Solving the Metro Vancouver Industrial Land Shortage?

[madog222]

Here's a small proposal at 365 Railway Street by Allied Properties REIT, designed by Perkins+Will.
Four stories of new mass timber construction over the existing 1940s 3 story (lane level) concrete building which will be rehabilitated and heritage designated. 41k sqft of manufacturing on the lower four floors and 21k sqft of office space on the upper 2 floors.

https://shapeyourcity.ca/365-railway-st


Image from Allied Properties / Perkin+Wills https://shapeyourcity.ca/28786/widge...ocuments/76786

[jollyburger]

PC Urban bought 8696-8700 Barnard Street (3.67 acres) for $9.3 million/acre

https://www.cushmanwakefield.com/en/...er-marketbeats

[jollyburger]

Originally Posted by jollyburger

PC Urban bought 8696-8700 Barnard Street (3.67 acres) for $9.3 million/acre

https://www.cushmanwakefield.com/en/...er-marketbeats

8696 Barnard St
Three new mixed-use buildings containing manufacturing, office, and storage uses with:

A proposed FSR of 1.76 (215,203 sq. ft. / 19,993 m²)
Proposed building heights of 27.62 m (90 ft. 7 in.), 24.36 m (79 ft. 11 in.), and 8.33 m (24 ft. 4 in.)

https://shapeyourcity.ca/8696-barnard-st

[jollyburger]

Wesgroup at 1150 Raymur



https://shapeyourcity.ca/1150-raymur-ave

[jollyburger]

Along with that PC Urban transaction.. Amazon bought 12.45 acres at 86 & 168 SE Marine Drive from Hungerford for $150 million

$12 million an acre

https://www.cbre.ca/en/research-and-...igures-Q4-2021

Hungerford just bought it in 2018 and I think they withdrew their development application for a storage warehouse before it was about to go for review.

https://vancouversun.com/business/co...-redevelopment

And some ecommerce firm signed a pre-lease on 503,813 square feet at 8011 Zylmans Way in Richmond. Not Amazon?

[Changing City]

Originally Posted by jollyburger

Along with that PC Urban transaction.. Amazon bought 12.45 acres at 86 & 168 SE Marine Drive from Hungerford for $150 million

$12 million an acre

https://www.cbre.ca/en/research-and-...igures-Q4-2021

Hungerford just bought it in 2018 and I think they withdrew their development application for a storage warehouse before it was about to go for review.

Nice find; the Amazon purchase has really flown beneath the radar. The purchase price by Hungerford from WalMart was reported as $90m, so they've done well to sell for $150m. They have had expenses since then for the demolition of the old Dueck building, that had issues because the roof had caved in. The contractors put the work on their website (with pictures of them sorting all the materials for recycling). While they talked about light industrial and retail, I don't recall an application by Hungerford on the site - they have a current commercial project on the Kia dealership site down the street that seems to have been their main focus.

It'll be interesting to see if Amazon go multi-storey, like their Burnaby building being developed by Oxford at Riverbend, and whether any energy efficiency elements are included. There was mention of a Vancouver warehouse in May last year, but no location was identified. It's likely it'll be fully robotic so only a few hundred jobs, at best.

[WarrenC12]

I wonder how that will impact traffic in the area. Hopefully they showcase it with as much modern technology as possible. Some electric delivery vans from Rivian would be great.

[jollyburger]

Some property on Powell that sold/on sale

1357–1449 Powell Street, Vancouver
54,946 SF office/warehouse building
f Multi-tenant building on 1.64 acres
$24,293,000 ($442 PSF)

Another 1.3 acres across the street is also for sale with a $32 million dollar asking price

Right now it's 57K square feet but with 5 FSR they can build out 280K square feet.

https://macdonaldcommercial.com/docs...-Vancouver.pdf

[GenWhy?]

Would be fun to see what they can do with that 1934 warehouse on the lot (as in save Powell St Brewery somewhere on there).

[jollyburger]

Amazon grabbed 700K square feet at Riverbend

https://biv.com/article/2022/03/amaz...ndustrial-park

Seattle-based retail giant Amazon has leased the sixth and final building in Burnaby B.C.’s new Riverbend Industrial Park, Canada’s first multi-storey industrial build, which was developed on speculation by Oxford Properties Group of Toronto.

The lease of the entire 707,000 square foot space brings development of the 1.35- million-square-foot business park to a successful completion, according to Jeff Miller, head of industrial at Oxford Properties, the real estate arm of OMERS, the pension plan for Ontario's municipal employees.

Formerly an abandoned paperboard milling operation and landfill, Oxford has transformed Riverbend into an environmental award-winning business campus.

The last of the site’s six buildings to be constructed – having broken ground in late 2019 – Amazon will commence operations at the multi-storey complex upon its completion in the fourth quarter of 2022.

"Vancouver is one of the tightest and most land-constrained industrial markets in the world, so we knew bold solutions were required to deliver the type of footprint demanded by the growing digital economy,” Miller said. “

Metro Vancouver’s industrial vacancy rate, as of the end of 2021, was 0.4 per cent, the tightest among large Canadian cities, according to Colliers Canada. Average industrial lease rates were up 18.8 per cent from a year earlier at $18.80 per square foot.

Riverdale’s multi-storey design optimized the amount of industrial space that could be built on the 65-acre site, which included 14 acres of landfill. It is the largest speculative development ever constructed in Greater Vancouver, according to Miller.

Purchased by Oxford in 2011, mountains of waste and debris was removed from the site and converted back into developable land. Additionally, Oxford implemented several initiatives to restore the shoreline of the adjacent Fraser River. Invasive and non-native plant species were removed, improvements made to fish habitats and shoreline erosion protection measures installed. The brownfield site earned the 2019 City of Burnaby Environmental Award.

Comprised of six fully leased buildings, Riverbend’s tenants include the Mercedes and Volvo fuel-cell joint venture cell-centric, Article, Canada Post and now Amazon.

The Riverbend facility features a heated truck ramp to access the second level. It includes 124 loading doors at three separate truck entrances spread across the two levels. The ground floor is 437,000 square feet and the upper level covers 270,000 square feet. It has a clear height of 32 feet and the floor is eight-inch reinforced concrete capable of supporting 500 pounds per square foot.

The business park also provides employee amenities including walking trails, end-of-trip facilities and a pedestrian pier that overlooks the Fraser River.

[jollyburger]

More restrictions on self-storage in Vancouver

-No first level self-storage
-No self-storage near rapid transit stations

https://council.vancouver.ca/20220301/documents/rr6.pdf

[hollywoodnorth]

WALMART OPENS VERTICAL DISTRIBUTION CENTER IN SURREY

https://bc.ctvnews.ca/video?clipId=2422115



Walmart opens 300,000-square-foot South Surrey distribution centre

Technologically-advanced building aims at energy-efficiency, sustainability

https://www.aldergrovestar.com/busin...bution-centre/

“Building vertically was a means of reducing our footprint,” he said. “Built traditionally, it would probably have covered around 500,000 square feet.”

[hollywoodnorth]

Multifloor Industrial spreads to the Valley >>

https://hylandbusinesscentre.com/

https://www.urbanyvr.com/hyland-ii-l...strial-surrey/

[hollywoodnorth]

and another in Vancouver RIVERWORKS in SW Vancouver next to the Transit Depot off Granville >> https://riverworksvancouver.com/

[jollyburger]

Not sure if this is new or net Jerzy's Corner at 1101 Union



https://www.collierscanada.com/en-ca...ada/can2009904

[Changing City]

Originally Posted by jollyburger

Not sure if this is new or net Jerzy's Corner at 1101 Union

It was submitted with a different design, and approved in 2018. They've put the office space into two upper floors, so it's now taller, but the same total space: 2 FSR industrial and 1 FSR office. Like several other new multi-storey buildings in the Clark Drive area it's being offered as potential lab space.

[GenWhy?]

Ya last drawings I saw they were trying for the full conditional height (100').

[jollyburger]

From March but Toyota Canada sold their parts warehouse in Delta to Beedie. 267,000 square feet.

It was their wheel rim production facility

https://www.diecastmachinery.com/Toy...rts_Toyota_Inc

https://www.westerninvestor.com/done...illion-5127316

[Changing City]

Another multi-storey industrial building proposed for the Clark Drive industrial area. 1360 Napier, 59,000 sq. ft. on 5 floors.

[jollyburger]

140-Acre, 11-Building Industrial Park in BC Begins Construction

Abbotsford is the largest city in British Columbia by area, so it makes sense that it’s set to be the home of a huge new industrial development: the Xchange Business Park.

Developed by QuadReal Property Group and Hungerford Properties — both based in Vancouver — the colossal new build will be located on 3707 Mount Lehman Road, just north of the Trans-Canada Highway, six minutes from Abbotsford International Airport, and with access to the United States border via Sumas Crossing, Aldergrove Crossing, and Peach Arch Crossing.

https://storeys.com/xchange-business...-construction/