“In the last year, industrial developer Ryan Beedie has moved into the more precarious world of residential development.

When asked why he’d bother, Mr. Beedie, who already oversees $1-billion in industrial real estate assets, agrees that it’s partly due to one simple reason. He’s bored.

“Absolutely,” he says, without hesitation, straightening up in his boardroom seat. “You are absolutely right. ‘What’s this shiny thing over here?’ Absolutely. We have also expanded industrial into Alberta – we have quite a few projects now going on in Calgary. Again, why do that? Good question. Because it’s fun – it’s a new experience.””

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VANCOUVER — Global investment banking giant Credit Suisse will move ahead with plans to construct a 30-storey office tower over top the historic Vancouver Stock Exchange building after city council voted Tuesday to approve a rezoning application that will more than double the maximum density on the site.

The Exchange project, worth an estimated $200 million, will add 369,000 square feet of premium office space to the downtown core and employ an estimated 400 people during construction.

City staff had earlier recommended council approve the application, reasoning that it will contribute to Vancouver’s job space, economic development, heritage and sustainability objectives.

Read more: http://www.vancouversun.com/business/Vancouver+Stock+Exchange+building+expansion+move+ahead/7542502/story.html#ixzz2CAsoGNIO