VANCOUVER, British Columbia (Realty News Report) – Hines will partner with Reliance Properties to develop 1166 West Pender, a 32-story project in downtown Vancouver.
This is Hines’ first project in Vancouver, and the partnership is the most significant activity in the Vancouver office market since the start of the global pandemic.
“We chose Vancouver for our latest Canadian project because we believe in its world-class economy and future, and this partnership was a natural fit because of Reliance Properties’ commendable track record in the city and our shared values,” said Syl Apps, senior managing director for Hines.
A plan for the 361,000-SF tower has been designed by the Hariri Pontarini architecture firm. The Canada Revenue Agency tower, which now sits on the site, will be demolished.
The office tower’s design was developed in response to COVID-19, making it the first office building in Vancouver that will incorporate new health, safety, and wellness initiatives into the building architecture. Hines describes the AAA building as “a globally relevant, next-generation office tower.”
“Reliance and Hines initiated and completed the partnership during the global pandemic, and our joint project will be the first post-COVID-19 office tower delivered in Vancouver, prioritizing health, safety and wellness into the design in a way not yet seen,” said Jon Stovell, president and CEO of Reliance Properties, founded in 1955 in Vancouver.
One of the biggest focal points of the project and never-before-seen in the market will be the tower’s uppermost floors. The distinctive architecture of the building allows for the top nine levels to feature private outdoor terraces with breathtaking views, further increasing new health, safety and wellness protocols. To further sustainability measures, underground parking will prioritize employee wellness with more bike stalls than parking stalls to promote commuting with alternative transportation.
Since the launch of its Canadian operations in 2004, Houston-based Hines has developed, acquired and/or managed over 13 million SF of signature projects representing a wide variety of product types — from city-defining office buildings to retail, residential and mixed-use developments. Hines has offices in Toronto, Calgary and Edmonton.
Hines just topped out the 47-story Texas Tower office project in downtown Houston at 845 Texas Avenue. It is being built on the former site of the Houston Chronicle.
March 26, 2021 Realty News Report Copyright 2021
File: Hines Developing Vancouver Skyscraper with Canadian Partner
File: (2). British Columbia. Hines Developing Vancouver Skyscraper with Reliance Properties. Jon Stovell,