Quote:
Originally Posted by LeftCoaster
I'm surprised people aren't more floored by this news.
1,000,000 sq ft is unprecedented in Vancouver. Just as an FYI Teck, Goldcorp, Telus all take in the 100,000 to 200,000 sq ft range downtown.
This would change the face of downtown Vancouver if it comes to fruition.
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It's a massive single tenancy, if it comes true. It would make sense of the switch from the original plan for residential/mixed use to all commercial. What doesn't seem to add up in that story is the suggestion that Amazon would have 2,000 employees. If that's true, then a lot of the space would be occupied with something other than people - like a big warehouse / fulfillment centre with a lot of automation and relatively few workers. These days nobody occupies new office space at an average 500 sq. ft. per employee - not even lawyers. As the original plans had some less than ideal retail space in big boxes, a warehouse space might make more sense - although somebody might be upset that a potential Downtown mall might disappear.
The original proposal had 700,000 sq. ft. of residential, and 956,000 of commercial. That included 200,000 sq. ft. of above grade parking, 270,000 sq. ft. of retail and 512,000 sq. ft of office.
We'll see what the numbers are on the new version, but they can probably reduce the parking, if they want, and easily still have 1.3 million sq. ft. of commercial with two blocks over the heritage structure.