Renderings of The Onyx by Rize Alliance have been unveiled. The commercial and retail development, located at the heart of Vancouver’s Terminal District, will feature 20,000 square foot floor plates over 13 storeys.
Designed by MCM Architects, the building appears strong in character and striking in its balance of light and dark. With a translucent, shimmering black exterior – like the stone it takes its name from – The Onyx’s interior spaces, by careful contrast, draw in sunlight and radiate warmth.
Construction of The Onyx is expected to begin in early 2019, with the building ready for occupancy in summer 2021.
“We compare the potential of this area to Seattle’s South Lake Union or the Bay Area of San Francisco. We envision the future of the Terminal District’s energized urban streets and waterside beauty to represent the ultimate amenity for this quickly evolving area of Vancouver.” says Will Lin, CEO of Rize.
According to the developer, The Onyx is very well positioned as a connector between a number of well established neighbourhoods such as Chinatown, Strathcona and Mount Pleasant. It is also a premium site on the edge of two burgeoning neighbourhoods, False Creek Flats to the East and the final phase of the False Creek Waterfront to the West.
Colliers International is the commercial real estate brokerage marketing the project, which is hoped to anchor the transformation of the area around Main Street and Terminal Avenue as a new business hub.
“This building marks the evolution of The Terminal District into a hub for visionary businesses and professionals,” said Marco DiPaolo, executive vice president with Colliers International in Vancouver.