[New Office Space] An inventory of upcoming projects

[SFUVancouver]

NAME | ADDRESS | NUMBER OF OFFICE FLOORS | TOTAL AREA | STATUS

Under Construction

1. Jameson House | 838 West Hastings | 7 floors | 86,500 sq ft / 8,045 m2 | u/c source
2. Hotel Georiga Tower | 699 Howe Street | 8 floors | 60,000+ sq ft / 5,500 m2 | u/c source
3. Broadway Tech Centre | 2955 Virtual Way (East Broadway at Renfrew) | 4 floors | 114,000 sq ft / 10,600 m2 | u/c source




Development Process

1. GM Place Office Tower | 800 Griffiths Way | 22 floors | 260,000+ sq ft / 27,800+ m2 | development application source
2. Bentall Office Tower | 745 Thurlow Street | 23 floors | 400,000+ sq ft / 37,000+ m2 | rezoning application source
3. "Skinny Infill Condo Tower" | 1255 West Pender | 2 floors | <10,000 sq ft / 930 m2 | development application source
4. Broadway Tech Centre | 2910 - 2940 Virtual Way (East Broadway at Renfrew) | 4 bldgs, 3 - 7 storeys | total 533,000 sq feet / 49,500 m2 | rezoned, phased development source
5. MetroLiving | 999 Seymour | 4 storeys | ~20,000 sq ft / 1,800 m2 | rezoning source


Concept

1. Oakridge Expansion | 650 West 41st Avenue | ? | in the range of 70,000 sq feet / 6,500 m2 to 200,000 sq feet / 18,500 m2 of office space | policy statement approved by Council source
2. Marine Station | Marine Drive & Cambie Street | ? | ? | Developer PCI Group lists it as "upcoming 2007-2013" source
3. Amacon Tower | Melville Street (beside the Hotel Loden) | ? | ? | rumour?

What have I missed?

Amacon rumour added
Woodward's added
Skinny infill condo tower on Pender Street added
Broadway Tech Centre added
Atelier added
MetroLiving (999 Seymour) added
Raffles on Robson added
Flack Block added

[Canadian Mind]

Amacon tower? or do you want something with a bit more teeth than just early design stage?

[osirisboy]

is there going to be any office space in woodwards?

[SFUVancouver]

Well there will be some 60,000 sq feet of office space in Woodward's, but I do not know if it will all be marketed as commercial real estate. My understanding is that government will use a third of this and the remainder will be made available and I would imagine DTES organizations would have priority or the courtesy of preferred bidder status. There will also be 30,000 sq ft of dedicated non-profit space that could be considered office and for the sake of the list I've added it for a total of 90,000.

Arguably this still counts as an increase in office space but it will not have the same effect on the overall commercial office space as the other projects on the list.

Here is a link to the best aggregation of Woodward's information I've come across to date.

If the GM Place Office Tower and Bentall both go ahead we will have a million square feet of office space under construction in the next year or so. If it does happen then the market will have officially responded.

[Hed Kandi]

Wasn't there an article awhile back that mentioned Vancouver needed something like 30 million sq ft of new office space ?

[nathan6969]

^^Ya I think i remember that, didn't it say we needed the equivalent of the WTC in Vancouver, what ppl don't realize when they see low vacancy rates, is that the vancouver market doesn't have any depth, its not like calgary, if you put another million sq ft in the next couple years the vacancy rate will easily be back to more manageable levels, there just isn't that kind of demand for huge downtown office space.

[Mike K.]

That's rad, thanks for this list.

[djh]

Crossroads is more like 11 or 12 floors, I believe that's the right number

[SFUVancouver]

^ That may be true for the height of the building but the number listed on their website, which could be wrong, was 5. Don't forget there is a pretty healthy retail podium. If someone can nail down the number that would be welcome.

I also added the Broadway Tech Centre at East Broadway and Renfrew. It is classified as high tech office but that is office space all the same. Think of how many Class A, B and C office space in this city is used as "high tech office". The overall seven-building Broadway Tech Centre will be in the 900,000 range. The building that is currently under construction is being built ot LEED Silver equivalency.

[giallo]

Cool.
Thanks, SFU.

[SFUVancouver]

Thanks.

I've added a couple more as they occurred to me. It is neat to see how these little projects, vertical infill, if you will, are actually adding up to an okay amount of new office space under construction. Individually these projects are not on par with a purpose-built office building but when taken together they do add up.

[officedweller]

The MetroLiving project at 999 Seymour will have a small office component - see City report here for sq ftage details:

http://vancouver.ca/ctyclerk/cclerk/...cuments/p1.pdf

I think Raffles has some office in the podium too.

[phesto]

A bit more info:

Raffles will have 26,528 of rentable area on floors 2 and 3, available for fixturing May 2008 (hasn't been leased yet).

The Morris Building, 1575 West 6th - this was supposed to be under construction back in 2005, but was never built. They're still marketing it. If someone preleased the entire thing today they suggest it could be ready by mid-2009. 5 floors, 31,885 sq ft. I wouldn't hold my breath on this one, mostly because the rents they need to build it don't make sense for that location.

--------

A law firm has apparently leased the floors Bell had for sublease in Bentall 5...there are currently only TWO available spaces over 20,000 sq ft anywhere downtown - at 1075 W. Georgia and 1133 Melville.

[SFUVancouver]

^Thanks for the Raffles info.

I've added the Flack Building in Gastown/Victory Square that the Salient Group is reno'ing and adding a floor to. That pushed us over half a million sq ft of office space actively under construction. Does anyone know the details about the Yaletown Brewing Company building and its two-storey office addition?

[raggedy13]

There's also the rumoured Manulife office building for the northeast corner of Howe and Nelson. I think its planned at 17 storeys. Don't know anything about the square footage though.

[officedweller]

For the Yaletown Brewing expansion - try search the City's website - try searching council agendas and minutes using "Mainland"

[murman]

Originally Posted by SFUVancouver

NAME | ADDRESS | NUMBER OF OFFICE FLOORS | TOTAL AREA | STATUS

Under Construction

1. Jameson House | 838 West Hastings | 7 floors | 86,500 sq ft / 8,045 m2 | u/c source
2. Cross Roads | 525 West Broadway | 5 floors | 80,000+ sq ft / 7,400 m2 | u/c source
3. Hotel Georiga Tower | 699 Howe Street | 8 floors | 60,000+ sq ft / 5,500 m2 | u/c source
4. 1022 Living | 1022 Seymour Street | 2 floors | 28,600 sq ft / 2,650 m2 | u/c source
5. Woodward's | 101 West Hastings Street | 2 + 3 + 4 floors | 90,000 sq ft / 7,250 m2 | u/c source
6. Broadway Tech Centre (Bldg 1) | 2955 Virtual Way (East Broadway at Renfrew) | 4 floors | 114,000 sq ft / 10,600 m2 | u/c source
7. Atelier | 833 Homer Street | 2 floors | ~28,000 sq ft / 2,600 m2 | u/c source
8. Raffles on Robson | ? | 2 floors | 26,500 sq ft / 2,460 m2 | u/c source
9. Flack Block | 163 West Hastings | 4 floors | ~50,000 sq ft / 4,650 m2 | u/c *(complete bldg renovation and 1 floor addition) source


Total: 548,500 square feet / 51,250 square metres

For those items u/c, can anyone please advise anticipated completion dates?
I know that Raffles is 2008, and Jameson is 2009, but after that...

Thanx!

[SLC]

Originally Posted by SFUVancouver

^Thanks for the Raffles info.
Does anyone know the details about the Yaletown Brewing Company building and its two-storey office addition?

See http://www.yaletownofficespace.com

Electronic arts may be taking some or all of the space (rumour).

[hollywoodnorth]

wow this thread is alive!

[rather_draconian]

Let's give this thread a kick-start because I like office space.

Well now we can't count on Jameson's office...and I think EA and some other video game company just cut their Vancouver workforces.

Where was EA's Black Box studio located before it was dissolved?