The Exchange | 114.29m | 31s | SwissReal Management | Harry Gugger
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City Of Rain
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Roundabout
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City Of Rain
Senior Member
I always wonder how great this tower would look if its 10 stories taller, it would have been my favorite building easily.
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The Exchange 475 Howe Street Vancouver, BC V6C 2B3
Canada
Today, the development team of The Exchange announced the signing of three tenants, including a high-profile British Columbia-based hotel chain. More than 205,000 square feet have now been leased in advance of the building’s completion.
Media Release
May 31, 2017 Page 2/3
Vancouver’s office market makes a comeback
Tenants Trade-up to The Exchange Office Tower
Vancouver, May 31, 2017 The next office tower coming to completion in downtown Vancouver is more than half leased with the confirmation of several new tenants, highlighting the city’s commercial market has made a dramatic comeback to become among North America’s strongest.
“When Credit Suisse Asset Management embarked on this ambitious project, we were confident that The Exchange would be able to fill much-needed demand for quality office space,” said Herbert Meier, project manager at Credit Suisse. “We are pleased that The Exchange is now also delivering additional hotel space to Vancouver.”
Executive Hotels & Resorts will operate a 202-room, luxury boutique hotel on 10 floors of the heritage portion of the Old Stock Exchange building (circa 1929) – which is being restored and converted to LEED Platinum as part of the newly-constructed Exchange tower. The conversion could make this Canada’s greenest hotel. It will also have its own entrance and elevators, creating separation between it and the 31-storey office tower.
“The Exchange is arguably the best example of collaborative modern and historic architecture in Canada, and it boasts a world-class location,” said Salim Sayani, president of Executive Group, which recently opened hotels in New York and Toronto. “The Exchange’s design team has done an amazing job integrating state-of-the-art technology with space-planning strategies.”
Other additions to The Exchange include a Vancouver accounting firm that will be headquartered in the building, taking up approximately 28,000 square feet, as well as a local fintech company that is expanding from its existing premises to occupy approximately 22,500 square feet.
According to commercial real estate brokers, Triple-A office space is seeing strong uptake. JLL says vacancy rates last spring were 12.5 per cent. This year, vacancies have dropped sharply to 7.1 per cent, making Vancouver one of the strongest office markets in North America.
“Tech companies represent about 40 per cent of tenant demand in Vancouver, but there is also a resurgence in demand from traditional office users who see this building as an opportunity to refresh
their premises and their brands,” said Mark Chambers, JLL Vancouver’s executive vice president of office leasing. “With the upcoming completion of The Exchange, the newly-signed tenants have a chance to be in the heart of Vancouver’s financial district, while also close to other smart, innovative technology companies.”
In 2015, The Exchange signed anchor tenant, National Bank, who will occupy approximately 45,000 square feet. Swiss chocolatier Lindt will operate a retail store on the ground floor.
“Our confidence in the market has come to fruition as we continue to sign tenants for The Exchange,” said Franz Gehriger, president and CEO of Swissreal Investments, the Vancouver-based company developing the tower with Credit Suisse Asset Management.
The Exchange is a CAD $240 million LEED Platinum office tower that includes Canada’s first LEED Platinum heritage conversion. Designed by renowned Swiss architect Harry Gugger in partnership with Iredale Group Architecture of Vancouver, The Exchange is slated for completion at the end of 2017 with 165,000 square feet available for lease.
Media Inquiries
Renu Bakshi
Canada
Today, the development team of The Exchange announced the signing of three tenants, including a high-profile British Columbia-based hotel chain. More than 205,000 square feet have now been leased in advance of the building’s completion.
Media Release
May 31, 2017 Page 2/3
Vancouver’s office market makes a comeback
Tenants Trade-up to The Exchange Office Tower
Vancouver, May 31, 2017 The next office tower coming to completion in downtown Vancouver is more than half leased with the confirmation of several new tenants, highlighting the city’s commercial market has made a dramatic comeback to become among North America’s strongest.
“When Credit Suisse Asset Management embarked on this ambitious project, we were confident that The Exchange would be able to fill much-needed demand for quality office space,” said Herbert Meier, project manager at Credit Suisse. “We are pleased that The Exchange is now also delivering additional hotel space to Vancouver.”
Executive Hotels & Resorts will operate a 202-room, luxury boutique hotel on 10 floors of the heritage portion of the Old Stock Exchange building (circa 1929) – which is being restored and converted to LEED Platinum as part of the newly-constructed Exchange tower. The conversion could make this Canada’s greenest hotel. It will also have its own entrance and elevators, creating separation between it and the 31-storey office tower.
“The Exchange is arguably the best example of collaborative modern and historic architecture in Canada, and it boasts a world-class location,” said Salim Sayani, president of Executive Group, which recently opened hotels in New York and Toronto. “The Exchange’s design team has done an amazing job integrating state-of-the-art technology with space-planning strategies.”
Other additions to The Exchange include a Vancouver accounting firm that will be headquartered in the building, taking up approximately 28,000 square feet, as well as a local fintech company that is expanding from its existing premises to occupy approximately 22,500 square feet.
According to commercial real estate brokers, Triple-A office space is seeing strong uptake. JLL says vacancy rates last spring were 12.5 per cent. This year, vacancies have dropped sharply to 7.1 per cent, making Vancouver one of the strongest office markets in North America.
“Tech companies represent about 40 per cent of tenant demand in Vancouver, but there is also a resurgence in demand from traditional office users who see this building as an opportunity to refresh
their premises and their brands,” said Mark Chambers, JLL Vancouver’s executive vice president of office leasing. “With the upcoming completion of The Exchange, the newly-signed tenants have a chance to be in the heart of Vancouver’s financial district, while also close to other smart, innovative technology companies.”
In 2015, The Exchange signed anchor tenant, National Bank, who will occupy approximately 45,000 square feet. Swiss chocolatier Lindt will operate a retail store on the ground floor.
“Our confidence in the market has come to fruition as we continue to sign tenants for The Exchange,” said Franz Gehriger, president and CEO of Swissreal Investments, the Vancouver-based company developing the tower with Credit Suisse Asset Management.
The Exchange is a CAD $240 million LEED Platinum office tower that includes Canada’s first LEED Platinum heritage conversion. Designed by renowned Swiss architect Harry Gugger in partnership with Iredale Group Architecture of Vancouver, The Exchange is slated for completion at the end of 2017 with 165,000 square feet available for lease.
Media Inquiries
Renu Bakshi
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City Of Rain
Senior Member
Off topic here and this is last year figure but its still interesting to know... Never realized its so expensive in Vancouver.
Most expensive streets for office space in Canada:
Bay Street, Toronto: $68.19 per square foot
Burrard Street, Vancouver: $57.72 per square foot
Queen Street, Ottawa: $49.34 per square foot
Levesque Blvd, Montreal: $48.28 per square foot
8th Avenue, Calgary: $45.60 per square foot
101st Street, Edmonton: $40.46 per square foot
Upper Water Street, Halifax: $36.76 per square foot
Portage Avenue, Winnipeg: $36.37 per square foot
Laurier Blvd., Quebec City: $28.76 per square foot
http://www.vancitybuzz.com/2016/01/v...ive-in-canada/
Most expensive streets for office space in Canada:
Bay Street, Toronto: $68.19 per square foot
Burrard Street, Vancouver: $57.72 per square foot
Queen Street, Ottawa: $49.34 per square foot
Levesque Blvd, Montreal: $48.28 per square foot
8th Avenue, Calgary: $45.60 per square foot
101st Street, Edmonton: $40.46 per square foot
Upper Water Street, Halifax: $36.76 per square foot
Portage Avenue, Winnipeg: $36.37 per square foot
Laurier Blvd., Quebec City: $28.76 per square foot
http://www.vancitybuzz.com/2016/01/v...ive-in-canada/
Roundabout
Senior Member
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