Quote:
Originally Posted by Sheba
I took a quick look back and the old press releases said '10 towers inc 2 office towers'. Has that changed and / or is that enough to count as serious office space?
|
I think that's still the intent, but obviously we haven't seen the intent turn into something concrete yet. As far as I can see Shape have no office space in their portfolio; only retail, so it will be a new venture for them. As we know from their Lougheed rezoning, while the zoning permits 6 FAR of commercial, they're currently intending 1.5 FAR, and much of that is retail space, and up to now there hasn't been a focus on building the commercial space (other than retail) alongside the first residential towers in their two Burnaby schemes. I'm not sure how the zoning works in Burnaby; whether they have to deliver some of the commercial space in order to be able to build later residential towers. If so, that's obviously an incentive.
The description on their website doesn't create much confidence: "At a rare 28-acre site connected to rapid transit, The Amazing Brentwood will be a complete, walkable neighbourhood that elevates the standard for urban design and quality of life in the region. An on-site SkyTrain station will connect residents and visitors to a signature public plaza filled with festivals, markets and seasonal events. Wide, tree-lined boulevards will feature the region’s top selection of restaurants and merchants. And 11 residential towers will crown the property, bringing thousands of citizens downstairs to shop, dine, work and experience The Amazing Brentwood every day."
No mention of office there; and the floorspace table says 1,100,000 sq. ft. retail, 4,500,000 sq. ft. residential (6,000 units), Up to 1,000,000 sq. ft. office. Notice the 'up to'?