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Blog by Kevin Wong

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B.C. Pension Fund Launches Downtown Vancouver Office Project

The British Columbia Investment Management Corp. (bcIMC) is officially launching construction of its long-discussed 24-storey office tower at 745 Thurlow Street in downtown Vancouver with a scheduled completion date of spring 2015.

bcIMC is B.C.'s largest public pension manager with $88.7 billion under management and it will build the 400,000-square-foot building with developer Bentall Kennedy to add to its commercial real estate portfolio.

And Bentall Kennedy has unveiled the Vancouver office of national law firm McCarthy Tetrault as the tower's first signed tennant.

The launch also makes the 745 Bentall the second purpose-built office tower to enter into the construction process in as many months following Oxford Properties' 1021 West Hastings project, a 35-storey, 270,000 building next door to the Marine Building with a scheduled completion in 2014.

"[The 745 Thurlow building] is designed to meet the flexible needs of today's business," Chuck Swanson, bcIMC's vice-president for real estate said in a news release.

"Companies today are looking to drive efficiency into their operations while they enjoy the lifestyle elements in a building like this that make the surrounding environment a better place to work and live."

Architects Musson Cattel Mackey Partnership have crafted a LEED Gold design for the building with flexible floorplates designed to "grow out" with tenant needs and accommodate varying tenant sizes.

"The design is more friendly, personal and responsive to the variety of tenant needs that are specific to Vancouver business," said Tony Astles, executive-vice president for Bentall Kennedy. "Today, people are looking for healthy, entertaining places to enjoy their work, places that will help to attract and retain their valued employees."