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

New Bocci Headquarters Design for East Georgia Street Site Unveiled

Bocci, a local lighting design and manufacturing company, has submitted a development application for construction of a new headquarters building located on East Georgia Street, across from Woodland Park in East Vancouver.

The proposal envisions a 7-storey concrete headquarters including manufacturing and office space, as well as a ground floor restaurant space. The site is 17,150 SF in size.

The project includes:

  • 35,000 SF of manufacturing space;
  • 13,500 SF of office space;
  • 3,300 SF of restaurant space;
  • amenity space including exhibition space;
  • A building height of 100 ft.;
  • A total density of 2.99 FSR;
  • Parking and loading having vehicular access from the lane.

The application describes the design: “The floors above street level would include an interconnected glass atelier, studio, office, warehouse, production facility, prototyping area, and archive. The perimeter of the building features a series of balconies that provide our employees with access to natural ventilation, light, and green areas. These green areas cascade up to a forested roofscape, extending the visual greenspace of Woodland Park.

This development will make use of a newly-refined technique wherein concrete is poured over a fabric formwork. This formwork would describe the building’s vaulted internal spaces and transition through to the exterior balconies, revealing complex forms visible from the building facade.“

Under the site’s existing I-2 zoning, 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 Mallen Gowing Berzins Architecture (MGBA) Inc.

November 28, 2022by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

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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