BC Place to see new 17-storey office tower and entertainment pavilion (PHOTOS)

Vancouver City council unanimously approved rezoning to make way for the redevelopment Tuesday night
A new office tower and entertainment pavilion will be built next to BC Place. Rendering: Westbank Corporation

A Vancouver City council decision Tuesday night means BC Place stadium is about to get cozy with 17 new storeys of office space, and another six for arts and entertainment.

That’s because outside stadium gates A and B, facing Georgia Street, Westbank Corporation is proposing a major redevelopment of the Creative Energy Steam plant and an adjacent industrial site.

The municipality received an updated rezoning application for 720 Beatty St. and 701 Expo Blvd. in March.

Atop both redevelopments, there will be a terrace with greenspace, with enough room for a running track on top of the upgraded steam plant building – which itself delivers hot water and heating to more than 200 buildings in the downtown peninsula.

WestbankThe new 17-storey office tower proposed for 720 Beatty Street. Rendering: Westbank Corporation

Westbank first acquired the natural-gas steam plant in 2013.

The ground floor of the new office tower will be bolstered with a five-metre passageway to provide pedestrians, cyclists, and motorists a connection to four new levels of underground parking and a connection to Expo Boulevard and Beatty Street.

The adjacent entertainment pavilion will provide 30,236 square feet of commercial space with a karaoke spot, virtual reality sports hub, sports bar, and brewery already in the plans.

720-Beatty-Street-Vancouver-Creative-Energy-Westbank-January-2019-33The proposed underneath of the 720 Betty Street office tower. Rendering: Westbank Corporation

Nearby homeowner Helene Perndl expressed her support for the new infrastructure.

“The current building on this block is a big eyesore and I think this will be a huge improvement,” she submitted to council in favour of Westbank's proposal.

“I'm happy to see that big investment in office buildings like this are still going ahead even during the pandemic.”

EntertainThe six-storey entertainment pavilion will make space for restaurants, a brewery, karaoke spot, and sports bar. Rendering: Westbank Corporation

The project will bolster the southwestern corner of BC Place ticket holders of concerts and sports games with more entertainment and dining options in the downtown area.

Initial construction of the now-approved project – which is estimated to generate approximately 2,000 off-site and on-site jobs – is being financed by Allied Properties Real Investment Trust for $185 million.

CreateRendering: Westbank Corporation

“The project will not only contribute to increasing job space and to advancing the city’s economic development objectives but also help to achieve the regional entertainment district envisioned under the Northeast False Creek Plan,” detailed city staff in a report to council.

The rezoning will generate nearly $13 million in development cost levies, $4.7-million in community amenities, and more than $1 million in public art for the municipality.

Comments 0


The Canucks pick Joni Jurmo with their first pick of the 2020 NHL Entry Draft
Groups can now rent out a private New West arcade all to themselves (PHOTOS)
Take a peek inside this $58M home for sale in Vancouver right now (PHOTOS)
Ryan Reynolds sends parkas to Nunavut students in need of winter wear
This Canadian lingerie company is giving away FREE panties


How will you be handing out candy to trick-or-treaters this Halloween? view related story


Read full post
Posts By Date
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.