National

Office tower planned for Vancouver Bay building

Darpan News Desk The Canadian Press, 23 Feb, 2022 02:23 PM

VANCOUVER - The redevelopment plan for the Hudson's Bay building in downtown Vancouver will include a 12-storey office tower that keeps the century-old facade of the retail store.

Hudson's Bay Co. and its partner RioCan Real Estate Trust announced the plans Wednesday, saying the Bay store will remain at the site downtown along with other retail businesses as part of the redevelopment.

They say in a news release that there will be about 32,500 square metres of retail space and another 93,000 square metres of office space in the tower.

The companies plan to improve access from the building to a SkyTrain station directly below, as well as to a Canada Line subway station across the street.

There will also be underground storage for up to 1,500 bicycles and a public pedestrian walkway with covered access to the building.

The news release says construction could start in early 2024 after an application is made to the city for rezoning, which could take about a year.

Prev Next

MORE National ARTICLES

Trucker convoy leaves Kingston, en route to Ottawa

Kingston police announced on Twitter that the last vehicles in the convoy had departed the city around 9:30 a.m. Friday, putting its likely arrival in the capital at around noon.

Trucker convoy leaves Kingston, en route to Ottawa

One of Trudeau's kids tested positive for COVID-19

Prime Minister Justin Trudeau says he's isolating because one of his kids tested positive for COVID-19. In an interview with The Canadian Press, he says he feels fine and has no symptoms.

One of Trudeau's kids tested positive for COVID-19

NACI now recommends boosters for some teens

Chief public health officer Dr. Theresa Tam says kids and adolescents are still at low risk of serious illness in general from COVID-19 but because of the high rate of infection due to Omicron more kids are being admitted to hospital.

NACI now recommends boosters for some teens

Coquitlam Mounties investigate fatal stabbing

They say in a release that the female victim was located Thursday around 4:30 p.m. in an underground parkade in the 1100-block of Austin Avenue. Police say she was rushed to hospital for treatment of stab wounds but was pronounced dead a short time later.

Coquitlam Mounties investigate fatal stabbing

Teck says weather, COVID-19 hitting results

Teck said steelmaking coal sales for the fourth quarter came in at 5.1 million tonnes, below the 5.2 million to 5.7 million tonnes in its revised guidance it issued Dec. 5 after the record rainfall in B.C. that knocked out rail and road infrastructure.

Teck says weather, COVID-19 hitting results

DARPAN 10 with Douglas Porter, Chief Economist, BMO Financial Group

I have been an economist, working on Bay Street in Toronto, since the early 1980s. I now lead a team that provides analysis and forecasts on numerous economic and financial indicators, such as interest rates, economic growth, unemployment, housing, exchange rates, and, of course, inflation.