Oxford Properties Group has announced that it is building a 35-storey, 270,000ft² office tower at a cost of $150m in Vancouver, British Columbia, Canada.
1021 West Hastings will be built on the current site of the University and Quadra Clubs and will have a modern new entrance and landscaped public space to build a bridge between the new and the old.
The tower will be designed by architects Kohn Pedersen Fox (KPF) and will be delivered by a joint venture between Oxford, which will oversee all aspects of the development and management of the property, and co-investor Canada Pension Plan Investment Board (CPPIB).
Oxford Properties said the tower building would be iconic in its design, and set new standards in efficiency, sustainability and tenant amenities.
1021 West Hastings will complement Oxford’s other buildings in Vancouver that include the Guinness Tower, Marine Building and Oceanic Plaza.
The office tower will feature a VRF HVAC system, will have energy saving triple-paned glazing, and is targeting LEED Gold certification for core and shell.
Construction will commence in the third quarter of this year and is scheduled for completion in mid 2014 under the direction of lead contractor Ledcor.