Shopping Centre Redevelopments – BC shopping malls are facing unprecedented challenges due to the COVID-19 pandemic as restrictions have reduced mall traffic and forced store closures. As a result, Shape Properties, Cadillac Fairview and QuadReal Property Group are going ahead with their longtime plans for redevelopment, reinventing mall real estate and introducing new concepts. QuadReal Property Group’s plans for Oakridge Centre include 10 towers containing 2,000 condos and 580 homes. Rumour has it that Cadillac Fairview is developing part of CF Pacific Centre in order to lease it to Apple Inc for its flagship store. With more people working from home, there will be a decrease in nearby office workers in downtown Vancouver – thus, a probable need to build residential units alongside new stores.
McArthurGlen Designer Outlet – It has been announced that several luxury brands will be making their debut at this Richmond designer outlet centre in September & October, just in time for the fall-winter season. The first Western Canada Burberry outlet, alongside Max Mara, Tory Burch and Rossignol will be joining the already-long list of retailers there that occupy 241,000 square feet of retail space. There are also plans in place to add another 100,000 square feet of space at this outlet mall; check back here for more updates!
New Timber Office Expansion – A 2-storey warehouse building near BC Place Stadium could be revitalized with a new mass timber vertical expansion. Designed by the Office of Mcfarlane Biggar Architects & Designers, this new proposal by reliance Properties would create a 3-storey addition at 837 Beatty Street using mass timber beams and columns, and laminated timber floors. If approved, this 1911-built structure just across from Terry Fox Plaza will have a new total floor area of 38,115 square feet.
Electronic Arts – This famed American video game company (responsible for games such as FIFA Soccer, NBA Live and Need for Speed) intends to massively expand their Burnaby office campus by about 66%, by redeveloping a portion of its 12.6-acre property at 3700 Gilmore Way. Designed by DIALOG, the ground-level parking lot and a treed parcel will be transformed into a pair of three- and five-storey buildings, housing a total 297,385 square feet. To achieve the project, the proponents are seeking a relocation of 1.2 acres of covenanted conservation area. The aim is to create a “net ecological gain” over the long term, with the restoration of 1.7 acres of conservation area with invasive plant management, hundreds of new trees, and artificial habitats for birds and bats.