Solving the Metro Vancouver Industrial Land Shortage?

[Migrant_Coconut]

Assuming it survived the backlash (myself included) and the environmental reviews, English Bay and Deadman's Island are "shallow" and close to downtown enough for it to be worthwhile. You'd still need some really deep pockets though.

[Changing City]

Originally Posted by Migrant_Coconut

Assuming it survived the backlash (myself included) and the environmental reviews, English Bay and Deadman's Island are "shallow" and close to downtown enough for it to be worthwhile. You'd still need some really deep pockets though.

Sounds like time to revisit the Port in Kitsilano. That should go over well with the neighbours.


[source]

[Migrant_Coconut]

Hah! Well it's either that or the Stanley Park Bowling Club; would you rather take your chances with the NIMBYs, or the NIMBYs, treehuggers and bike lobby?

[chowhou]

Originally Posted by SeymourDrake

Has there ever been a group look into claiming ocean space like they've done on various projects around the world?

Like Dubai for example.

I mean how deep is too deep?

I get that it might be to heavy a cost to benefit from it long term.

What about digging under the Airport property?

There is a perimeter around Roberts Bank that is slowly being reclaimed, it's possible in the future that that area (Along with the Tsawwassen lands) will have some utilization as industrial land.

The Port of Vancouver also slowly is building out the Vancouver waterfront, it just doesn't happen nearly as quickly or abruptly here as in Dubai or Hong Kong or Shanghai.

[jollyburger]

Originally Posted by chowhou

There is a perimeter around Roberts Bank that is slowly being reclaimed, it's possible in the future that that area (Along with the Tsawwassen lands) will have some utilization as industrial land.

The Port of Vancouver also slowly is building out the Vancouver waterfront, it just doesn't happen nearly as quickly or abruptly here as in Dubai or Hong Kong or Shanghai.

Seems like they'll still have enough bog/farm land to snatch away before they have to consider land reclamation for industrial land while expansion on Roberts Bank is more for their transportation infrastructure including the Roberts Bank Terminal 2 project currently in review:

https://www.robertsbankterminal2.com...ject-overview/

[jollyburger]

Another multi-storey industrial proposal (?)

9171 BECKWITH RD





http://wchong-architect.com/beckwith/

[jollyburger]

Article on 1308 Adanac. Says the top floors of office went to a daycare and daycare training company:

Michael Chiang, founder of the three-year-old development company, says the boutique strata building is named after its address, 1308 Adanac. It gives owner-occupiers and investors the opportunity to buy into a market that shows all signs of growing.

With a premium on central land and increased demand during the past couple of years for centrally located light industrial, the appeal for owners of the units is that they will grow equity instead of paying increasing lease rates.

CBRE launched presales in early March and has sold the two top floors of office space to a daycare and daycare training facility.

The remaining nine units of industrial are on the market for $675 to $775 per square foot, depending on the unit. Units are configurable in the 30,905-square-foot building, but most will likely cater to those needing 2,000 to 3,000 square feet.

In an email, Chiang said that due to geographic constraints, more businesses are finding “a more nimble footprint within city limits,” while also finding spaces for bulk storage and distribution needs outside the city. As a relatively new product, stacked industrial serves the small- to mid-size user.

“Industrial strata pricing as a whole is primarily driven by land acquisition and construction costs — both of which have seen significant increases in the last 12 months, so we expect pricing for end units to continue to rise as well for the foreseeable future.”

https://renx.ca/union-allied-adds-to...strata-market/

[Vin]

Originally Posted by invisibleairwaves

This definitely seems like something that could help a lot. I think it points to a flaw in the way we've built commercial space in the city for the past few decades- everything has to be an expensive glassy sidewalk-fronting CRU, and any business that doesn't need or want that format gets pushed into our dwindling industrial land. You go to almost any industrial area and it's full of karate studios, niche retail, arts spaces, just tons of low-impact uses that could totally coexist with residential. Find a way to provide spaces for them in mixed-use projects and you immediately free up a bunch of industrial land for more intensive industrial uses. Other than that one building on Hastings near Ray-Cam I can't really think of anywhere it's been tried though.

Well said! It's just the way people here are wired: they can't accept better models in prime areas. No surprises here if we lose more valuable industrial/agricultural land spaces to creative ones that are not accepted in prime city centre areas that only take the cookie cutter bores. In addition to that, prime areas keep demolishing good older solid structures to be replaced with more of the same ol's because the real neighbourhoods that sorely need replacement are perpetually protected by law from being destroyed. These are mostly the NIMBY centrals.

[hollywoodnorth]

on the topic of MULTISTORY.

here is the new (open soon) MASSIVE Walmart Distro in Campbell Valley in Surrey. (https://www.surreynowleader.com/news...-south-surrey/)


my pic

AND ... I stumbled upon this one I could use some help figuring out who owns it and whats its for.

I think it was purpose built for a client that is now now being subletting part of it. But what do I know. It has roof top parking and is THREE stories. awesome to see this intensive use and we will only see more throughout the metro. this link says it is an owner occupier >> https://flre.ca/insights/campbell-he...dustrial-2019/ . for such a massive building I am surprised we have not heard a peep about it on here.


my pic. sorry I didnt get a good pic of the whole building some security guy was looking at me odd. but its basically finished. it is located here at the corner of 190st and 38 ave

here is the empty lot >> https://www.google.com/maps/@49.0703.../data=!3m1!1e3

and here she is under construction >> https://goo.gl/maps/hWwAgD4JBCiG1HNJ6

[jollyburger]

I think it's this one?

https://www.surreynowleader.com/news...rey-warehouse/

Overview of the area:

https://www.surrey.ca/sites/default/...sinessPark.pdf

[hollywoodnorth]

Originally Posted by jollyburger

I think it's this one?

https://www.surreynowleader.com/news...rey-warehouse/

Overview of the area:

https://www.surrey.ca/sites/default/...sinessPark.pdf

yup thats it.

"Tenants of the 37,478 sq.m. building have yet to be determined, however, four are anticipated, the report notes, and the applicant has agreed to register a restrictive covenant to prohibit any use that requires a Metro Vancouver air-quality permit."

still "top secret" 2 years later. LOL

[Changing City]

Originally Posted by hollywoodnorth

yup thats it.

"Tenants of the 37,478 sq.m. building have yet to be determined, however, four are anticipated, the report notes, and the applicant has agreed to register a restrictive covenant to prohibit any use that requires a Metro Vancouver air-quality permit."

still "top secret" 2 years later. LOL

I don't think there's a secret? There are just no tenants. It is a spec warehouse project at 0.56 FSR; apparently precast concrete walls, and it's only one storey (high bay warehouse designed to look like three to break up the massing, presumably). (193 of the 369 parking spaces are on the roof, like that entire block Yaletown warehouse built by Hudson's Bay in 1948, and converted to offices leased to SAP). It can be divided into four separate units. The Starline windows manufacturing plant, warehouse and office was developed as an earlier project on the adjacent part of the the same block of land (addressed to 36th Avenue). I don't think the Walmart building has more than one storey either, apart from the small office component.

[jollyburger]

Metro Vancouver had a presentation from Colliers on industrial land intensification:

http://www.metrovancouver.org/boards...-May-7_AGE.pdf

And a Surrey Board of Trade tour of Campbell Heights by Lee Associates back in August:

https://businessinsurrey.com/wp-cont...ation-Copy.pdf

Amazon, Starline Windows, Save-On, Loblaws, Walmart, Sobeys, Sleep Country, Flynn

[SpongeG]

I stumbled upon the area in the spring by accident while out on a random drive, its pretty crazy all of a sudden you are in an area with massive warehouses and buildings with offices, restaurants etc. So much going on in that area.

don't forget this one. It is under construction out there. The China World Trade Centre. A development partnership by a China state-owned company and a local developer.



https://www.raphaeljohnpierre.com/bl...n+Surrey%2C+Bc

this is a more updated article of interest which also mentions the complex.
https://vancouversun.com/opinion/col...nts-with-china

[hollywoodnorth]

I did not know about this but apparently when GLOUCESTER INDUSTRIAL PARK was planned in the late 70's there was a golf course planned to run through it. but that never happened and the land is now more or less "natural" but apparently it will be developed in some form >>
https://www.beedie.ca/industrial-rea...-suit-langley/



pic from link below


https://www.beedie.ca/industrial-rea...-suit-langley/

[hollywoodnorth]

Also I did not know that PARKWOOD INDUSTRIAL PARK in Delta was "full approved" but apparently it is with PHASE 1 well underway (I saw site prep when I was out there in the summer). I hope the freeway overpass and partial interchange is built ASAP >>

https://www.beedie.ca/industrial-rea...to-suit-delta/

https://www.beedie.ca/wp-content/upl...re_13Apr21.pdf

[zahav]

Industrial space is just on a tear out here, the various reports really show just how much demand there is. I really hope they start releasing more land for this. I wondere how much land is tied up in the ALR vs. how much could realistically be rezoned for industrial. I feel like Surrey and Langley still have quite a bit more land, even with the ALR in place.

[SpongeG]

Calgary warehouses in high demand as Vancouver vacancy rate close to zero

'It's the most rapid decline in vacancy rates that we've seen in Calgary,' analyst says
Elise von Scheel · CBC News · Posted: Oct 13, 2021

Calgary is in the middle of an industrial real estate boom as high rental prices and low vacancy rates in places like Vancouver drive companies to snatch up warehouse space.

The vacancy rate for warehouses, distribution centres and other bays has dropped to five per cent in Calgary and the surrounding area, according to a market report from Colliers.

"It's the most rapid decline in vacancy rates that we've seen in Calgary, certainly in my career," said Tyler Wellwood, a senior vice-president of industrial properties with Avison Young in Calgary.

Amazon, Walmart, Home Depot and Canadian Tire have all established facilities in Alberta in the last few years.

Lowe's distribution centre is the most recent major project. Construction of a 1.2 million square foot space near Balzac was completed this summer.

...

Location, cost, availability

Calgary is cheaper and has more options for space than other distribution hubs like Vancouver, making the city a draw as the B.C. city nears a zero per cent vacancy rate for industrial space.

Purchasing a warehouse here costs an average of $3.5 million less than in Vancouver, according to a 2018 analysis by Triskele Logistics for the City of Calgary. It also found shipping costs by truck within Western Canada are almost 50 per cent cheaper from Calgary than from Vancouver.

The average lease rate per square foot of space there is $15.50, per industry reports. Calgary's prices are nearly half that, at $8.20 per square foot for large warehouse space.

Because Calgary sits on major highway and rail axes that go north-south and east-west, an estimated 50 million consumers are within 24 hours of ground transportation.

Calgary also has no shortage of land for new warehouse space, whereas Vancouver's geographic growth is limited by the mountains and ocean.

...


https://www.cbc.ca/news/canada/calga...mand-1.6209646

[jollyburger]

They can use their office towers for warehouse space lol

[SeymourDrake]

I don't see why the COV and surrounding areas can't start going underground for warehouse space? You could literally build a underground highway for just industrial space.

Why not change farmland to multi use space. Farm on top, warehouses on the bottom underground.

Whats the deepest underground space in greater vancouver? Also whats the deepest developers are allowed to build?