Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development, Office

Hudson Pacific Submits Plans for New Bentall Centre Tower

Hudson Pacific Properties has submitted their formal rezoning application to the City of Vancouver for permission to develop a new office tower at the Bentall Centre, a plan that was first announced earlier this year.

The project, with an address of 1025 Dunsmuir, would see a new hybrid mass timber 16-storey office tower above a one-storey podium constructed in between Bentall 3 and Bentall 4, on the Northwest corner of the site. Details include:

  • A total floor area of 461,619 sq. ft.
  • Office floorplates ranging from 27,700 to 30,425 SF;
  • A building height of 260 ft.;
  • Two levels of underground parking with 173 vehicle parking spaces & 273 bike parking spaces.

Under the site’s existing DD zoning(External link), the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is KPF.

December 7, 2021by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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