializes in marine construction, land foundation, and dredging, providing its services across Canada. This acquisition adds unique self-perform capabilities to Bird's portfolio, enhancing its ability to undertake larger projects nationwide. The merger is seen as a significant step forward in the growth strategies of both companies.

The article discusses the top 10 pre-bid construction projects in British Columbia as of September 2025, ranked by project value. It offers a glimpse into major upcoming projects, with one of the highlights being the Ksi Lisims LNG Project, which involves site work and the construction of a new industrial development. Readers are encouraged to explore further details or investigate other projects in Canada and the US through provided links.

Canadian startup General Fusion has secured $22 million in funding to continue its work on nuclear fusion technology after facing financial struggles earlier this year. The company aims to achieve scientific breakeven by 2026 using its LM26 prototype, which is developing magnetized target fusion. The new funds will assist in reaching intermediary milestones and integrating data into designs for the next machine in the UK. General Fusion aspires to bring commercial fusion energy to the grid in the 2030s.

The industrial vacancy rate in Greater Vancouver reached 3.1% by mid-2025, the highest in a decade, following a steady increase since 2021. Leasing activity slowed due to potential U.S. tariffs, influencing industrial investments, with Maple Ridge-Pitt Meadows having the highest vacancy rate at 4.2%. Sublease availability hit a record high, while industrial sales saw a significant decrease, marking the weakest first half since at least 2015.

A new initiative has been launched in the Okanagan to boost solar energy. The project is noted as the largest solar energy initiative in British Columbia, enabling the industrial park in the region to independently generate its own power. This move marks a significant step towards sustainable energy usage in the industrial sector. The initiative reflects the growing trend of integrating renewable energy in industrial applications.

PCI Developments is planning Marine Gateway 2 in Vancouver, featuring twin 43-storey residential towers with 1,000 rental units. The project will include both market and below-market rentals, retail, and industrial spaces. A notable feature of the development is a 1.44-acre elevated park above the industrial component. The proposal aims to create a transit-oriented urban model integrating housing, industrial, and recreational uses.

TransLink, the regional public transportation provider in Metro Vancouver, acquired a 5.06-acre industrial property for $63 million to expand its Vancouver Transit Centre. The transaction price per acre was significantly higher than the regional average, indicating a strong industrial real estate market despite rising vacancy rates. This acquisition continues TransLink's trend of expanding its real estate assets to support operations, following previous purchases and ongoing construction of new facilities. The broader Metro Vancouver industrial market is currently experiencing increased vacancies, although tenant demand is expected to recover as trade tensions ease.