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Brivia to build Montreal’s tallest res, 1 Phillips Square
Brivia to build Montreal’s tallest res, 1 Phillips Square
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.
Lack of CRE space could hurt Ottawa’s economic growth
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.
Starlight to remake two blocks of downtown Victoria
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.
Housing demand shrinking Victoria industrial land
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.
Primer on Vancouver’s huge West Side development
• 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.
$20M tire warehouse latest addition at CentrePort
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 towers pitched for downtown Langford
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.
Saskatchewan’s big cities lean on industrial sector
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.
Capital spending rises in B.C. on strong hotel values
• Business In Vancouver • RENX
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.
Château Laurier addition genuinely incompatible: Opinion
• Ottawa Citizen • Ottawa Citizen • Maclean’s
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.
Dream Office sets new one-year high at $23.89
• Tech Know Bits • RENX
Dream Office REIT (D-UN-T) shares reached a new 52-week high on Tuesday. The company traded as high as $23.89 and last traded at $23.78, with a volume of 1,3450 shares changing hands.
Partners REIT reaffirms its strategic review
• Globe Newswire • RENX
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 to issue $750M of senior unsecured debentures
• Canada Newswire • RENX
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.
Co-working firm Spaces bets on changing work culture
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 is eyeing a return to New York City
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 West stands firm on rental-only zoning
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.
New construction taking a big hit from stress test: Study
• Globe and Mail (Sub. required) • Canada Newswire
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.
Proposed UVic housing to become hotel instead
• CBC • Victoria Times Colonist
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.
B.C.’s first ‘dementia village’ set to open in Langley
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.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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