The second phase of Reliance Properties and Jim Pattison Developments’ Burrard Place development broke ground February 14 as workers stared excavating land at the corner of Burrard and Drake streets for a 13-storey, 146,000-square-foot office tower that is yet to have a name.
Construction directly east of that site, at the corner of Drake and Hornby streets, has long been underway with workers already having completed many underground floors of One Burrard Place – a 54-storey mixed-use tower that will be mostly condominiums.
“Two Burrard Place will be mid-block on Hornby Street and it has already been rezoned and we’re now applying for a development permit,” Reliance Properties CEO Jon Stovell told Business in Vancouver.
The fourth phase of Burrard Place, Three Burrard Place, is different from the others in that Reliance Properties solely owns the site whereas the other parts of the development are jointly owned by Reliance with the Jim Pattison Developments branch of the Jim Pattison Group.
The entire site, however, is being marketed and branded as Burrard Place.
The Three Burrard Place site also stands apart from the others in that it is also the only part of the development for which the site has not been cleared.
A decades-old 7’11 store at the corner of Hornby and Davie streets will have to eventually close. So will the vitamin-seller Popeye's, Junior's Barbershop, the kickboxing studio District Warrier and a brand new Cannabis Culture outlet, which is on a short-term lease. All of those businesses operate on Davie Street between Hornby Street and a lane and are on land that is slated to house Three Burrard Place. Stovell would not set a clear timeline for evictions.
He said that his company is in “early rezoning” discussions with the city to allow for the structure.
“Three Burrard Place will be a micro-loft rental building,” Stovell said. “That’s different from the other two towers, which are mixed use but mostly condos.”
