Burrard Place

October 07, 2015 18:17 ET

Notable Names Launch Western Canada's Tallest All-Residential Skyscraper

Burrard Place Will Mark Many 'Firsts' for the City

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 7, 2015) -

Editors Note: There are two photos and one video associated with this press release.

Canada's second largest private company will unveil today the presentation centre and architectural model for what will be one of the most sizeable real estate developments in Downtown Vancouver over the next several years - covering an entire city block. The mixed-use project will include Western Canada's tallest all-residential skyscraper and third tallest building after Shangri-La and Trump Vancouver.

The Jim Pattison Group has joined forces with award-winning Reliance Properties for what is the most significant development to date for either partner.

"At more than one million square feet, Burrard Place is a significant project that will have a dramatic presence on the Vancouver skyline, as well as a place-making impact at street level," said Jon Stovell, President of Reliance Properties. "The design had to demonstrate architectural excellence and significant environmental standards in order to be approved by an international panel."

Two residential towers - including One Burrard Place at 550 feet - will total almost 800 units. With only six sites designated by the city for skyscrapers in Downtown Vancouver, no other all-residential building will be taller. The development will also include a 13-storey office tower, public mews and a vertically integrated Toyota showroom where the old Pattison Toyota Downtown stood for 42 years.

"This will be the only full-service automobile dealership in Downtown Vancouver," said Michael Lee, Vice President of Jim Pattison Developments. "The vertical operation will minimize the footprint at street level. The showroom will be a three-storey glass jewel box, with all of the service areas on five underground levels."

One Burrard Place is also setting a luxury benchmark in the city by offering the first-ever butler concierge and on-demand access to services offered by notable Vancouver personalities. Sales start this month.

"This is Vancouver's first true five-star luxury lifestyle condo," said George Wong, founder of Magnum Projects, the company marketing One Burrard Place. "We have partnered with seven local luminaries to offer their services to One Burrard Place residents, including in-home catering by world-renowned executive chef Alex Chen, closet and wardrobe consultation with stylist Susie Wall, and event planning by Bono's personal party planner Brittany Wong. In addition, residents will have access to 30,000 square feet of private amenity areas."

A recent report by Sotheby's International Realty Canada shows all luxury housing types in Vancouver are experiencing an upswing in sales, marking a year-over-year increase of 48 per cent. According to RE/MAX's 2015 Spotlight on Luxury report, buyers of luxury condos tend to be downsizers, young couples and foreign buyers.

Adds Wong: "These buyers typically spend part of their time in a second home or travelling; therefore, homes like One Burrard Place that offer access to luxury amenities without the hassle of home maintenance are an ideal choice."

The first phase of the $500-million Burrard Place is scheduled to break ground in early 2016.

The Jim Pattison Group: Headquartered in Vancouver, The Jim Pattison Group is the second-largest private company in Canada, with annual sales of over $8.4 billion. The Jim Pattison Real Estate Group owns and manages a portfolio of more than 12-million square feet of income-producing properties throughout Canada and the United States. The Real Estate Group's primary role is to support the operations and growth of all Jim Pattison companies through development, construction, property management and investment.

Reliance Properties: Reliance Properties Ltd. is a privately-owned Vancouver company active for more than 50 years in acquisition, development, leasing and management of a wide variety of commercial and residential real estate. The award-winning company has been widely recognized for the restoration of heritage buildings and high quality high-rise developments.

Magnum Projects: Magnum Projects is one of the top real estate marketers in British Columbia. Since 1991, the team has sold more than 9,800 homes with a total value of more than $6.6 billion. Magnum specializes in luxury condo developments.

To view the photos associated with this press release, please visit the following links:

www.marketwire.com/library/20151007-burrardplacetower800.jpg

www.marketwire.com/library/20151007-burrardplaceluminaries800.jpg

To view the video associated with this press release, please visit the following link: www.youtube.com/watch?v=DFlFYMt7KtE.

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