Greg Mitchell
Other
Burrard Gateway Development
Jim Pattison/Reliance Properties Burrard Gateway Development at Burrard and Drake to cost $500 million.
Three new high-rise towers are on the drawing board at Vancouver City Hall pending rezoning. Jim Pattison and Reliance Properties are planning a 774,000 square foot development on the corner of Burrard and Drake streets in Vancouver. The development will include two residential towers, 36 and 48 storeys high and a 13 storey office building.
The project is expected to take 4.5 years to build and will cost around half a billion dollars. The Vancouver developers are to exceed current height bylaws by 31 meters which would allow their tallest tower to top out at 142 meters. Their plan is to entice the city by including extra garden space, daycare facilities, adhering to green building standards and provision for a car share program. The project is to consist of 79 rental units, 510 strata condos and parking for 971 vehicles. (That is of course, assuming vehicles are still allowed downtown in 4.5 years time…)
The development plays into the City of Vancouver’s big-picture plan of higher density developments in the downtown core. According to Jon Stovel, President of Reliance Properties “The proposal marks the beginning of a rezoning process with city council and key stakeholders in developing an acceptable project.”
Vancouver’s tallest building is currently the Shangri-La Hotel at 1128 West Georgia Street which is 62 storeys and 201 meters tall.
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