Quote:
Originally Posted by Caliplanner
Vancouver's local government and B.C.'s provincial government need to generate ideas as to how to attract more head office operations (especially oil/gas related ones if poosible from Alberta). This beautiful city has to stop thinking of itself as a "branch operation" urban center and more so as a head office oriented metropolis! I keep wondering why Vancouverites don't encourage all those wealthy Asian immigrants to set up major head offices for investment banks in Vancouver (with a business angle being the finance of various mining/resource extraction operations across North America).
|
Because before, Vancouver had this "Living First" policy where office projects take a back seat, residential condos are priority, and anyone that wants to setup a large office here have other cities in the region, country or world that are simply more attractive. Actual examples of buildings that was a direct result of this Living First policy (and mentality) was The Hudson, Jamieson Place, and even how the Exchange evolved from pure beauty to sheer ugliness.
It was only a few years ago that this policy is no longer applied, starting with the moratorium to halt residential construction / conversion in the central business district, and with the combination of a business friendly Provincial government, this is why commercial developers are more than willing to build more office buildings, some even on spec (including this one prior to MNP signing on).
With regards to attracting investment firms for those wealthy immigrants, such firms have these choices over Vancouver....Toronto if it must be in Canada, or at any major Asian city such as Hong Kong, Shanghai, Singapore or Tokyo. Those cities are already established, and what little investment firms we have here, even those had to deal with Toronto or those other Asian cities for the most part anyway.
All this factor in to why MNP Tower is the way it is, with the small floorplates and all. Its the same with other office buildings underconstruction, they are not really very big. I doubt the city of Vancouver can support office buildings that are the same size as those recently built or being built in Calgary and Toronto.