BOSA WATERFRONT CENTRE
AAA Commercial Office
Developer: Bosa Developments
Address: 320 Granville St., Vancouver
Completion: 2021
Status: Under Construction
Building: 30-Storey Commercial Office Tower
Building: 30-Storey Commercial Office Tower
Office Sizes: 9 Offices/floor ranging from 598-1637sf each, combinable for extra large units.
Project Highlights
Why invest here?
Justified by Market Stats/Trends
- 30-Storey Commercial Only AAA Office Tower developed by Bosa Developments
AAA Office: The most prestigious building with the most amenities in the Prime Central Business District.
1. Best location & accessibility
2. Highest quality construction, finishing, design & amenities
3. Most reputable and top quality tenants to achieve highest rental rates on the market. - Unbeatable Waterfront location, directly across from Waterfront Skytrain Station, Helijet, Seaplane, Seabus access.
- Building design by KPF New York, Interior Design by Kasian Architecture.
- Future headquarters of Bosa Developments and Magnum Projects.
- Precedent setting Bike Services including Bike Lobby with Secured Bike Storage, Bike Washing area and Showers for biker’s to cleanup before work.
- 2/F Fully Equipped Gym w/ Aerobic & Strength equipment, Private Shower & Changing Rooms, Fitness Studio & Towel Service.
- 28/F Workplace Amenities w/ 2 Boardrooms, Lounge, Collaboration Booths & Eatery.
- 30/F Sky Terrace w/ Indoor Rooftop Kitchenette and Outdoor Lounge.
- 8 High-Speed Elevators with 2 Dedicated Parking Elevators.
- 8 Floor and Up facing North have water views.
- All units eligible to purchase 1 Parking Stall for $60-70K, except for smallest 598sf unit.
Why invest here?
- Unbeatable location and accessibility for AAA Office, located directly across Skytrain Station, directly accessible by Skytrain, Seabus, Seaplane, Helijet and Cycling.
- Extremely rare opportunity to own Highest Grade “Bluechip” Commercial Real Estate - Waterfront AAA Office in Prime Downtown Vancouver directly acessible by Transit.
- AAA Office (Best Location & Accessibility, Best Construction & Amenities, Best Tenants
- Highly limited supply of AAA office, only 3-18F are available for sale, Bosa keeping 19F and up.
- Best of the best quality construction by renowned Bosa Developments, who have been in the construction business for over 50+ Years with countless successful projects in BC, Alberta, Washington & California. They are also the largest landlord of the building owning floors 19-30F, using this building to leave a legacy for the family.
- Building designed by world renowned architectural firm, KPF New York, architect for the World Bank Headquarters (Washington, DC), Hudson Yards (Manhattan, NY), Shanghai World Financial Center (Shanghai), International Commerce Centre (Hong Kong), CITIC Tower (Beijing), Kings Court (London, England), Abu Dhabi Investment Authority HQ (Abu Dhabi), Lotte World Tower (Seoul, Korea), The Landmark Mandarain Oriental (Hong Kong), CTF Finance Centre (Guangzhou, China), Goldin Global Fincial Center (Hong Kong), Heron Tower (London, England)
- Can easily find top quality tenants and get high rental rates using the in house building management JLL.
- Downtown Vancouver office space has been a Landlord’s market since 2004, held by large corporations and funds and rarely available for sale.
- No 15% Foreign Buyer’s Tax!
- Vancouver is Canada’s #1 Convention City, #2 in North America
- Vancouver is Canada’s #1 Hottest major city for job creation
- Vancouver is ranked 3rd Most Livable City in the World.
Justified by Market Stats/Trends
- More and more Top US Companies are setting up businesses in Vancouver because:
- Lowest Corporate Tax
BC: 26%, California: 43.8%, Washington: 35%, Oregon: 42.6% - US/CAD Exchange Rate Advantage of ~20%
- Better Quality of Life
means better access to talent/skilled professionals & higher employee retention. - Lower Comparable Wages
Average wages are 20-25% lower in Vancouver then in the US for the same jobs. - Stable Government & Strong Economy
- May 25, 2016 - Global investors Anbang’s purchase a controlling stake in the 4 Bentall Commercial Towers in Downtown Vancouver in a deal worth approx $1 Billion.
http://business.financialpost.com/real-estate/property-post/chinas-anbang-insurance-group-scoops-up-remaining-stake-in-vancouvers-bentall-centre-i-ii-iii-iv-source - Oct 19, 2017 - Amazon to lease 76,000 sqft. Commercial office space from WeWork in the Bentall Centre in Downtown, Vancouver.
http://business.financialpost.com/technology/amazon-hq2-would-fundamentally-alter-potential-canadian-city-candidates-2 - 20% Increase in Lease Rates year over year for AAA Class Offices.
- Over 75% of New Office construction has already been pre-leased - record-setting absorption.
- Current Downtown Commercial Office Vacancy Rate is ~4%, even less for AAA Offices < 2%. Downtown Vancouver Office Vacancy Rates have halved in the last 2 years and it is now 2nd Lowest Vacancy Rate in the western hemisphere.
* Please refer to Bosa Waterfront Centre FAQ file for Market Analysis and Forecast. - Only 7 other New Office Buildings to be completed from now till 2021 and almost all have been 100% pre-leased, mixed-use - not purely commercial/professional, not directly connected to transit and no waterfront location/views.
* Please see attached New Office Development Pipeline.
For more info on this project visit www.bosawaterfront.com
| Address: | 320 Granville St. |
| Area: | Vancouver West |
| Sub-Area | Downtown VW |
| Type of Building: | Commercial Office |
| Floors: | 30 |
| Year Built: | 2022 |
| Developer: | Bosa Developments |
| Postal Code: | V6B 0G5 |
| Amenities: | Bike Lobby w/ Secured Bike Storage & Washing area, Fully Equipped Gym, Private Showers, Fitness Studio & Towel Service, Boardrooms, Lounges, Collaboration Booths, Sky Terrace w/ Indoor Kitchen, Outdoor Lounge |
