Artistic renderings have been released for the first-ever stacked industrial development in the False Creek Flats.
The development will be named IntraUrban Evolution and is one of the few stacked developments in the Metro Vancouver area.
The project will take over the space of the former Able Auctions property on Vernon Drive. It will be a four-storey, 104,000-sq-ft building that will feature 18-foot-tall ceilings and customizable warehouse space ranging from 1,000 to 29,000-sq-ft.
Other design features include spacious loading docks, high-speed freight elevators, office space on the 3rd and 4th floors, common areas, and a rooftop patio.
“This is the first stacked, multi-storey industrial strata in the flats and one of very few in Vancouver of this size,” says Matt Smith, Vice President at Colliers International. “The spaces will attract technology-oriented manufacturing companies, as well as traditional industrial manufacturers.”
The development gives a unique opportunity for small and medium-sized businesses during a time where finding industrial space can be challenging.
“With virtually no vacant industrial land left in the city and land values at record highs, industrial and creative manufacturing businesses that need to be close to the core have nowhere to locate their businesses,” says Brent Sawchyn, CEO of PC Urban Properties. “We have taken an obsolete, underutilized property and converted it to stacked industrial strata in the heart of the city.”
One of the property’s inhabitants will be No. 1 Collision. The luxury auto repair company has purchased the entire first floor and will be occupying 29,000-sq-ft.
IntraUrban Evolution is PC Urban’s sixth industrial strata development in four years.
After the first IntraUrban project on Laurel Street in Vancouver, the company launched four similar offerings in Richmond, Burnaby, Kelowna, and Calgary.