Construction has begun on a new mixed-use commercial and industrial building on the northeastern corner of Vancouver within the industrial waterfront area.
Local developer PortLiving says its so-called Gateway development at 3333 Bridgeway Street – near Viterra Cascadia Terminal, and just east of Hastings Park and New Brighton Park – is a ‘first-of-its-kind vertical typology’ with its diverse uses of office, light industrial, and mini-storage space.
Designed by Stuart Howard Architects, there will be over 110,000 sq. ft. of space within this 70-ft-tall, six-storey building. Industrial buildings are normally single-level, especially for heavy industrial uses, but this project accomplishes mixed light industrial uses with its design of a stacked, multi-storey building.
“We are always looking to find opportunities to offer value…under the PortLiving brand and
philosophy. By going vertical with industrial space, we believe that we are developing fantastic space that can be leased at reasonable market value to help businesses stay and thrive in Vancouver,” said Tobi Reyes, CEO of PortLiving, in a statement.
This site has direct access to the Trans-Canada Highway, Ironworkers Memorial Bridge, and the Port of Vancouver.
“This is an incredible site that provides an affordable Vancouver business address that is easily accessible and convenient between Vancouver, the North Shore, Burnaby and beyond,” added Reyes.
As for the building’s design, it has a distinctive curved facade inspired by ‘spawning salmon swimming upstream’, a large cantilevered roof and unique lower facade, and a large landscaped rooftop with a tenant amenity space that boasts views of the inlet, downtown skyline, and North Shore mountains.
With the Metro Vancouver’s severe industrial space shortage, the developer does not anticipate it will have any trouble in finding tenants, but it believes its space is more ideal for artists, television and film production companies, construction trades showrooms, coffee roasting, music studios, and commissary services.
At the moment, the industrial space vacancy in the region is just 2%, making it one of the lowest industrial vacancy rates in Canada and the United States.
Gateway will release the space as strata units, with the units varying in size between 1,550 sq. ft. and 10,000 sq. ft.
The project is scheduled for a completion in early-2020.
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