Downtown Vancouver Updates

[jollyburger]

Originally Posted by Klazu

It's an end of an era.

It was updated on "Nov 24, 2022 1:44 PM" so I'll assume it still might be there if they haven't deleted the notice.

[seamusmcduff]

Originally Posted by Feathered Friend

The reason the curved windows were cut was due to the new realities of the rental market

I wonder what they meant by this, I'm sure the excuse is meant to be "it's too expensive to justify for rentals", but in reality it's "the rental market is so hot right now that we could build literally anything and it would have no problem being rented".

[officedweller]

Originally Posted by jollyburger

Amazing, they're finally taking down that Telus crane? Or is it already gone?

Yes, it's already gone.

By me today:

[Changing City]

The Westbank / BC Housing redevelopment of the Stanley & New Fountain hotels is now completed. Tenants can move into the market rental from 1 December. Details (and the picture source) Changing City blog.

[SpongeG]

nice, it's a nice addition to the area.

[hollywoodnorth]

do we know who took the nightclub space on the ground floor?

[mcminsen]

Originally Posted by jollyburger

Amazing, they're finally taking down that Telus crane? Or is it already gone?



http://vanmapp1.vancouver.ca/roadahead/events/details/cc2f11f9-157e-4dd2-8c7d-f31baf04df0e

Originally Posted by officedweller

Yes, it's already gone.

By me today:

...

Bye bye Telus crane...





Nov.26 '22, my pic

[phesto]

Not sure if it was mentioned earlier in the thread, but Solterra Development closed on the purchase of the Terrace House project at 1255 West Pender about two months ago.

There have been people on site in the past week although not sure if it's at all construction related or perhaps just consultants reviewing the existing structure.

Haven't seen any news about the project...

[jollyburger]

Originally Posted by phesto

Not sure if it was mentioned earlier in the thread, but Solterra Development closed on the purchase of the Terrace House project at 1255 West Pender about two months ago.

There have been people on site in the past week although not sure if it's at all construction related or perhaps just consultants reviewing the existing structure.

Haven't seen any news about the project...

However, almost exactly a year later, another opportunity presented itself. The secured creditor’s refinancing plan had failed and another sales process was opened up. On its second attempt, Solterra’s purchase agreement was approved and withstood another attempt at appellate intervention after the same secured creditor failed to file their materials in time, and was denied an extension of time: Port Capital Development (EV) Inc. (Re), 2022 BCSC 1655. Leave to appeal from that decision was also denied by the Court of Appeal: 1296371 B.C. Ltd. v. Domain Mortgage Corp., 2022 BCCA 331.

By the end of September 2022, Solterra had completed its acquisition of the project, leaving the sale proceeds for distribution to debtors’ creditors.

Fasken represented Solterra in the CCAA proceedings with a team that included Kibben Jackson, Tom Posyniak, and Rebecca Nguinambaye. Carmine Boskovich was counsel for Solterra in relation to the real estate closing.

https://www.fasken.com/en/solution/clien...urchase-of-the-terrace-house-development

[jollyburger]

New P3 and Facilities Management Advisory Mandate for Sinclair Centre Redevelopment Project
November 24, 2022

We are thrilled to announce a new mandate with Public Services and Procurement Canada (PSPC) to provide Public-Private Partnership (P3) commercial and procurement advisory services – including facility management (FM) advisory services – for the Sinclair Centre Redevelopment Project in joint venture with Tiree.

Located at 757 West Hastings Street in the heart of downtown Vancouver, B.C., the Sinclair Centre consists of four heritage buildings originally built between 1910 and 1940. Spanning an entire city block, the centre currently houses an upscale retail mall, federal offices and Services Canada office.

With an estimated construction cost of more than $500 million, the P3 redevelopment project will include design, heritage conservation, new construction, tenant fit-up and maintenance of approximately 11,000 sq. m. of space. The project will create a modern and sustainable federal hub in Vancouver that respects heritage, historical and cultural influences.

The redevelopment is an opportunity to revitalize the Sinclair Centre by enhancing heritage conservation; upgrading seismic requirements; integrating Indigenous, social and cultural considerations; advancing sustainability and greenhouse gas (GHG) emission reduction; and updating federal office space to meet future needs.

https://www.colliersprojectleaders.com/n...or-sinclair-centre-redevelopment-project

[Migrant_Coconut]

No design until 2024? I know it's the feds, but come the hell on...

[officedweller]

Thanks.

From the Federal website:

Project description
The redeveloped Sinclair Centre will become the anchor location for centralized federal services in downtown Vancouver. In addition to offering important services to the Canadian public in a convenient location, the redeveloped centre will also accommodate federal departments in a modern, cost-effective and flexible workspace. The revitalized Sinclair Centre is planned as a net-zero carbon facility and will incorporate the latest sustainable technologies. The redevelopment will also meet accessibility requirements while preserving the site’s existing heritage importance.

Goals and objectives

This redevelopment project will:

• consolidate federal office space in downtown Vancouver to a Crown-owned site, making it possible to release many leased spaces over the next decade
• provide an opportunity to enhance the heritage conservation of Sinclair Centre
• integrate Indigenous, social and cultural considerations and advance Indigenous reconciliation
• advance sustainability and greenhouse gas (GHG) emission reduction targets
• transform federal office space to meet the needs of the future

Project schedule

Initiation
Completed: Business case (justifies initial funding required for the project planning phase)

Planning
Completed: Updated business case (additional funding to advance the design and develop the contract)

Definition

• Completed: Contract awarded for owner’s architectural and engineering technical advisor on September 1, 2022
• The technical advisor will assist with advancing schematic designs and preparing documentation for the contract
• Completion expected in 2025 with the awarding of the contract

Execution

• Completion of construction expected in 2030 to 2031
• Operation of the building, by the consortium, is predicted to be for 25 years under the contract

High-level phases
The different milestones and steps for each phase are listed below.

Pre-procurement

• Schematic design
• Finalizing the schematic design supports the development of the contracting documentation and business case updates
• Completion in 2024
• Project agreement and procurement development
• The project agreement is the contract with the private partner that outlines all the project requirements and is therefore the key document in the pre-procurement phase
• Complete all of the procurement documents and templates needed during the procurement phase for tenders and bids
• Completion expected in 2024

Procurement
The procurement phase is split into 4 separate parts:

• part 1: letter of intent posted
• part 2: RFP open (period during which the proposals are received)
• part 3: RFP closed (period during which the proposals are evaluated)
• part 4: contract awarded

By the end of the procurement phase, a contract will be awarded to the consortium. The project will then move on to the construction phase, and construction on the Sinclair Centre complex will begin. The procurement phase is expected to be completed in 2025.

Construction
The construction phase of the project is split up into several steps:

• the contract is expected to be awarded in 2025
• the site mobilization, planning and independent engineering services are all expected to start when the contract has been awarded
• the Sinclair Centre complex will be vacated in 2024
• the destructive inspection phase will then start in 2025
• development of the detailed design process is expected to start after the contract has been awarded and to last until 2026
• construction will begin in 2026 and extend to 2030

https://www.tpsgc-pwgsc.gc.ca/biens-property/construction/cen-sinclair-cen-eng.html

[madog222]

Sinclair Centre will definitely deserve it's own thread once it gets going.

[VancouverOfTheFuture]

11,000sqm? that doesnt seem like that much as that's about 120k sqft.

[madog222]

Originally Posted by VancouverOfTheFuture

11,000sqm? that doesnt seem like that much as that's about 120k sqft.

Entire project will be 75-100k sqm.

Originally Posted by madog222

Project Brief: https://buyandsell.gc.ca/cds/public/2021..._brief_-_executive_summary_-_english.pdf

-75,000-100,000 sqm (800,000-1,075,000 sqft) total
-Construction 2024-2029

I take the 11,000sqm to be space the P3 private partner will lease out for their profit.

[officedweller]

With an estimated construction cost of more than $500 million, the P3 redevelopment project will include design, heritage conservation, new construction, tenant fit-up and maintenance of approximately 11,000 sq. m. of space. The project will create a modern and sustainable federal hub in Vancouver that respects heritage, historical and cultural influences.

Originally Posted by VancouverOfTheFuture

11,000sqm? that doesnt seem like that much as that's about 120k sqft.

I think

"maintenance of approximately 11,000 sq. m. of space"

should read

"retention of approximately 11,000 sq. m. of space"

... blame our educational system.

[jollyburger]

Originally Posted by madog222

Entire project will be 75-100k sqm.

I take the 11,000sqm to be space the P3 private partner will lease out for their profit.

Occupancy:
x Office Space for Government of Canada (Private / Special Purpose, Semi-Private / Public Facing)
– approx. 65,000sm
o Generic Office Space: approx. 40,000sm (approx 10% public facing component)
o Special Purpose Office Space: approx. 25,000sm
o Approx 3,000 work points for 6,000 ftes
o Approx 15 departments (ranging from 2,000-15,000sm each)
x Ground Floor: Retail – approx. 3,000sm

https://buyandsell.gc.ca/cds/public/2021.../ABES.PROD.PW_TPV.B019.E8981.EBSU000.PDF

[Changing City]

Originally Posted by officedweller

I think

"maintenance of approximately 11,000 sq. m. of space"

should read

"retention of approximately 11,000 sq. m. of space"

... blame our educational system.

I assumed the maintenance referred to "Operation of the building, by the consortium, is predicted to be for 25 years under the contract" and the 11,000 was a typo for 110,000 sq. m. of space

[officedweller]

Originally Posted by Changing City

I assumed the maintenance referred to "Operation of the building, by the consortium, is predicted to be for 25 years under the contract" and the 11,000 was a typo for 110,000 sq. m. of space

Hmmm... I suppose it could refer to maintenance of common areas.

[VancouverOfTheFuture]

Originally Posted by madog222

Entire project will be 75-100k sqm.





I take the 11,000sqm to be space the P3 private partner will lease out for their profit.

that would make way more sense, and about what i would expect. i will be curious to see what they come up with for a design. hopefully something interesting.