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East Vancouver Multi-Level Commercial-Industrial Building is Underway
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(Posted on Nov 7, 2018 at 08:48PM by Michelle Bogle)
Construction is underway for a new mixed-use commercial and industrial building on the northeastern corner of Vancouver within the waterfront area. PortLiving, a local developer, says that its Gateway project is a “first-of-its-kind vertical typology†with its diverse uses of office, light industrial and mini-storage space.
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Located at 3333 Bridgeway Street and designed by Stuart Howard Architects, the building will offer 110,000 sq. ft. of space within the 70-ft-tall, six-storey building. Unlike traditional industrial buildings, which use a single-level layout, the design of Gateway is different in that it stacks light industrial uses within a multi-storey building.
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“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 [the city],†said Tobi Reyes, CEO of PortLiving, in a statement. “This is an incredible site that provides an affordable Vancouver business address that is easily accessible and convenient between [...] the North Shore, Burnaby and beyond.â€Â
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The exterior of the building features a unique curved façade, which was inspired by salmon swimming upstream. It also boasts a large cantilevered landscaped rooftop, offering panoramic views of the inlet, downtown skyline and North Shore mountains. Its facilities are well-suited to artists, television and film production companies, construction trades showrooms, coffee roasters, music studios and commissary services.
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With industrial space in high demand across Metro Vancouver, this project will inject some much-needed square footage into the market by its completion date in early-2020.
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If you’d like more information about this multi-level commercial-industrial building, please contact our team of experienced investment professionals at our Marcus & Millichap Vancouver office.
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