The owners of Vancouver’s Bentall Center, one of the city’s most iconic office complexes, have submitted to the city plans to build the Burrard Exchange, a new 450,000-square-foot 16-story hybrid pulpit office and on-site retail development.
Hudson Pacific Properties and Blackstone Real Estate unveiled the company Thursday morning. If approved, the project would create one of the tallest exposed pulpit office buildings on the continent.
In the announcement, the companies say the site, which will replace an existing parking facility, is one of the last remaining major development sites in the core of Vancouver.
“The Burrard Exchange will be the culmination of Bentall Center’s years of transformation into a modern campus and landmark destination for workers, locals and visitors in the heart of downtown Vancouver,” said Chuck We, senior vice president, Western Canada for Hudson Pacific, in the announcement.
“We are proud to be able to contribute to the local economic recovery with this major investment and support the City of Vancouver’s climate action plan with an innovative mass evacuation proposal.”
Key Features of the Burrard Exchange
Among its features, the Burrard Exchange will include:
-about 30,000 square feet of floorboards, almost twice the size of typical Vancouver office buildings;
-Natural interior surfaces unique to bulk timber, with 14.5 foot floor to floor heights that provide more natural light;
– terraces and loggias on half of the 16 floors of a total of 21,000 square feet
– roof terrace with conference area, meeting rooms and outdoor seating for tenants;
-lobby connection to the sub-stores in Bentall Center with shops and services for tenants and the public;
pavilion in class to unite the new 20,000 square meter space and create one of the largest outdoor gathering places in the center;
– bicycle cabinets with space for over 700 bicycles with showers and personal lockers
and direct connection to Burrard Skytrain Station and a pick-up / drop-off area for ride-share services.
“Hudson Pacific has extensive experience in reviving iconic downtown real estate with groundbreaking and sustainable design that attracts the most discerning tech and media companies on the entire West Coast,” said Victor Coleman, President and CEO of Hudson Pacific, in the announcement.
“With the Burrard Exchange, we are continuing our business plan to fully realize the development potential of the Bentall Center campus and meet the ongoing high demand for high quality Class A office space in Vancouver.
“We are excited to bring this world-class development to market.”
The Burrard Exchange’s design prioritizes both indoor and outdoor spaces to meet the growing demand for high-performance outdoor areas and fresh air access. The project will create new street facades, facilities and retail spaces for service to the entire campus and the public.
Hudson Pacific’s first mass timber development
The project will be Los Angeles-based Hudson Pacific’s first bulk timber development and builds on the momentum of other bulk timber projects in British Columbia. Throughout the eligibility process, Hudson Pacific plans to partner with the City of Vancouver to obtain the necessary approvals.
As with the rest of Hudson Pacific’s portfolio, the company says the Burrard Exchange’s construction activities will be 100 percent CO2-neutral.
Kohn Pedersen Fox Associates is the design architect, and the Adamson Associates Architects office in Vancouver is the record architect.
Other aspects of on-campus development and improvements have been designed by McKinley Studios, James Cheng Architects, HAPA Collaborative and SSDG.
The project is expected to create more than 2,000 direct and indirect jobs, with construction starting as early as 2023.
Over the past year, Hudson Pacific and Blackstone have embarked on a major refurbishment effort on the 1.5 million-square-foot Bentall Center campus, focusing on facilities and public spaces. The partners bought Bentall Center in May 2019 for about $ 1.05 billion.
Most recently, the Bentall Center unveiled major upgrades to the Dunsmuir terrace, including a multi-level cedar tree, exclusive garden furniture and large parasols with interactive LED lighting, creating a vibrant area for renters and the public to eat, relax and enjoy the outdoors.
Other significant changes have included: large outdoor murals, new chandeliers, music on the entire site, bike facilities at the end, a tenant’s athletics center, tenant dog park on the roof terrace, and improvements to the campus’ interior corridors and bathrooms.
Further upcoming improvements include updates to the campus retail areas above and below quality.
About Hudson Pacific Properties
Hudson Pacific is a real estate investment fund with a portfolio of office and studio properties totaling over 20 million square feet, including land for development.
Its anchor tenants include Fortune 500 and leading growth companies like Google, Netflix, Riot Games, Square, Uber and more.