Brivia Group plans to build Montreal’s tallest residential tower, the $400-million, 61-storey 1 Phillips Square, as part of a phased, billion-dollar downtown development. As part of the Montreal of the Future exhibit, Brivia released the first architectural drawings today.
Ottawa’s population, employment and CRE have experienced explosive growth and expansion the past five years. But a lack of space for business to move, or expand into, is threatening to slow or halt that progress says CBRE’s Shawn Hamilton.
A major swath of downtown Victoria is on the cusp of being redeveloped. Toronto-based Starlight Investments, which over the last three years has pieced together land parcels, is asking the public for input on a redeveloped site.
Development pressure and demand for land for housing projects have some heavy-industry users and landowners concerned about the shrinking size of the region’s industrial land base. One industrial landowner is mulling the idea of an industrial land reserve.
• The Tyee
Vancouver’s West Side will soon get its largest development since the University of British Columbia. The Jericho Lands, a 90-acre site with a view of English Bay and located minutes from the beach, is currently a sparse piece of land.
The industrial version of a new housing subdivision is taking place south of CentrePort Canada Way, with steel frames instead of wood and buildings as large as 100,000 square feet instead of 2,000-square-foot homes.
Three 12-storey mixed-use towers on a downtown Langford block are being recommended for approval by the city’s planning committee. DB Services‘ Matthew McKay has applied on behalf of a numbered company to consolidate and rezone 10 lots that are primarily residential.
Industrial players in Saskatoon and Regina are cautiously optimistic good times are just around the corner. According to a new report from Colliers International, the vacancy rate in Saskatoon’s industrial sector dropped to 7.02 per cent as of March 31.
Despite few buying opportunities in Vancouver and elsewhere, B.C. was the top destination for hotel investors in Western Canada in 2018, according to Colliers International. Thirty-five hotels with a total of 2,497 rooms changed hands in B.C. last year.
City of Ottawa staff have decreed that the latest design for an addition to the Fairmont Château Laurier meets the standard of compatibility with the historic hotel imposed by city council last summer.
Partners REIT (PAR-UN-T) announced its board of trustees has initiated a process to explore and evaluate strategic alternatives available to the REIT, which may include, but is not limited to, a sale of the REIT itself.
Choice Properties REIT (CHP-UN-T) announced it has agreed to issue, on a private placement basis in certain provinces of Canada, $750 million aggregate principal amount of series M senior unsecured debentures of the trust.
VIDEO: Martijn Roordink, CEO and co-founder of Spaces, joins BNN Bloomberg to discuss how the company is navigating their global expansion in a competitive market space. He notes changing work culture is pivotal to their success.
Amazon still “hearts” the Big Apple. After walking away from a deal to build a headquarters on the Queens waterfront in Long Island City, Amazon is back to shopping for office space on Manhattan’s West Side, sources tell The Post.
New Westminster city council is standing by its plan to use rental-only zoning on six strata buildings in the city – despite warnings it could end up costing taxpayers millions of dollars and will erode its relationship with the development industry.
Canada’s mortgage stress test is taking a toll on new house construction, with building activity expected to drop by as much as $8 billion this year alone, a study released Wednesday by Mortgage Professionals Canada estimates.
Hopes have been dashed for University of Victoria students seeking more housing options after UVic Properties‘ plan to build dozens of market-value units in the city’s downtown core was nixed in favour of developing a hotel.
A new retirement housing concept designed for seniors suffering from Alzheimer’s and dementia is becoming a B.C. reality with a private developer opening The Village in Langley within weeks and the Ministry of Health launching two pilot projects.