Chilliwack’s Cottonwood Mall has new owners, big changes in the works

It was announced on Feb. 7, 2019 that Chilliwack’s Cottonwood Mall was sold by Ontario-based Morguard to B.C.-based PCI Developments. (Submitted)

The Chilliwack Press | Paul Henderson February 7, 2019 3:43 pm

Save-On-Foods officially announced as anchor tenants with $30 million in other investments

More changes are coming to the retail landscape in Chilliwack as the Cottonwood Mall has changed hands purchased by B.C.-based PCI Developments from Ontario-based Morguard.

“PCI Developments is excited about the opportunity to invest in Chilliwack, one of B.C.’s fastest growing cities and economies,” said Jarvis Rouillard, PCI’s Vice President Acquisitions and Leasing in a press release issued Feb. 7. “We are a Vancouver-based company with strong roots in retail, and with our purchase, we look forward to offering Cottonwood Mall local ownership and management, as well as building relationships with current tenants, attracting new tenants, and enriching the retail experience for the community. Read more

UDI Awards recognize top B.C. developments

The Remi Network | The Remi Network November 26, 2018

The winners of the 2018 Urban Development Institute (UDI) Awards for Excellence were recognized during an awards gala held in downtown Vancouver.

The bi-annual awards celebrate the outstanding contributions made by leaders in the urban development industry to the built environment in British Columbia.

The 21 winners were recognized in diverse categories such as design, sustainability, heritage and social housing as well as community amenities built or funded by UDI members, including seawalls, libraries, daycares, parks and community centres. Read more

WiredScore marks one year in Canada with KingSett

Real Estate News EXchange | WiredScore Commercial October 26, 2018

SPONSORED CONTENT: WiredScore, the company behind the international standard for rating Internet connectivity in commercial buildings, has made major strides since it launched with Toronto as its first Canadian flagship market in October 2017.

WiredScore announced an $11.6-million Series A capital raise from leading commercial real estate investors — including KingSett CapitalLegal & GeneralU+ITown Centre Securities, MOMENI Digital Ventures and Savitt Partners — last week. The investment group has been supported by a recommitment from WiredScore’s existing investors: Bessemer Venture PartnersFifth Wall and Sterling.VC.

“We are pleased to further support WiredScore as a customer and an investor, as we are committed to delivering top of the line experiences for our tenant customers,” said KingSett chief executive officer Jon Love. Read more

Phase three of King George Hub in Surrey on the way

Urban YVR | Peter Meiszner September 16, 2018

PCI Developments has filed a development permit with the City of Surrey for phase three of its King George Hub development, designed by Musson Cattell Mackey Partnership.

Phase three will consist of a 34-storey residential tower with a single-storey retail podium. There will be 371 residential units in the tower and 9,322 sq ft. of retail space on the ground floor.

Phase one of King George Hub is made up of the 10-storey Coast Capital Savings headquarters building, completed in 2015. Phase two consists of a stand-alone two-storey restaurant, single-storey retail podium, two residential towers (40-storey and 29-storey) and a 15-storey office building. Construction is now underway on this phase and condos in towers sold out quickly. Read more

New-look expansion coming to downtown Vancouver office tower

Daily Hive | Kenneth Chan September 10, 2018 4:22 pm

The Grant Thornton Place office tower immediately across from the old CP Station building in downtown Vancouver is getting a makeover.

A rezoning application has been submitted by PCI Developments to the City of Vancouver to fill in much of the void space within the overhang of the base of the 1985-built tower at 333 Seymour Street. Read more

Construction begins on new 25-storey office tower near Waterfront Station

Daily Hive | Kenneth Chan May 22, 2018 2:55 pm

A new 25-storey office tower is set to rise at a small corner site at the northwest corner of the intersection of West Hastings Street and Seymour Street – just south of the Waterfront Station transit hub and across the street from Harbour Centre.

Demolition work on the glass-domed plaza, a part of the adjacent Princess Building, at 601 West Hastings Street is quickly progressing. Read more

6 office buildings totalling 2 million sq. ft. planned for False Creek Flats

Daily Hive | Kenneth Chan January 26, 2018 4:20 pm

PCI Developments’ upcoming office building projects along Great Northern Way will lay the groundwork of the False Creek Flats’ transformation into a major tech and employment hub.

Tim Grant, the Vice-President of PCI, told Daily Hive the locally-based developer has ambitious near-term plans to build approximately two million sq. ft. of office space over several phases through the mid-to-late 2020s.

Comparatively, that is more than twice the size of Broadway Tech Centre at East Broadway and Renfrew Street, the same floor area as the five-tower Bentall complex at Burrard Station, or a quarter of the space that Amazon is seeking for HQ2 in its international hunt.

There will be up to six mid-rise buildings, with the first building – a seven-storey, 160,000-sq-ft complex – at 565 Great Northern Way set to reach completion this spring. Read more

Finning International to anchor new Great Northern Way office building

Vancouver Sun | Evan Duggan | Published on: January 24, 2018 | Last Updated: January 24, 2018 10:00 AM PST

Vancouver-based Finning International is returning to a new False Creek Flats office complex that sits on lands the company once donated about 17 years ago.

The world’s largest dealer of Caterpillar heavy machinery is moving about 180 staff to a new office project at 565 Great Northern Way that will also include tenants Samsung, Blackbird Interactive Game Studio, Spaces and others.

The seven-storey LEED-Gold complex will include 160,000 square feet of Class-A office space designed for the creative and digital media environment. It will include a rooftop deck, fitness centre, a 2,000-sq.-ft. ground-level retail pavilion and a 20,000-sq.-ft. public plaza.  Read more