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Pacific Canada  + Canada + Cross Border News  + Industrial  | 

Vancouver’s Creative Industrial Project Sparks Strong Demand

Vancouver’s first creative-industrial-zoned project is receiving strong interest from prospective tenants.

Strand Development’s Three Sixty project is the first one being built under Vancouver’s new I-1C zoning category, which permits high-density light industrial and office uses.

“Ever since the launch of the building, we have been experiencing a tremendous amount of demand,” Avison Young Principal Glenn Gardner, whose firm is leasing the property, told Connect.

Located at 360 West Second Avenue, the nine-storey development is slated to be nine storeys high and delivered in 2025.

“We are in the beginning stages of discussions with a variety of different tenants in a variety of different industries – animation, AI, technology, biotechnology, software development, as well as more traditional users such as professional services,” said Gardner.

The higher density allowance in Mount Pleasant will ensure that developers can continue to meet demand that the market is experiencing now and in the future, he added.


Inside The Story

Strand DevelopmentMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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