A development permit application has been submitted to the City of Vancouver for Cadillac Fairview’s proposed office tower, The Crystal at Waterfront Square.
At the core of the new design is the reconfiguration of the building, which minimally touches the overall footprint of the current site. The reconfiguration allows for 85 per cent of the current surface parking lot to be repurposed as an open civic square, enabling the community to enjoy unimpeded harbour and mountain views.
Located at 555 Cordova Street, the Crystal at Waterfront Square has been carefully designed to set a new bar in sustainable office design. Sustainable features include:
- Carbon neutral operating systems
- Zero new parking stalls created for this project
- Direct connectivity to the largest multi-modal transit hub in Vancouver (Waterfront Station)
- Significant bicycle storage units with shower/change rooms and onsite maintenance facilities
- WELL and LEED Platinum certifications.
“The Crystal at Waterfront Square is another example of Cadillac Fairview’s commitment to designing and operating a world-class building that contributes to a vibrant and sustainable city,” said Tom Knoepfel, senior vice president Western Portfolio, Cadillac Fairview.
“Cadillac Fairview is and has been a long-standing developer, owner, and manager of both retail and office properties in Vancouver and we’re proud to be carrying on that tradition with this landmark development that will bring to market much needed class A office and commercial space in downtown Vancouver.”
The announcement comes weeks after the company declared its intention to introduce a world-leading, luxury lifestyle hotel brand to downtown Vancouver’s CF Pacific Centre. Including this announcement and the concurrent redevelopment of the mall’s rotunda (located at West Georgia and Howe Streets), the company is investing over $600 million in Vancouver for employment and commercial purposes.
Once municipal approvals are received, Cadillac expects construction to start in 2020.